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Housing Rent Growth Accelerated in Uzbekistan — Central Bank
Summary
In the second quarter, the annual growth rate of rents in Uzbekistan accelerated. According to MB, in June, apartment rents rose by 13% compared to a year earlier when calculated in dollars. The average cost of a rental offer in Tashkent reached $9.5 per month for 1 sq. m.
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The trend of significant increases in the cost of high-rise housing and their rent continues in the republic. Prices in the regions are growing faster than in Tashkent, especially.
In Uzbekistan, 74.4 thousand real estate purchase and sale transactions were formalized in the second quarter - this is almost the same as in the same period last year. At the same time, the volume of issued mortgages increased by 48%, and the price of apartments in apartment buildings increased by 6% in soums and 12% in dollars. The Central Bank published an analysis of the real estate market.