What to Look Out for When Buying New Apartment in Uzbekistan?

Mass detection of illegal housing has both positive and negative effects. On the negative side, it affects confidence in the market. Potential buyers considering a home purchase become more cautious. This wariness extends not only to small developers but also to projects by major companies, even those that have operated in the market for many years.

On the positive side, systematic efforts to identify properties that do not meet current rules and standards improve market safety and help prevent potential tragedies linked to poor construction quality.

It also contributes to long-term transparency. Conscientious developers are encouraged to comply strictly with regulations, while buyers begin to check properties more carefully. This strengthens trust in legal housing and helps create a more stable property market.

What documents and factors to check before buying a flat from a new company

When buying a flat, it is important to carefully check the developer company and the project’s documentation. First, pay attention to the company’s reputation, including how many residential complexes it has completed and how long it has been operating.

You should review the developer’s documents. Especially, the construction permit, which confirms the legality of the building work.

When meeting a sales manager, be sure to ask whether this document is available, request to see it and check its validity period.

Another key document is the project passport. It contains detailed information about the development, including a description of the residential complex, details about the developer and the completion timeline. It is usually displayed directly at the construction site.

You should also confirm the developer’s rights to the land plot. The company must own the land and have documents to prove this. Checking these aspects significantly reduces risks when buying and helps you choose a safe and reliable property.

How to make the primary housing market transparent and safe for buyers

Clearing the property market of illegal new developments requires a comprehensive approach.

The existing legal framework already provides a sufficient set of tools for effective oversight by both the state and buyers. In practice, however, there are still issues with enforcement and access to information. Not all citizens understand where and how to check a project’s legality, and these tools do not always work in a transparent and user-friendly way.

Legal protection for citizens is also important, particularly the introduction of escrow accounts, under which buyers’ funds are held in a bank until construction is completed. This reduces risks if a developer fails to meet its obligations.

It is also worth developing a system of developer ratings and encouraging responsible companies. This would help buyers identify reliable projects and give reputable developers competitive advantages.

Finally, public education is essential. Broad access to online platforms and information campaigns would allow citizens to safely verify new developments and developers’ documents.

Taken together, these measures create a transparent and safe market, boost trust in developers and reduce the risks of illegal construction.