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    Economics

    Uzbekistan sees real estate price hike due to ex-pats from Russia and Belarus

    Uzbekistan sees real estate price hike due to ex-pats from Russia and Belarus

    The Central Bank of Uzbekistan has provided information on the general overlook of the real estate market in Uzbekistan.

    According to the country’s money regulator, the index of activity in the rental housing market has increased in the second quarter of this year which may be related to the significant influx of tourists. Russian and Belarussians have made a big contribution to this growth.

    In May-June, rent prices have remained stable.

    In May, the price of a square meter of rented accommodation did not change compared to the previous month. In June, an increase of 0.5 per cent was observed.

    Rental house prices in USD have increased by 1.7% in May and by 2.1% in June.

    The number of deals on buying and selling houses reached 81,900 in the second quarter. This indicator is 6.2% more than the same period last year.

    The number of real estate transactions increased in all regions except the Tashkent region (a small decrease of -2.8 %).

    The largest increase in completed trade contracts was observed in Khorezm - 27.8 %.

    This figure was 17 per cent in the Navoi region, and 16.8 per cent in Jizzakh.

    Earlier, the price of old houses in Uzbekistan increased by 6.2% in dollars.

    14.07.2022, 19:37   Comments (0)   510
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