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Since the beginning of the year, the real estate market has continued to strengthen its position. Sales have surpassed last year’s level by 17.4%, reaching 25.5 thousand transactions.
Regional Analysis
Since the beginning of the year, real estate sales dynamics have shown positive trends across various regions of the country. The most significant growth was recorded in Jizzakh region, where sales increased by 44%, and in Navoi region, which saw a 36% rise.
In Tashkent, the country’s largest city, which accounts for 28% of the total real estate market, activity increased by 18%, confirming a steady interest in real estate in the capital.
Analysis of the Secondary Housing Market
Over the past month, prices for secondary housing across the country saw a moderate increase of 0.3%, while compared to the previous year, prices rose by 4.6%.
The highest price growth in annual terms in the secondary housing market was observed in Surkhandarya region – 11.4% increase, Jizzakh region – 10.4% increase and Fergana region – 8.4% increase.
In January, the average price of secondary housing in Tashkent remained unchanged.
By district, the most notable price declines in the capital were recorded in Sergeli district – 1.8% decrease, Yunusabad district – 1.7% decrease and Mirzo-Ulugbek district – 1.5% decrease.
Overall, compared to January last year, the average price per square meter of housing in Tashkent saw a moderate decline of 2.3%.
Analysis of the Rental Housing Market
In January, the rental market in Tashkent experienced a slight decline in activity. On average, the cost of renting one square meter in the capital is $8.1.
The highest rental prices remain in central districts of the capital, such as Mirabad, Shaykhantakhur, and Yakkasaray, where the average rental cost reaches $10 per square meter.
However, compared to last year, the average rental price in Tashkent has decreased by 10.7%. The largest declines were observed in Chilanzar district – 17.4% decrease, Almazar district – 16.7% decrease and Yashnabad district – 14.3% decrease.
Reference: The Uzbekistan Real Estate Market Review is one of CERR’s research areas, presenting market activity trends in both the primary and secondary real estate sectors. The data is provided for the reporting month as well as for the period from the beginning of the year to the reporting month. To track market dynamics, data for the same period of the previous year is also included.
Jaloliddin Usmonov, CERR
CERR Public Relations Service
тел: (78) 150 02 02 (417)
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