{"id":19574,"date":"2026-04-20T15:38:36","date_gmt":"2026-04-20T10:38:36","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/investments-in-housing-in-tashkent-yielded-14-6-per-annum\/"},"modified":"2026-04-20T15:38:36","modified_gmt":"2026-04-20T10:38:36","slug":"investments-in-housing-in-tashkent-yielded-14-6-per-annum","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/investments-in-housing-in-tashkent-yielded-14-6-per-annum\/","title":{"rendered":"Investments in housing in Tashkent yielded 14.6% per annum"},"content":{"rendered":"<h3>Why is this important<\/h3>\n<p>The data show how the attractiveness of real estate investments is changing compared to alternative instruments. A significant increase in returns alongside a widening dispersion across districts indicates that the market is becoming less homogeneous and requires a more targeted approach. For investors, this directly affects the choice of location and type of housing.  <\/p>\n<h3>What happened<\/h3>\n<ul>\n<li>Institute for Macroeconomic and Regional Studies <a href=\"https:\/\/nova24.uz\/uzbekistan\/stoit-li-uzbekistanczam-investirovat-v-zhile-v-mnogoetazhkah\/\">analyzed<\/a> the returns on investments in multi-apartment housing in Tashkent.<\/li>\n<li>By the end of March 2026, an increase in overall returns was recorded amid declining rental yields and rising housing prices.<\/li>\n<li>\u0422\u0430\u043a\u0436\u0435 \u0432\u044b\u044f\u0432\u043b\u0435\u043d\u044b \u0437\u043d\u0430\u0447\u0438\u0442\u0435\u043b\u044c\u043d\u044b\u0435 \u0440\u0430\u0437\u043b\u0438\u0447\u0438\u044f \u043f\u043e \u0440\u0430\u0439\u043e\u043d\u0430\u043c \u0438 \u0442\u0438\u043f\u0430\u043c \u043a\u0432\u0430\u0440\u0442\u0438\u0440.<\/li>\n<\/ul>\n<h3>Numbers and facts<\/h3>\n<ul>\n<li>In March 2026, the return on housing investments in Tashkent reached 14.6%, compared to 6.2% a year earlier.<\/li>\n<li>Average rental income decreased from 8.7% to 8.0%, while average housing prices rose by 6.6%.<\/li>\n<li>\u041f\u043e 1-\u043a\u043e\u043c\u043d\u0430\u0442\u043d\u044b\u043c \u043a\u0432\u0430\u0440\u0442\u0438\u0440\u0430\u043c \u043c\u0430\u043a\u0441\u0438\u043c\u0430\u043b\u044c\u043d\u0430\u044f \u0434\u043e\u0445\u043e\u0434\u043d\u043e\u0441\u0442\u044c \u0437\u0430\u0444\u0438\u043a\u0441\u0438\u0440\u043e\u0432\u0430\u043d\u0430 \u0432 \u041c\u0438\u0440\u0430\u0431\u0430\u0434\u0441\u043a\u043e\u043c \u0440\u0430\u0439\u043e\u043d\u0435 \u2014 <strong>50,0%<\/strong> (1,0% \u0433\u043e\u0434\u043e\u043c \u0440\u0430\u043d\u0435\u0435) \u0438 \u0432 \u0411\u0435\u043a\u0442\u0435\u043c\u0438\u0440\u0441\u043a\u043e\u043c \u2014 <strong>19,3%<\/strong> (<strong>22,8%<\/strong>).<\/li>\n<li>For two-room apartments, returns were 24.8% (0.5%) in Yunusabad district and 13.0% (16.5%) in Yakkasaray district.<\/li>\n<li>For three-room apartments, returns were 12.9% (9.5%) in Mirabad district and 3.8% (8.7%) in Chilanzar district.<\/li>\n<li>For four-room apartments, returns were 18.5% (12.2%) in Yakkasaray district and \u221214.1% (4.3%) in Bektemir district.<\/li>\n<li>The average deviation in returns across districts increased from 2.8% to 5.5%, price deviation from 2.8% to 5.4%, and differences in rental rates rose from 0.4% to 0.6%.<\/li>\n<li>Annual returns from housing resale averaged 6.6%, including 16.6% in Mirabad district, 12.4% in Yakkasaray, 3.1% in Yashnabad, 1.9% in Chilanzar, and 0.8% in Bektemir.<\/li>\n<li>The average rental yield stood at 8.0%, with the highest figures recorded in Shaykhantakhur district \u2014 9.1% and Yashnabad district \u2014 8.4%.<\/li>\n<li>By apartment type, returns were as follows: one-room \u2014 29.8% (9.3%), two-room \u2014 17.4% (4.8%), three-room \u2014 8.7% (6.2%), and four-room \u2014 2.4% (4.4%).<\/li>\n<li>The average interest rate on foreign currency deposits was approximately 4.9%, while deposits in the national currency offered around 21.2%.<\/li>\n<\/ul>\n<p>Context<\/p>\n<ul>\n<li>For investors, real estate remains a competitive alternative to foreign currency deposits, but it lags behind deposits in the national currency in terms of returns.<\/li>\n<li>The widening dispersion of indicators across districts implies increased risks in property selection and the need for more precise evaluation.<\/li>\n<li>The greatest potential remains in smaller apartments, while larger properties demonstrate lower profitability.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Profitability has more than doubled, but differences between districts have intensified.<\/p>\n","protected":false},"author":7,"featured_media":16474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/frank.uz\/wp-content\/uploads\/2026\/04\/69e6057cd0052.jpg","width":1200,"height":630,"template":"2bf59057","mode":"auto"},"_sharing_image_fieldset":{"Dv78f24rp1hU":16474,"YlB8HH34jIzY":"Investments in housing in Tashkent yielded 14.6% per annum"},"pin_until":"","footnotes":""},"categories":[2061],"tags":[2143,2466,2543,2153],"class_list":["post-19574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-investments","tag-lease","tag-property","tag-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Investments in housing in Tashkent yielded 14.6% per annum &#8212; 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