According to the Central Bank, commercial banks in Uzbekistan issued mortgage loans worth 21.2 trillion soums in 2025, a 24% increase compared to 2024. Of these, 72% were allocated for purchasing housing on the primary market.

The total outstanding mortgage portfolio reached 79.4 trillion soums, an 8.2-fold increase from 2017. Meanwhile, the share of borrowers making a down payment of over 50% rose by 22%.

Housing construction also grew: 135,000 apartments were built and commissioned, 35,000 more than the previous year. Amid increased supply, housing price indices fell: by 4.4% on the primary market and 5.9% on the secondary market.

In Tashkent, the average price per square meter of housing was 14.9 million soums, while the average monthly salary reached 10.7 million soums. The ratio of price per square meter to salary decreased from 1.77 in 2024 to 1.38 in 2025.

Borrowers significantly increased mortgage repayments: 9.4 trillion soums were repaid according to schedule, 3.2 times more than in previous periods.

Authorities have set long-term goals for the sector: by 2040, annual housing construction is planned to reach 421,000 units, and the total mortgage portfolio is targeted to hit $56.7 billion.

Source: kun.uz