Tashkent, Uzbekistan (UzDaily.com) -- The Center for Economic Research and Reforms (CERR) regularly analyzes changes in demand in the real estate market in Uzbekistan.

In September 2022, the number of registered real estate purchase and sale transactions in Uzbekistan increased by 19% (+3.7 thousand) compared to the same period last year. In general, since the beginning of the year, the growth in housing sales amounted to 9.7% (195.7 thousand).

The highest growth rates were recorded in Karakalpakstan (+50%), Syrdarya (+42%), Jizzakh (+39%) and Namangan (+50%) regions.

At the same time, compared to August of this year, there was a slight decline in real estate sales, which is mainly due to an increase in demand for rental housing due to the beginning of the school year and a significant increase in the number of foreign citizens.

So, in Tashkent, the average rental price per 1 sq.m has increased by 22.4% since the beginning of the year.

The highest growth rates of rental prices were recorded in Almazar (by 49%), Yashnabad (by 44%), Sergeli (by 34%) and Shaikhantokhur (by 33%) districts.

The high cost of rent per 1 sq.m is recorded in Shaikhantakhur ($12.5), Mirabad ($10.8) and Yakkasaray ($10.8) districts. Relatively low rental prices were noted in Sergeli ($6.7) and Bektemir ($4.6) districts.

Price changes in the secondary market

Calculations show that the growth rate of the average cost of housing in the secondary market in September amounted to 1.1% per month (in August – 0.5%, in July – 2.5%).

A significant increase in the cost of housing is observed in Namangan (+5.9%), Jizzakh (+4.5%) and Ferghana (+4.4%) regions.

A decrease in housing prices was recorded in Karakalpakstan (– 4.3%), Khorezm (– 1.7%) and in Kashkadarya (– 0.4%) regions.

Since the beginning of the year, the average cost of housing for 1 sq.m in the secondary market has increased by 8.9%.

In the secondary real estate market in Tashkent, the price increase was 1.7% (in August – 1.4%, in July – 2.4%). The largest increase in housing prices was noted in Yunusabad, Yakkasarasay and Mirzo-Ulugbek districts.

Housing sales in Tashkent for 9 months increased by 6% compared to the same period last year.

In Tashkent region, the number of registered transactions amounted to 2.4 thousand.