Tashkent, Uzbekistan (UzDaily.com) -- The Center for Economic Research and Reform, in its regular review, analyzes the changes that have occurred in the real estate market.

In January, almost 22 thousand apartments were sold in Uzbekistan, which is 20% more than in the same period of last year.

Leaders of the regional rating

A significant increase in apartment sales was noted in Khorezm - 75%, Syrdarya - 51%, Samarkand - 48% and Surkhandarya - 42% regions.

The situation on the rental housing market in Tashkent
Housing rental prices in Tashkent continued to decline. Overall, since the beginning of the year, the average rental price in the capital has decreased by 2.2% and amounted to US$9 per sq. m.

It is noteworthy that a rent increase was noted in the Uchtepa, Bektimir and Sergeli districts; renting an apartment here became more expensive by 3.4%, 2.1% and 1.1%, respectively.

A noticeable decrease in rent was noted in the Shaykhantakhur and Mirzo-Ulugbek districts; in these areas, rent became more affordable by more than 5%.

Despite a slight decrease in prices in Shaykhantakhur, Yakkasaray and Mirabad districts, the highest prices remain here; on average, renting a house will cost US$11 per sq.m.

Relatively affordable rent was noted in the Uchtepa, Sergeli and Bektemir districts from US$6 to US$8 per square meter.

Price parameters on the secondary market

Since the beginning of the year, the secondary housing market has grown by 1.6%. In annual terms, the secondary market increased by 18%. The most noticeable growth was noted in the Khorezm, Tashkent and Andijan regions, on average by 30% compared to January last year.

In Tashkent in January, average prices for secondary housing remained virtually unchanged and amounted to US$1,122 per sq. m. A slightly more noticeable increase in prices was noted in Bektemir, Sergeli and Yashnabad districts.

Compared to January last year, average prices for resale in the capital increased by almost 20%.