️ President Shavkat Mirziyoyev of Uzbekistan has approved a series of measures aimed at accelerating housing provision for the population and efficiently organizing the construction of multi-apartment buildings. These initiatives form the basis of a large-scale reform to improve housing conditions in the country, though their implementation may face challenges related to bureaucratic hurdles and economic constraints.
️ According to the presidential decree, the number of offerings on the multi-apartment housing market will be increased, while the investment-construction cycle, including land allocation and permit processes, will be reduced by one and a half times. In Karakalpakstan and the regions, new territories meeting established criteria will receive the status of “New Uzbekistan” arrays, enabling the application of existing procedures and funding sources to them.
️ In developing the infrastructure of such arrays, plans include the use of renewable energy sources, energy-saving technologies, and the creation of a “green” transport environment. Additionally, the mortgage lending system is being improved: based on the experience of joint-stock companies Toshkent Invest kompaniyasi and Samarqand Invest kompaniyasi, new investment companies will be established to serve as intermediaries between entrepreneurs and state bodies, ensuring business-government interaction in the housing construction sector.
️ Under the program for providing housing to the population through mortgage loans based on market principles, the process of assessing citizens’ compliance with social criteria for receiving subsidies will be fully automated via the subsidiya.idm.uz system, eliminating human factor influence. Starting April 1, 2026, mortgage loans funded by budget resources will be provided to citizens with official income, as well as self-employed individuals voluntarily paying social tax.
️ In 2026, loans will be available to those who have paid taxes for the past year, in 2027—for two years, and from 2028—for three years. It is recalled that Uzbekistan is introducing a preferential mortgage at 14% for young families, but the long-term economic impact and practical effectiveness of these measures remain uncertain, given potential risks of budget strain and implementation uncertainties.
Source: podrobno.uz