Uzbekistan's real estate market: forecasts and trends for 2025

On January 27, 2025, analysts of the real estate market of Uzbekistan presented a new forecast for the development of the sector for 2025. The market is expected to continue to grow next year, but will depend on a number of factors, such as infrastructure development, housing demand and construction trends.

The main driver of growth remains construction activity in Tashkent and major regional centers such as Samarkand and Bukhara. Demand for residential properties continues to be high, especially in large cities, where there is an increase in the number of young families and migration from rural areas. It is important to note that in recent years there has been an active construction of economy-class residential complexes in Uzbekistan, which allows us to meet the needs of a wider population.

However, despite the rise in housing prices, the market remains attractive for investors. Many international companies have started investing in the construction of residential and commercial properties, as well as in infrastructure projects. The Government of Uzbekistan continues to actively support the construction sector through subsidizing mortgage loans and building affordable housing.

Experts predict that in 2025, real estate prices may rise by another 8-10%, which is associated with an increase in the cost of building materials and an increase in demand for housing. However, in the long run, the real estate market will stabilize, especially if it is possible to create more favorable conditions for investors and improve the availability of housing for the population.