Housing prices in Tashkent’s secondary market increases by 11.3% since year beginning 

Specialists of the Center for Economic Research and Reforms analyzed situation in the real estate market for the first half of 2022.

Based on the results of the analysis, it was found that in the first half of 2022, the number of registered real estate purchase and sale transactions in Uzbekistan amounted to 126 thousand contracts, which is 6% more compared to the same period in 2021 (119 thousand).

In terms of regions, the highest growth rates for 6 months were observed in Khorezm (24%), Bukhara (22%), Surkhandarya (16%), Jizzakh (13%), Namangan (13%), Kashkadarya (12%) and Fergana (11%) regions. At the same time, relatively low growth rates in the number of transactions in the real estate market were noted in the Tashkent region (-7%) and a slight decrease in activity was observed in the Syrdarya region (-1%).

The number of real estate purchase and sale agreements concluded in the capital in the first half of 2022 increased slightly (+1%) and amounted to 37,446.

According to calculations, the average cost of housing in the secondary market in the first half of 2022 increased by 7.1% (in the first quarter, the growth was 1% and 6% in the second quarter, respectively).

In terms of regions, the highest rates of growth in prices for residential real estate in the first half of this year were observed in Tashkent (15.6%), Navoi (15%), Surkhandarya (13.3%) and Syrdarya regions (11.5%), and in Namangan (-13.3%), Samarkand (-1.3%) regions, a decrease in prices was recorded.

Since the beginning of the year, housing prices in the secondary market of Tashkent have grown by 11.3% (an increase of 6.5% in the Q1; 4.3% in the Q2). At the same time, an increase in housing prices was recorded in all districts, the largest increase was observed in Mirzo-Ulugbek (18.7%), Yakkasaray (16%) and Yashnabad (14.3%) districts.