29 May 2025
Mortgage market: current status and development trends
The mortgage market is an important indicator of the financial health and housing policy of any country. Demand for mortgage loans has been increasing in Uzbekistan in recent years. In this article, we will look at the current state of the mortgage market, key figures and trends, as well as what factors are influencing this market.
Key figures (for the year 2024):
- Average mortgage amount in Uzbekistan: 350 million soums
- Average interest rate: 17-20%
- Loan term: 15 years
- Regions with the largest number of mortgages: Tashkent city, Samarkand, Andijan
- Main lenders: National Bank, Ipoteka-bank, Xalq bank, Agrobank
Development trends:
- Subsidized programs are increasing - especially for young people and women.
- Liberalization of market rates - banks are starting to offer their own terms.
- Digital mortgage services - online submission of documents, automatic scoring systems.
Analysis and conclusion:
The mortgage market continues to grow, but high interest rates are a barrier for many. More competition and transparent government subsidies could be the solution.
