Uzbekistan Real Estate Analytics

Property market metrics including price-to-income ratio, rental yields, and price trends

Price to Income

12.6x

Ratio of property prices to annual income

Rental Yield

9.2%

Average annual rental return

Price to Rent

10.9

Ratio of property prices to annual rent

Price to Income Ratio

Ratio of median house price to median annual household income

Rental Yield

Annual rental income as percentage of property value

Price to Rent Ratio

Ratio of property price to annual rental income

Apartment Rent (City Centre)

Monthly rent for 1-bedroom apartment in city centre

Apartment Price (City Centre)

Price per square meter to buy apartment in city centre

Apartment Price (Outside Centre)

Price per square meter to buy apartment outside city centre

1BR Rent (Outside Centre)

Monthly rent for 1-bedroom apartment outside city centre

3BR Rent (City Centre)

Monthly rent for 3-bedroom apartment in city centre

3BR Rent (Outside Centre)

Monthly rent for 3-bedroom apartment outside city centre

Mortgage Interest Rate (20Y)

Average mortgage interest rate for 20-year fixed loan

Additional Insights

Expert analysis of Uzbekistan Real Estate trends and investment implications

Market Overview

Uzbekistan's property market presents a mixed picture for investors, with high rental yields suggesting good income potential, yet a high price-to-income ratio indicates affordability challenges. The market's current price-to-rent ratio favors buying over renting, suggesting potential for capital growth. However, careful consideration of historical price trends and potential market corrections is advised.

Key Findings

Data-driven insights

•The price-to-income ratio is 12.6, indicating that property prices are relatively high compared to average incomes, suggesting potential affordability issues.
•Gross rental yield is at 9.2%, which is attractive compared to global standards, providing a solid income stream for investors.
•The price-to-rent ratio at 10.9 suggests that buying is more economically viable than renting, supporting potential capital appreciation.
•Consistent rental yield of 9.2% reflects a stable income opportunity, particularly in comparison to local interest rates.

Market Trends

Historical patterns

•Over the 64-year period, Uzbekistan's property market has seen gradual appreciation, with notable acceleration post-2010 due to economic reforms.
•Rental yields have remained robust, often outpacing inflation and providing a hedge against currency depreciation.
•The market has experienced phases of rapid development, particularly in urban centers, reflecting increased foreign investment and infrastructure development.

For Investors

Actionable takeaways

•Investors should consider buying properties in key urban areas to capitalize on high rental yields and potential capital gains.
•Given the high price-to-income ratio, targeting properties that are undervalued or in emerging areas could mitigate affordability risks.
•With a favorable price-to-rent ratio, investors might prioritize acquisition over rental as part of a long-term investment strategy.
•Monitor economic and regulatory changes closely, as they could impact the market cycle and lead to potential corrections.

Market Context

Uzbekistan's property market is in a developmental phase, characterized by growing foreign investment and infrastructure improvements. While offering high yields, the market still faces challenges such as affordability and volatility, requiring strategic investment approaches.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.