Real Estate Sales in Uzbekistan Are Growing: November Results

In November, Uzbekistan’s real estate market demonstrated positive dynamics. According to the Center for Economic Research and Reforms, 21,900 sales transactions were recorded during the month, which is a 2.5% increase compared to October. On a year-over-year basis, growth reached 0.8%.

Tashkent Leads the Real Estate Market

The capital remains the country’s largest real estate market, accounting for about 30% of all transactions. In November, activity in Tashkent increased by 9.3%.

Prices for Secondary Housing

Nationwide: Prices rose slightly by 0.3% over the month, with a year-over-year increase of 6.2%.

In Tashkent: The average price of secondary housing increased by 0.2% over the month, reaching just over $1,100 per square meter. However, prices fell by 1.5% year-over-year.

Notable changes in Tashkent districts:

Bektemir District: a 4.4% monthly price increase.

Yashnabad District: a 2.4% increase.

Shaykhantakhur District: a 2.2% increase.

Rental Market

In November, the rental market in Tashkent remained stagnant. The average rental price stood at $8.3 per square meter, maintaining the same level as in June of this year.

Rental prices in the central areas of the capital (Mirabad, Shaykhantakhur, and Yakkasaray districts):

The cost ranges from $10 to $11 per square meter.

On a year-over-year basis, rental prices in Tashkent decreased by 10.7%. The most significant price drops were recorded in:

Uchtepa District: a 14.5% decrease.

Yashnabad District: a 14.3% decrease.

Yunusabad District: a 13.8% decrease.