Tashkent, Uzbekistan (UzDaily.com) - A resolution of the President “On additional measures to improve the living conditions of the population and the further expansion of the mortgage market” was adopted.

In accordance with the resolution, for the period from 1 May 2020 to 1 January 2022 it is allowed to provide mortgage loans to individuals to purchase apartments in the primary housing market in houses built by private contractors, without a “turnkey” condition (without finishing work )

The maximum size of mortgage loans allocated to one borrower for the purchase of apartments in the primary housing market for houses built by private contractors will be increased without a “turnkey” condition (without finishing work), as well as apartments whose construction has been completed:

- in rural areas - for two-room apartments from 174 million soums to 240 million soums, apartments with three or more rooms from 224 million soums to 320 million soums;

- in cities - for two-room apartments from 180 million soums to 240 million soums, apartments with three or more rooms from 232 million soums to 320 million soums;

- in the city of Tashkent - for two-room apartments from 198 million soums to 264 million soums, apartments with three or more rooms from 255 million soums to 352 million soums.

The term of mortgages allocated to the population under the new procedure (including mortgages allocated to this day) has been extended from 15 to 20 years.