How much do apartments cost in Tashkent: prices differ by almost 8 times

The National Center for Mass Real Estate Valuation analyzed data from electronic trading platforms. It was found that apartment prices between central districts of Tashkent and the outskirts differ by almost eight times. At the same time, it should be taken into account that the figures reflect market participants’ expectations rather than completed purchase and sale transactions, the UZA portal explains.

Apartment prices in Tashkent by district

In June 2026, the cost of housing in apartment buildings in Tashkent ranged from 7 million to 57 million UZS ($583–4,750) per sq. m. For the minimum amount, a 2-room apartment can be purchased in the Sergeli district. In the Bektemir and Yangihayot districts, the price per square meter of 3- and 4-room apartments is only slightly higher — 8 million UZS ($666). In the Bektemir district, affordable 1-room apartments were also offered — at 9 million UZS ($750) per sq. m.

The most expensive housing is in the Shaykhantakhur district, where prices vary depending on the number of rooms:

1 — 50 million UZS ($4,160);
2 — 57 million UZS ($4,750);
3–4 — 42 million UZS ($3,500).

The results of the analysis show that the price gap between central districts of Tashkent and its outskirts remains significant. Analysts believe this factor is important for buyers and investors when assessing the current situation in the real estate market.

Spring trends in Tashkent’s real estate market

In March, the housing market in Uzbekistan saw a record surge in activity, which then shifted into a calmer phase. In May, the average price per square meter in the secondary market in Tashkent reached $1,150, which is 8.5% higher than a year earlier, according to the Center for Economic Research and Reforms (CERR). New-build properties increased in price by 8.8%.

The study covered completed transactions. It was noted that the most expensive housing was sold in the Mirabad district: $1,450–1,600 per sq. m in the secondary market, and $2,100–2,350 in comfort- and business-class new builds. High prices also persisted in the Yakkasaray district: $1,300–1,450 and $1,750–1,950 respectively.

In the Yunusabad district, the price per square meter in the secondary market was $1,050–1,180, and $1,350–1,650 in new builds. In Mirzo-Ulugbek, prices ranged from $1,100–1,250 to $1,400–1,750. One of the most affordable among popular districts is Chilanzar, where secondary housing was offered at $950–1,080 per sq. m, and new builds at $1,200–1,450.

Rental rates in Tashkent also increased — by 10.8% year-on-year, reaching $8.9 per sq. m. The most significant growth was recorded in the Yashnabad district — 18.9%.

Economy and politics of Uzbekistan

Impact of real estate reforms

After the introduction of mandatory escrow accounts, the market became more transparent, and buyers increasingly choose districts outside the city center. High prices in prestigious locations are driving demand in the Yunusabad, Almazar, and Chilanzar districts, where transport infrastructure is developing and new metro stations are opening.

At the same time, the new construction financing rules have reduced risks for buyers of properties under construction. The use of escrow accounts has limited developers who previously relied entirely on funds from equity holders, although the launch of the most affordable projects has slightly decreased.

Uzbekistan GDP and key interest rate

The IMF forecasts Uzbekistan’s GDP growth at 6.8% in 2026. Inflation is estimated at 5.5% and is gradually declining, while the budget and external accounts are strengthening. At the same time, there is a risk of overheating due to strong domestic demand. Economists emphasize the importance of maintaining macroeconomic stability and accelerating structural reforms.

The key interest rate remains at 14%, reflecting a tight monetary policy aimed at curbing inflation. Credit resources remain limited, which affects activity in the real estate sector.

Features of the regime

International experts’ reports note criminal cases against bloggers and activists, prosecution for statements on social media, as well as cases of forced psychiatric hospitalization, which illustrates an additional dimension of developments in Uzbekistan.

What this means for investors

Analysts at International Investment note that changes in Uzbekistan’s real estate market have reduced economic risks for buyers and investors. Returns on some types of real estate can be quite high, although average yields have decreased from 8.7% to 8%. At the same time, the investment environment remains sensitive to a combination of macroeconomic conditions and institutional characteristics of the country.