Real estate market activity in Uzbekistan remained high in the second quarter of 2025, according to the Central Bank of Uzbekistan.

The bank’s latest report shows that 88,100 real estate transactions were registered during the quarter — a 9.9% increase compared to the same period last year.

In the first half of the year, the total number of transactions reached 148,400, marking a 12.1% year-on-year growth.

Experts attribute this surge in real estate activity to the growing volume of mortgage lending, rising household incomes, and increased investment in housing construction.

As for price trends, the market remained stable during the second quarter. Prices either rose or slowed in growth in Tashkent, the Tashkent region, Samarkand, and Navoi. In other regions, lower prices, improved infrastructure, and increased demand have driven price growth.

According to Central Bank data, the average price per square meter on Tashkent’s secondary housing market fell from UZS 15.28 million to UZS 14.9 million within a month. In the Tashkent region, prices declined from UZS 8.33 million to UZS 8.21 million.

Rental prices have remained stable. As of the end of June, annual growth in the rental market stood at just 0.3%. However, rents in Tashkent continued to decline, with a 6.1% year-on-year decrease.

In the land plot market, the average price of a 100-square-meter land plot in Tashkent stood at UZS 334 million, 2.5% lower than in June last year.