Uzbekistan Housing Sales Rise 32% in February

The Center for Economic Research and Reforms (CERR) has released an updated report on Uzbekistan’s real estate market, highlighting February 2026 trends in transaction activity, regional distribution, and housing and rental prices in the capital.

According to the analysis, nationwide housing sales rose nearly 4% in February, reaching 29.7K transactions. Compared with the same month last year, sales increased by 7.2K, a 32.4% rise.

Regional Market Activity

Navoi region recorded the strongest year-on-year growth at 53%, followed by Syrdarya at 39% and Tashkent city at 49%. Month-on-month, the highest gains were seen in Tashkent region (+25%), Navoi (+22.6%), and Syrdarya (+13.4%).

Tashkent accounted for roughly one-third of all transactions in February, with 8.9K sales, up 1.4% over the previous month.

Price Trends in Secondary Housing

Nationally, price growth in the secondary housing market slowed slightly in February, while in Tashkent, prices rose moderately by about 1% during the month. Compared with February 2025, secondary housing prices increased roughly 9% across the country.

The highest annual price rises were recorded in Surkhandarya (+22%), Syrdarya (+19.3%), Jizzakh (+16.3%), and the Republic of Karakalpakstan (+15.9%).

In Tashkent’s secondary market, the average price per square metre grew 3.2% year-on-year. Districts with the strongest growth included Mirabad (+7%), Yakkasaray (+5.6%), Shaykhantakhur (+5.4%), and Chilanzar (+5.3%). In the primary market, prices rose 11.5% year-on-year, with Mirabad (+18%), Mirzo Ulugbek (+15.4%) and Yunusabad (+15.2%) seeing the largest increases.

Rental Market Developments

Rental prices in the capital remained stable at around $8.7 per square metre in February, up 8% compared with the same period last year. The highest rents were in central districts: Mirabad, Shaykhantakhur, Yakkasaray, and Mirzo Ulugbek, averaging about $11 per square metre.

Rental growth accelerated in several districts compared with last year, including Yashnabad (+16%), Sergeli (+13%), Yunusabad (+12%), Almazar (+11%), and Shaykhantakhur (+10%).

Kursiv also reports that Uzbekistan has introduced a cashless payment system for real estate and vehicle transactions, moving settlements to an escrow model.

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