Housing Sales in Tashkent Rise by 18%, Secondary Market Nationwide Grows by an Average of 8%

Tashkent, Uzbekistan (UzDaily.com) — At the end of 2025, Uzbekistan’s real estate market demonstrated increased activity and divergent dynamics across regions and segments.

An updated review by the Center for Economic Research and Reforms (CERR) outlines the key shifts in the housing sales and rental markets, including developments in the capital.

According to CERR data, the total number of housing purchase and sale transactions nationwide rose by more than 15% over the year, reaching 295,000 deals.

The strongest growth in market activity was recorded in the Bukhara Region (25.7%), the Syrdarya Region (23.3%) and the Samarkand Region (19.7%). Tashkent accounted for around 30% of all housing transactions in the country, with sales in the capital increasing by 18.2% to approximately 84,000 deals.

Prices in the secondary housing market nationwide showed moderate acceleration, with average growth of about 8%, compared with 6.2% in 2024. The highest price increases were observed in the Surkhandarya and Ferghana regions, as well as in the Republic of Karakalpakstan, where prices rose by around 17% over the year.

High price levels for secondary housing persisted in the capital, as well as in the Samarkand Region (US$834 per square meter) and the Tashkent Region (US$682 per square meter).

The most affordable secondary housing remained in the Republic of Karakalpakstan (US$378 per square meter), the Syrdarya Region and the Kashkadarya Region, where prices averaged around US$454 per square meter.

In Tashkent, the average price per square meter in the secondary market increased by just 0.6%, exceeding US$1,100.

At the same time, price declines were recorded in certain districts, including Mirzo-Ulugbek and Chilanzar, where prices fell by around 5%.

In the capital’s primary market, price growth was more pronounced, with the average cost of housing rising by more than 9%. The sharpest increases were recorded in the Mirabad District (18%), Yashnabad District (14%) and Mirzo-Ulugbek District (13.5%).

The rental market in Tashkent also showed moderate growth. By the end of the year, the average rental rate stood at around US$8.8 per square meter, up 7% compared with 2024.

The highest rental rates continued to be seen in central districts such as Shaykhantakhur, Mirabad and Yakkasaray, at about US$11 per square meter.

At the same time, the fastest growth in rental rates was observed in the Almazar, Yashnabad and Shaykhantakhur districts, where average rents increased by around 11% over the year.

The CERR review reflects an overall trend toward strengthening of Uzbekistan’s real estate market, while maintaining regional differences and sustained demand for housing in the capital and key regions.