The Center for Economic Research and Reforms presented an analysis of changes in the country’s real estate market.
As of July 2025, the volume of housing sales exceeded 26,000 units, up 25% from June. This is one of the most significant monthly increases in recent periods.
In July, all regions of Uzbekistan saw increased activity in the housing market. The largest growth was recorded in Surkhandarya (41%), Syrdarya (35.3%), and Kashkadarya (33.7%) regions.
In Tashkent, housing market activity rose by 24.6%.
In July, the growth rate of the average market price for housing in Uzbekistan’s secondary market accelerated. After a moderate increase of 0.3% in June, prices rose by 1.7% month-on-month in July. Year-on-year, prices were up 3.3%.
At the regional level, the sharpest annual increases in housing prices since last July were observed in Jizzakh (15.2%), Surkhandarya (14.1%), and Khorezm (9.6%) regions.
In July, Tashkent’s real estate market showed a moderate recovery in prices amid a continuing negative annual trend.
The average price of secondary housing increased by 0.8% for the month, while year-on-year, prices fell by 3.2% in the secondary segment and by 0.9% in the primary market.
The most notable declines in secondary housing prices were recorded in Mirzo-Ulugbek (-8.2%), Yashnabad (-4.5%), and Yunusabad (-4.2%) districts. In the new-build segment, the largest decreases were in Uchtepa (-8.8%), Yunusabad (-6.7%), and Shaykhantakhur (-4.7%) districts.
In July, the rental market in Tashkent remained stable, with the average rate holding at $8 per square meter, unchanged from previous months.
The highest rental rates continue to be in central districts such as Mirabad, Shaykhantakhur, and Yakkasaray, where the average level is about $10.3 per square meter.
Year-on-year, the average rental price in Tashkent decreased by 2.8%, with the largest declines recorded in Uchtepa, Yashnabad, and Mirzo-Ulugbek districts.
Jaloliddin Usmonov, CERR
CERR Public Relations Sector
Tel: (78) 150 02 02 (417)
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