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Renting an apartment in Tashkent has become more affordable, according to recent statistics.

Five areas have been identified where rental prices have significantly decreased.
Renting an apartment in Tashkent has become more affordable, according to recent statistics.

In Tashkent, rental prices have decreased, according to data from the CEIR.

Specifically, in November 2024, the average rental cost was $8.3 per square meter. Notably, experts observed a decline in rental rates in five districts of the capital.

The most significant price drop occurred in the Sergeli and Uchtepa districts, averaging a decrease of 4.5%. In the central areas of the city, such as Mirabad, Shayhantahur, and Yakkasaray, prices remained stable, holding steady at 10-11 dollars per square meter.

From January to November 2024, rental costs fell by 10.7%, with the largest decreases in the Uchtepa district at 14.5%, Yashnabad at 14.3%, and Yunusabad at 13.8%.

The number of purchase and sale transactions across Uzbekistan increased by 2.5%. In November, the total reached 21,900. Over the year, this figure grew by 0.8%. Among the regions, Khorezm was the leader in the number of such transactions, with a 15.6% rise, followed by Bukhara with a 6.2% increase.

Tashkent continues to dominate the market, accounting for approximately 30% of all transactions. In the capital, market activity rose by 9.3% in November.

It was previously reported that housing prices in the secondary market in Uzbekistan have increased. From January to November 2024, real estate prices rose by 6.2%.