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Number of new apartments up by 8.7%

(+6%) Housing Commissioning • UZB • Jan-Jun 2022/21

From January to June 2022 commissioning of residential buildings in Uzbekistan reached 6.47 million square meters of total floor space. This represents a 6.4% increase to the corresponding period of the previous year.

The number of commissioned apartments across Uzbekistan is up by 8.7%, reaching 34.9 thousand since the start of the year.

Housing construction is considered as major driver of pent-up demand for furniture in a medium to longer term, while growing volumes of mortgage lending in Uzbekistan expand the circle of property buyers and shorten the path of consumers to purchase furniture after buying a new house or apartment.

The data provided here is a preliminary estimate made by The State Committee of the Republic of Uzbekistan on Statistics are subject to change later on. This preliminary estimate is subject to change once the final annual report is ready and published by Uzstat. The updated numbers and most actual data shall be included into our extended Market Reports.

SourceUzstat

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