Uzbekistan Real Estate Market Sees 27,100 Deals in October

In October, Uzbekistan’s real estate market recorded 27,100 transactions. This marks a 12% increase from September and the highest monthly figure since August 2023, according to the Centre for Economic Research and Reforms (CERR).

The report highlighted that Khorezm, Bukhara and Tashkent regions saw the most significant growth, with deals rising around 26% on average over the month.

In the capital, the volume of residential sales increased by 5.3% month-on-month and showed a 32% rise compared with last year. The secondary market also saw growth, with average prices per square metre climbing 2.4% over the month and 7.4% year-on-year.

In Tashkent, secondary market prices rose slightly by 0.7% in October, although there was a 1% decline over the past year. Meanwhile, prices for new apartments increased by 2.1% annually.

Rental rates in the capital remained mostly stable at around $8.5 per square metre, with the highest rents in Mirabad, Yakkasaray and Mirzo-Ulugbek districts, averaging $10.2 per square metre. Compared with October 2024, rental prices rose by 1.6%, CERR noted.