Uzbekistan’s property market saw 25,000 homes sold in August, a monthly decline of 4.6% but a 13% increase compared to the same period last year, according to the Centre for Economic Research and Reforms (CERR).
The highest number of deals was recorded in Syrdarya, Khorezm and Surkhandarya regions. Prices on the secondary market rose by 1% in a month and by 4% over the year. In the capital, however, property prices fell by 2.3% in August, with only a marginal increase of 0.2% year-on-year.
Rental costs in Tashkent held steady last month, with the average rate at $8 per square metre. The most expensive districts were Mirabad, Shaykhantakhur and Yakkasaray, where average rents reached $10.3 per square metre.
Kursiv also reports that according to CERR Uzbekistan’s business climate is showing steady improvement.
