Uzbekistan Real Estate Market Sees Rising Sales and Prices

Tashkent, Uzbekistan (UzDaily.com) — The Center for Economic Research and Reforms released an updated overview of Uzbekistan’s real estate market for February 2026. Nationwide, housing sales increased nearly 4% to 29,700 transactions. Compared to February 2025, this represents a rise of 7,200 deals, or 32.4%.

Regionally, the highest year-on-year growth was recorded in Navoi (+53%), Syrdarya (+39%), and Tashkent city (+49%). Month-on-month increases were noted in Tashkent Region (+25%), Navoi (+22.6%), and Syrdarya (+13.4%). About one-third of all transactions occurred in the capital, with approximately 8,900 units sold, up 1.4% from January.

On the secondary housing market, price growth remained moderate, although the average price per square meter in Tashkent rose by around 1% during the month. Year-on-year, secondary housing prices increased roughly 9%, with the largest gains in Surkhandarya (+22%), Syrdarya (+19.3%), Jizzakh (+16.3%) regions, and the Republic of Karakalpakstan (+15.9%).

In Tashkent, the secondary market saw prices rise 3.2% compared to February 2025. The highest increases were in Mirabad (+7%), Yakkasaray (+5.6%), Shaykhantakhur (+5.4%), and Chilanzar (+5.3%) districts. On the primary market, the average price per square meter in the capital grew 11.5%, with Mirabad rising 18%, Mirzo-Ulugbek 15.4%, and Yunusabad 15.2%.

Average rental rates in Tashkent remained at US$8.7 per square meter, with an annual increase of 8%. The highest rates continued in central districts, including Mirabad, Shaykhantakhur, Yakkasaray, and Mirzo-Ulugbek, reaching up to US$11 per square meter. Annual rental growth accelerated in Yashnabad (+16%), Sergeli (+13%), Yunusabad (+12%), Almazar (+11%), and Shaykhantakhur (+10%).