Macroregional Context

PARTNER'S ADVERTISINGspot_img

LATEST MARKET STUDY

spot_img

Uzbek officials tasked with increasing new housing construction volume by 1.5 times

The President of Uzbekistan has set a task for officials to increase the volume of new housing construction by 1.5 times by 2023.

The state program, which involves the construction of 31 new residential districts, was launched in 2022. However, at the moment, the project is successfully being implemented only in the Andijan and Khorezm regions. In some regions, there are delays in commissioning a certain part of the housing – from 14 to 80 high-rise buildings. In the Bukhara, Kashkadarya, Syrdarya, Surkhandarya, Navoi and Samarkand regions, not a single house has been commissioned. Shavkat Mirziyoyev criticized the work of the hokims in these regions and gave them a month to rectify the situation.

New measures to support citizens in obtaining mortgage loans and subsidies have also been announced. Thus, from May 1, even citizens with insufficient official income will be able to take out a loan to purchase real estate.

Related Articles

Uzbekistan housing price map reshapes prospects for construction and urban investment

Uzbekistan has received its first detailed map of housing prices, opening a new window for developers, investors and urban planners who want to understand...

Vietnamese ROX group to drive new urban and tourism projects in Uzbekistan

Vietnamese investment group ROX Group is entering a new phase of partnership with Uzbekistan, with large-scale projects planned in real estate, energy, financial services...

Uzbekistan charts new investment and urban renewal strategy for Tashkent

Uzbekistan is turning its capital Tashkent into a laboratory for new urban economics, launching a broad program that ties district specialization, large-scale investment, logistics...