According to a housing market review by the Central Bank of Uzbekistan, 110,100 residential property transactions were concluded in January–March 2026, a 48.4% increase compared to the same period last year.
"The highest growth in home sales was recorded in Syrdarya region, where the number of transactions increased by 67% year-on-year. This is followed by Tashkent with a 64% increase, as well as Andijan and Navoi regions, where figures rose by 56% and 52% respectively," the review said.
"The increase in the number of transactions reflects the ongoing growth of economic activity and urbanization in the regions," the document noted.
An additional temporary boost to the market came from the introduction of a new escrow account system for property purchases, which came into force on April 1. Many buyers and sellers accelerated transactions before the new rules took effect, contributing to a sharp rise in sales in March.
Mortgage lending also continued to support housing demand.
In the first quarter, commercial banks issued mortgage loans totaling 5.7 trillion soums (about $473 million), a 29% increase compared to the same period in 2025.
At the same time, real household incomes grew by 7.8% year-on-year, further supporting housing demand.
The increase in market activity was accompanied by a rise in property prices.
In March, prices in the primary housing market rose by 1.8% month-on-month in national currency and by 8.1% in dollar terms.
In the secondary market, prices increased by 3% in soum terms and by 9.4% in dollar terms.
According to the Central Bank, Uzbekistan's housing market continues to show resilience thanks to strong demand, active housing construction, and expanding mortgage financing.