Roundtable discussion held on recent trends in the real estate market

For the first time, the Central Bank of Uzbekistan (CBU) took a proactive step — initiating an open roundtable discussion with real estate market representatives to discuss the current state of the real estate market, recent trends, and future development prospects. Suggestions and perspectives of the participants on relevant issues have been collected and reviewed.

In particular, special attention was given to the following areas:

• changes in real estate prices and their factors;
• the balance between supply and demand in the market;
• the impact of mortgage lending and interest rates on the market;
• enhancing market transparency and information disclosure;
• the functioning mechanism of the escrow system and the preliminary results;
• issues related to managing risks in the real estate sector.