The Central Bank reported that in July 2026, Uzbekistan processed 34,341 transactions for the purchase of real estate and vehicles through escrow accounts.
The Central Bank reported that in July 2026, Uzbekistan processed 34,341 transactions for the purchase of real estate and vehicles through escrow accounts.
Of the total number of transactions, 18,306, which accounts for 53.3%, concerned vehicles, while 16,035 transactions, or 46.7%, were related to real estate. Additionally, 1,096 transactions are currently under review.
The highest level of activity during the month was noted in Tashkent, where 9,674 transactions were registered, accounting for 28.1% of the national volume.
Among the regions, the largest number of transactions was recorded in the Fergana region with 3,401 deals, in the Samarkand region—2,810, and in the Andijan region—2,567.
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.
According to the Central Bank, in the first half of 2026, the volume of mortgage loans issued by banks in Uzbekistan reached 13.1 trillion soms. This figure exceeds the amount for the same period last year by 3.7 trillion soms, which is a growth of almost 39%. The number of people who received mortgage loans increased from 31,589 to 42,575 people, an increase of 10,986 borrowers, or 34.8%. At the same time, the average loan size slightly increased, rising from approximately 299 million to 308 million soms.
A significant part of the lending was directed towards purchasing housing on the primary market—9.8 trillion soms, accounting for 75% of the total volume. 31,995 people obtained mortgages in the primary market. Last year, the share of the primary market also accounted for 75% of lending, with 6.93 trillion soms in loans issued to 23,596 borrowers.
On the secondary market, 3.3 trillion soms in loans were provided to 10,580 citizens. Compared to the first half of 2025, when this figure was 2.51 trillion soms for 7,993 people, the share of the secondary market remained at 25%.
The largest volume of mortgage loans was allocated in Tashkent—4.01 trillion soms, demonstrating a growth of approximately 36% compared to the previous year (2.96 trillion soms). The second place was held by the Andijan region with an amount of 1.11 trillion soms versus 747.2 billion soms the previous year. Following in terms of lending volume are Kashkadarya region (963 billion soms), Fergana region (888 billion soms), and Surkhandarya region (834 billion soms).
The smallest lending volumes were recorded in Syrdarya region (356 billion soms), Jizzakh region (414 billion soms), Bukhara region (505 billion soms), and Karakalpakstan (508 billion soms).
The largest lender among banks is recognized as Xalq Banki (People's Bank), which issued mortgages worth 2.2 trillion soms. It is followed by 'Agrobank' (1.96 trillion soms), 'Milliy Bank' (1.68 trillion soms), 'Ipoteka-bank' (1.58 trillion soms), and 'Uzpromstroybank' (1.29 trillion soms).
Among mortgage recipients, men accounted for 54%, and women for 46%, which is a change from last year when the ratio was 61% and 39% respectively. The main mass of borrowers consists of citizens aged 31 to 50 years, who accounted for 65% of all loans, or 27,516 people. Another 25% of recipients, namely 10,903 people, were in the age group of 18 to 30 years, and 10% were over 50 years old.
The average interest rate for mortgages financed from the republican budget was 16.8%, down from 17.5%. Rates for funds from the Uzbekistan Mortgage Refinancing Company reached 21.6%, while the banks' own funds showed a decrease from 23.5% to 20.1%.
Previously, in the first quarter, there was a noted increase in real estate transactions by 48.4% before the introduction of escrow accounts. The volume of mortgages during this period increased by 29%, and construction by 15.5%. Apartment prices in new buildings rose by 8.1% in dollar terms, and in the secondary market by 9.4% in soms (although the growth rate in soms was lower). It is worth noting that land in Tashkent became cheaper. Previously, in the Central Bank's 2025 review, it was indicated that apartment prices in Tashkent were growing in dollars but remained almost unchanged in soms.
