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Home Central Asia

Uzbekistan faces housing affordability challenges as market prices outpace income growth

NEWSROOM by NEWSROOM
June 13, 2024
in Central Asia, Sports
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According to assessments, the average market price for housing in the real estate market in 2023 was 24% higher than the actual value. The main reason for this was the imbalance between demand and supply.

Фото: Kun.uz

In recent years, the nature of real estate acquisitions in Uzbekistan has changed from meeting primary needs to investment purposes. This shift was discussed in the Central Bank’s financial stability review for 2023.

The regulator believes that the real estate market is still experiencing an overvaluation of housing…



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