Real estate activity in Uzbekistan continued to decline in March 2025, marking the second consecutive monthly drop, according to the Center for Economic Research and Reforms (CERR). The total number of property transactions fell by 8.8% compared to the previous month, totalling 20,400 deals.
Despite the short-term slowdown, annual figures show a 15% increase in transactions compared to March 2024. The regions of Jizzakh and Navoi led the growth in market activity.
The average property price on the secondary housing market rose by 0.9% year-over-year. The fastest price increases were recorded in Jizzakh (+12.3%), Surkhandarya (+10.7%), and Kashkadarya (+8.5%) regions.
However, housing prices in Tashkent continued to decline, with secondary market prices falling 5.7% year-over-year. Prices for newly built apartments decreased more moderately — down 3.7% compared to March 2024.
Rental prices in the capital also became more affordable. In March 2025, the average rent was $8 per square meter, a 7.4% decrease from the previous year. In central districts, rents reached $10 per square meter, while the most significant drops were observed in Chilanzar, Yashnabad and Mirzo-Ulugbek districts.
Kursiv Uzbekistan reported that self-employed citizens in Uzbekistan will soon be allowed to work as real estate agents.
