The real estate market in Uzbekistan is showing steady growth. In the first six months of 2026, over 171 thousand transactions for the purchase and sale of housing and other real estate were registered in the country, exceeding last year's figure by 25.3%.
According to information from the Center for Economic Research and Reforms, after some slowdown in activity in April and May, the market has become active again. In June, more than 25 thousand transactions were recorded, which is 23% more than in the previous month. Compared to June 2025, the growth in June was 20.4%.
Growth is observed in all regions of the country. The largest increase compared to May was demonstrated by Bukhara Region (growth of 50.1%), Navoi Region (growth of 41.5%), and Samarkand Region (growth of 31.8%).
When comparing with June of last year, Tashkent became the leader in the number of transactions, where growth of 35.7% was noted. Significant growth was also shown by Syrdarya Region (26.9%), Navoi Region (26.3%), and Karakalpakstan (23.3%).
Approximately one-third of all transactions made in June were concentrated in the capital. About 7.8 thousand transactions were registered in Tashkent during this month, accounting for 30.8% of the total transactions across the country.
Overall, the number of transactions increased in all regions of Uzbekistan during the first half of the year. The highest growth rates since the beginning of the year were recorded in Syrdarya Region (36.4%), Tashkent (34.9%), and Navoi Region (30%). More modest figures were noted in Khorezm Region (16.7%), Bukhara Region (15.4%), and Fergana Region (12.1%).
Previously, the National Committee on Statistics of Uzbekistan made changes to the methodology for calculating housing price indices. These adjustments affected both the methodology and the data sources. Now, when determining property value, specific characteristics of the objects will be taken into account, and private houses have been included in the calculation for the first time.
The real estate market in Uzbekistan demonstrated stable growth in the first half of 2026. According to data from the Center for Economic Research and Reforms (CERR), over 171,000 real estate purchase and sale transactions were completed during the six-month period, which is 25.3% higher than the same period last year.
Market activity noticeably recovered in June after a correction observed in April and May. The number of transactions exceeded the 25,000 mark, increasing by 23% compared to May. Furthermore, June deals were 20.4% higher compared to June 2025 and 24.9% higher compared to June 2024.
Growth in market activity was recorded in all regions of the country. Compared to the previous month, the highest growth rates in the number of deals were noted in Bukhara region (growth of 50.1%), Navoi region (growth of 41.5%), and Samarkand region (growth of 31.8%). More moderate growth was shown by Andijan region (17.9%), Tashkent region (12.2%), and Khorezm region (0.9%).
Year-on-year, the strongest growth was recorded in the city of Tashkent, where deals increased by 35.7%. This was followed by Syrdarya region (26.9%), Navoi region (26.3%), and Karakalpakstan Republic (23.3%). The smallest annual growth was observed in Jizzakh region (5.7%), Fergana region (3.6%), and Tashkent region (3.3%).
Approximately one-third of all deals made in June were registered in the capital. 7,800 transactions were finalized in Tashkent, accounting for 30.8% of the total market volume.
Positive dynamics were noted in all regions of the country during the period from January to June. The fastest growth in the number of transactions was demonstrated by Syrdarya region (36.4%), followed by the city of Tashkent (34.9%) and Navoi region (30%). More modest growth was seen in Khorezm region (16.7%), Bukhara region (15.4%), and Fergana region (12.1%).
Uzbekistan authorities are intensifying the privatization process, seeking ways to restore production capacities. In the near future, over 1,300 real estate objects, thousands of hectares of land, and state shares in several companies will enter the market.
During a video selection meeting dedicated to the results of socio-economic development in the first half of the year and determining priority tasks until the end of the year, it was noted that since the beginning of the current year, 57 industry and 76 regional enterprises have reduced their production volumes. This has resulted in the economy losing potential revenue of almost 11 trillion soums.
In light of the current situation, the Deputy Prime Minister was instructed to conduct an analysis of enterprise activities every ten days jointly with region governors and industry heads. It was emphasized that solving business problems must be done directly at the local level without delays.
The Industrial Council was tasked with developing proposals to help compensate for the production decline at 133 enterprises and restore production worth 11 trillion soums.
Special attention was paid to the privatization of state property. Currently, about 3,000 state assets worth a total of 22 trillion soums have been listed on electronic auctions. Nevertheless, regional authorities criticized the insufficient efficiency of state property sales.
A new privatization program will soon begin. According to the plan, the state intends to put 1,300 real estate objects worth approximately 100 trillion soums, 8,000 hectares of land plots, and state shares in 66 enterprises up for auction.
To stimulate business interest, the acquisition conditions have been eased: the initial advance payment amount has been reduced from 30% to 15%, and the remaining amount can be repaid in installments without interest charges.
Furthermore, the president previously criticized the work of local banks and warned of possible personnel changes.
