Uzbekistan mortgage lending up 39% to 20.9 trillion sums in nine months

Uzbekistan issued mortgage loans worth 20.9 trillion sums in January–September 2026, up 5.9 trillion sums, or 39%, from the same period last year, the Ministry of Economy and Finance reported. Some 67,598 people received mortgages, equal to 91% of the 2026 plan of 23 trillion sums.

The programme is funded by 12.2 trillion sums from the state budget, 7.8 trillion sums from commercial banks' own funds and 3 trillion sums from Mortgage Refinancing Company of Uzbekistan JSC. The state budget accounted for 61% of loans issued since the start of the year.

The primary housing market received 15.5 trillion sums, with the number of loans rising from 37,000 to 49,800. As of 1 October 2026, subsidies totalling 1,208.1 billion sums had been paid, of which 407.8 billion sums (34%) went to 13,722 citizens as down payments on homes.