Banks in Uzbekistan issued 18.3 trillion UZS in mortgage loans in January–August 2026, up 4.9 trillion UZS from the same period in 2025.
Nearly 60,000 people took out mortgages, averaging 309 million UZS per borrower. Interest rates varied by funding source: loans backed by the state budget carried an average rate of 16.9%, those financed through the Mortgage Refinancing Company stood at 21.6%, and bank-funded loans averaged 20.7%.
Tashkent accounted for the largest share of lending at 5.59 trillion UZS, or nearly a third of the total. The Andijan region received 1.6 trillion UZS, the Kashkadarya region drew 1.3 trillion, and the Fergana region took 1.26 trillion. The Syrdarya region received the least, at 497 billion UZS.
Borrowers used 74% of the funds to purchase primary market housing, with the remaining 26% going to the secondary market. Most borrowers (64%) were between 31 and 50 years old, while 26% were aged 18 to 30.