Why is this important
A decrease in the largest market segment signals demand cooling. Tashkent sets a trend: falling prices in the capital could influence investment activity. Despite the monthly decline, the annual trend remains positive, indicating long-term market stability.
What happened
- transactions in the real estate market in August: -4.6% per month, but +13% per year;
- leaders in the number of transactions: Syrdarya, Khorezm, Surkhandarya;
- prices for secondary housing across the country: +1% per month, +4% per year;
- in Tashkent: -2.3% per month, +0.2% per year;
- rent in the capital: an average of $8 per sq.m., in the Mirobod, Shaykhantakhur, Yakkasaray districts — $10.3 per sq.m.
Context
- After active growth in 2023-2024, the market is slowing down: the increase in loan rates and the rise in construction material prices are putting pressure on demand.
- The rental market remains steady, but the costly districts of the capital widen the divide between the centre and the periphery.
- Experts note that by the end of 2025, the market may show diverse dynamics: stabilization in the regions and price pressure in Tashkent.
