Uzbekistan mortgage lending rises 39 percent in nine months

Uzbekistan issued 20.9 trillion soums in mortgage loans to citizens between January and September 2026.

The Ministry of Economy and Finance reported that this figure represents a 39 percent increase compared to the same period in 2025. This lending reached 91 percent of the government's annual target of 23 trillion soums. The state budget provided 12.8 trillion soums for these loans, while commercial banks and the Uzbekistan Mortgage Refinancing Company provided the remaining amounts.

Most of the financing went toward the primary housing market, which received 15.5 trillion soums. Lending for the secondary housing market also grew by 28 percent over the previous year. The government paid out 1,208.1 billion soums in mortgage subsidies by October 1, 2026. Most of this money compensated borrowers for interest payments, while a smaller portion helped 13,722 citizens cover down payments on their homes.