Uzbekistan Housing Market Grows 47% in March 2026

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan’s housing market recorded a sharp acceleration in activity in March 2026, according to an updated report by the Center for Economic Research and Reforms.

A total of 43,600 residential property transactions were registered in March, representing a 47% increase compared to the previous month. On a year-on-year basis, market activity more than doubled compared to March of the previous year.

Experts attribute part of this growth to the transition toward an escrow-based settlement system, which came into effect in April. Anticipation of the new payment mechanism is believed to have accelerated transaction activity ahead of the regulatory change.

Regional data shows positive dynamics across all regions of the country.

The highest growth rates were recorded in the Jizzakh region, where transactions increased by 73.2%, followed by the Syrdarya region with 64.6%, and the Namangan region with 63%. Other regions, including Samarkand, Bukhara, Andijan, Surkhandarya, Tashkent region, and Karakalpakstan, reported growth of approximately 40–50%.

The capital accounted for about one-third of all transactions. In Tashkent, property sales increased by 44%, reaching approximately 12,800 transactions.

In the secondary housing market, prices nationwide rose modestly by 0.4% over the month. On an annual basis, secondary housing prices increased by around 10%. The most notable annual price growth was observed in Syrdarya region (22%), Samarkand (18.7%), and Andijan (17.6%).

In Tashkent, price dynamics remain more moderate, with secondary market prices rising by around 5% year-on-year. The highest price levels were recorded in Mirabad, Mirzo-Ulugbek, and Chilanzar districts.

The primary housing segment showed stronger growth, with the average price per square meter increasing by 8.8% compared to March of the previous year. The fastest growth was observed in Mirzo-Ulugbek, Mirabad, and Yunusabad districts.

The rental market also continued to expand steadily. In March, the average rental rate in Tashkent reached around 8.9 US dollars per square meter, increasing by 2.7% over the month and 10.8% year-on-year. The highest rental rates remain concentrated in central districts of the capital, reaching about 11 US dollars per square meter.

Analysts note that the real estate market continues to show stable positive momentum in both sales and rental segments, while significant regional and segment-level disparities persist.