Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan completed construction of 67,859 apartments in January–September 2026, an increase of 88.8% compared with the same period last year.
During the first nine months of the year, 67,598 citizens received mortgage loans totalling 20.9 trillion soums.
The figures were presented at a briefing by Ravshana Umarova, press secretary to the Minister of Economy and Finance and adviser on information policy.
A total of 13,408 apartments were commissioned in Yangi Uzbekistan residential areas during the reporting period. The state budget allocated 677.1 billion soums for the development of engineering and utility infrastructure in these areas.
Uzbekistan plans to build 140,206 apartments nationwide in 2026. As of 1 October, 67,859 had been completed. Another 10,045 residential units were commissioned under urban renovation programmes.
According to the briefing, Uzbekistan’s population, taking into account the census results, reached 39.5 million as of 1 October. Urbanisation stood at 54.5%, with 21.3 million people living in cities. The Uzbekistan–2030 strategy sets a target of increasing the urban population share to 60%.
A comprehensive programme to develop Yangi Uzbekistan residential areas has been implemented since 2021. It covers not only housing construction but also transport, engineering and social infrastructure. Between 2022 and 2025, a total of 55,264 apartments were built and commissioned in these areas.
For 2026, construction of another 33,926 apartments is planned across 61 residential areas. By 1 October, 13,408 apartments had been completed, representing about 40% of the annual target.
The state budget has earmarked 1.1523 trillion soums for engineering and utility infrastructure in these residential areas in 2026. By 1 October, 677.1 billion soums had been disbursed. The funds are being used to build roads and develop drinking water, sewerage, heating and electricity networks.
Mortgage lending is another key area of the government’s housing policy. A total of 23 trillion soums in mortgage loans is planned for 2026.
Of this amount, 12.2 trillion soums is to come from the state budget, 7.8 trillion soums from commercial banks’ own funds and 3 trillion soums from the Uzbekistan Mortgage Refinancing Company.
As of 1 October, citizens had received 20.9 trillion soums in mortgage loans, equivalent to 91% of the annual target.
Compared with January–September 2025, mortgage lending increased by 39%, or 5.9 trillion soums.
Of the total amount issued, 12.8 trillion soums came from the state budget, 6.1 trillion soums from commercial banks and 2 trillion soums from the mortgage refinancing company.
During the nine-month period, the state budget paid 1.2081 trillion soums in mortgage subsidies. Of this amount, 407.8 billion soums went towards down payments for 13,722 citizens, while another 800.3 billion soums covered interest payments.
Under the renovation programme, Uzbekistan plans to commission 30,000 apartments in 2026 and 35,000 in 2027. These targets are set out in Presidential Decree No. UP-29 dated 24 February 2026. The government also plans to gradually increase the share of apartments built under renovation programmes to 60% of total multi-apartment housing construction by 2040.
The legal framework for renewing outdated housing stock was established by the Law on Urban Renovation, adopted on 10 June 2026. The law provides mechanisms to protect property owners’ rights, use land resources efficiently and finance urban redevelopment projects.
During the first nine months, the Uzbekistan Mortgage Refinancing Company refinanced previously issued mortgage loans worth 2.2731 trillion soums, covering approximately 9,000 citizens.
The company also allocated 221.2 billion soums in mortgage loans for the environmental modernisation of 1,594 homes.
It attracted 685.6 billion soums from the European Bank for Reconstruction and Development and 1.3 trillion soums from the domestic capital market. By 2030, the company plans to increase its charter capital to 5 trillion soums and expand its share of the mortgage market to 20%.
