The number of real estate transactions in Uzbekistan reached 319,500 in 2025, marking a 15.8% increase year on year, according to the Central Bank.
In the fourth quarter alone, 89,700 property deals were recorded, up 24.5% compared with the same period a year earlier. The regulator attributed the growth in market activity to an expansion in mortgage lending and rising household incomes.
Over the year, housing loans totalled 21.2 trln soums ($1.7 bn), a 29% increase from 2024.
Housing supply also expanded, with 15.9 mln square metres of residential property completed in 2025, up 7.2% year on year. Khorezm region led construction growth at 36%, followed by Surkhandarya at 6.7% and Fergana at 6.5%.
Price trends varied depending on the segment. In U.S. dollar terms, new-build apartments rose by 5.7% over the year, while secondary housing prices increased by 7.9%.
In local currency, however, prices for new apartments fell by 1.3%, while secondary housing saw a modest rise of 0.7%.
From economics and politics to business, technology and culture, Kursiv Uzbekistan brings you key news and in-depth analysis from Uzbekistan and around the world. To stay up to date and get the latest stories in real time, follow our Telegram channel.
