Uzbekistan’s Real Estate Market Shows Growth: January 2026 Ends with a 12% Increase in Transactions

Tashkent, Uzbekistan (UzDaily.com) — The Center for Economic Research and Reforms has published a review of the state of Uzbekistan’s real estate market for January 2026.

According to the report, activity in the housing market continued to rise at the beginning of the year. In January, 28.6 thousand property purchase and sale transactions were registered, nearly 12% more than in the same period last year.

Growth was recorded across all regions of the country, with Tashkent remaining the leader in terms of sales volume. The number of transactions in the capital increased by 33.4%, the highest figure among all regions.

A notable surge in activity was also observed in the Samarkand and Syrdarya regions, where sales rose by 26% and 24%, respectively.

Prices on the secondary housing market nationwide showed moderate growth. On average, the price per square meter increased by 0.9% month on month in January, while year-on-year growth reached 8%.

The largest annual price increases were recorded in the Surkhandarya and Syrdarya regions, at around 24%, as well as in the Khorezm region and the Republic of Karakalpakstan, where prices rose by 16%.

In Tashkent, the average price per square meter on the secondary housing market stood at around US$1,120 in January, up 0.6% over the month and nearly 2% compared with January 2025. The most pronounced annual price growth was observed in the Yakkasaray and Mirabad districts, at 5.7% and 4.3%, respectively.

On the primary market for new residential developments in the capital, price growth was more pronounced. Over the year, the average price per square meter increased by more than 9%, with the highest growth recorded in the Mirabad and Mirzo-Ulugbek districts, at 18.4% and 17.3%, respectively.

The rental housing market in Tashkent also continued to expand. In January, the average rental rate was around US$8.8 per square meter, 9% higher than a year earlier. The highest rental rates remain concentrated in the central districts of the capital, including Mirabad, Shaykhantahur, Yakkasaray, and Mirzo-Ulugbek, where rents reach up to US$11 per square meter.

At the same time, the fastest growth in rental rates was observed in the Almazar, Yunusabad, Yashnabad, Chilanzar, and Mirzo-Ulugbek districts, where average annual increases were around 13%.

Overall, the data indicate a continued strengthening of the real estate market and growing interest in both capital and regional properties across the primary and secondary segments.