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The number of real estate transactions in Uzbekistan increased by 12% amid a mortgage growth
High activity in the primary housing market is facilitated by flexible payment conditions offered by developers.
Since the beginning of the year, high activity has been preserved in the real estate market of Uzbekistan. This is stated in the report of the Central Bank dedicated to the real estate market for the second quarter of 2025.
In April June, the number of real estate transactions increased by 9.9% a year by the year-up to 88.1 thousand units. According to the results of the first half of the year, 177.5 thousand transactions were concluded (an increase of 10.7%).
For six months, the number of contracts directly related to the purchase and sale of real estate amounted to 148.4 thousand-an increase of 12.1% compared to the same period of 2024. The Central Bank noted that real estate market activity was facilitated by the growth of mortgage loans, population incomes and investment in housing construction.
In the second quarter, the pace of issuing mortgage loans increased by 36% - to 9.43 trillion soums. The share of loans issued for the purchase of housing in the primary market is growing in the structure of the mortgage. In particular, in April-June, 74% of the mortgage portfolio fell on the primary housing market (in the second quarter of 2024-57%).
Every fifth contract of sale of real estate is concluded using a mortgage-21.3% according to the results of the first half of the year (in the first half of 2024-19.9%). The regulator noted that the role of mortgage lending in the acquisition of housing is increasing.
Activity in the primary housing market is supported by a quick rate of construction and an increase in investment in housing construction. According to the results of January-June, the real increase in construction volumes amounted to 10.7%, the share of investment in the housing sector increased from 4.7%to 7.9%.
In turn, developers offer “flexible payment conditions against the background of high interest of the population to convenient mechanisms for the acquisition of real estate”. This stimulates the expansion of the primary housing market.
Another factor in the growth of activity from demand for housing is the growth of real incomes of the population. In the first half of the year, real incomes of citizens increased by 9.5% per year, but the growth rate slowed down (in the first half of 2024 - 11.9%). The Central Bank believes that a high increase in mortgage loans and a balanced increase in housing prices lead to a steady increase in housing acquisition.
Earlier, Spot wrote that in Uzbekistan the bill on urban planning renovation was adopted in the first reading.
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