The question of whether buying housing is becoming easier or more difficult is one of the most pressing issues worrying thousands of families, young people, and investors. This is especially true for those who aim to purchase housing through a mortgage, as any percentage change in the market has significant implications.
Real Estate Price Dynamics
According to official data, although the growth rate in the housing market has slowed down, prices continue to rise. According to the National Statistical Committee, in the second quarter of 2026, housing prices in Uzbekistan increased by 1.3% compared to the previous quarter and by 4% compared to the same period last year. These figures indicate not a sharp jump, but the maintenance of stable growth.
Housing Market Segmentation
The largest growth is observed in the apartment segment, where the average price increased by 5.5% over the year. Growth is even higher in the primary sector, where prices for new buildings rose by 7.1%, indicating sustained high demand for new housing. The secondary market showed more moderate growth—prices here increased by 4.2%.
Experts explain this situation with several factors. Firstly, population growth in cities and urbanization processes increase the need for new housing. Secondly, rising costs for construction materials, transport, and labor affect construction costs, leading to an increase in the price of new apartments.
Differences Between Housing Types
Growth in the individual house market is significantly slower: over the year, prices for this type of housing increased by only 2%. This may suggest that the demand for multi-apartment housing remains higher than for private houses.
Geographical Features of the Market
There is a difference in prices depending on the region. Many believe that prices are growing faster in the capital, but official statistics show otherwise. While the price of an apartment in Tashkent grew by 3.9% over the year, this figure was 7% in other regions of the republic. This indicates that construction activity and housing demand are also growing in the provinces.
New Valuation Methodology
Starting from the second quarter of 2026, housing prices are calculated using a new methodology—hedonic regression. This approach considers not only the average price but also important characteristics such as area, location, floor, and building quality, allowing for a more accurate assessment of real market dynamics.
Analyses show that there is no sharp 'price explosion' in the housing market. Nevertheless, steady price growth means that expenses for those planning to buy housing are increasing annually. In the future, it is expected that the increase in construction volume, mortgage lending programs, and the implementation of new housing projects will become important factors in ensuring the balance of supply and demand in the market.
Thus, the presented data is not just statistics, but an important indicator reflecting the direction of the housing market in Uzbekistan, the population's housing needs, and the influence of economic processes on the real estate sector.