Tashkent Housing Market Shows Mixed Price Trends

Tashkent, Uzbekistan (UzDaily.com) — The Institute of Macroeconomic and Regional Research under the Cabinet of Ministers of the Republic of Uzbekistan has presented an analysis of multi-apartment housing prices and market activity in Tashkent as of April 2026. The study is based on data from open listings and reflects asking prices on the real estate market.

According to the analysis, the primary housing market showed mixed price trends depending on the number of rooms. The cost of one-room apartments rose by 1.1%, and three-room apartments by 2.7%. At the same time, two-room apartments fell in price by 1.1%, and housing with four or more rooms fell by 1.5%.

The secondary market recorded more pronounced price growth in certain segments. One-room apartments rose in price by 5.8%, two-room apartments by 0.6%, and three-room apartments by 0.5%. Large housing units with four or more rooms also fell in price, by 1.5%.

Analysts note that the cost of fully renovated housing in the capital's central districts remains high. Depending on the district, the average price per square metre ranges from US$909 to US$2,162.

The highest figures were recorded in the Mirobod, Yakkasaray and Mirzo Ulugbek districts, where the price per square metre of fully renovated housing reaches a range of US$1,298 to US$2,162. More affordable prices were noted in the Uchtepa, Almazar and Sergeli districts, ranging from US$909 to US$1,400 per square metre.

The analysis also highlights the price gap between districts and renovation types. On the primary market, the price per square metre of fully renovated housing in Mirobod district is US$2,137, compared with US$1,070 in Sergeli district, almost half as much. On the secondary market, a similar gap exists, at US$1,853 versus US$984 respectively.

It is also noted that the transition to a cashless system for property purchases and sales did not lead to significant price fluctuations in April–May 2026. Final conclusions about the impact of this measure can be drawn based on price dynamics over the second and third quarters of the year.

The analysis stresses that the data presented is based on market listings and may differ from the actual prices of concluded transactions.