Measures to Protect Real Estate Buyers (Investors) in Uzbekistan
Uzbekistan has enhanced the protection of real estate buyers through new legislative measures aimed at improving transaction transparency, increasing developer accountability, and improving housing affordability.
In 2024, a number of regulatory acts were adopted to govern the mechanism of shared-equity construction and financing of residential complexes. Under the new rules, developers are required to register projects in the state register and provide guarantees for project completion, thereby reducing the risks of construction delays and protecting the interests of investors. In addition, new requirements have been introduced for the execution of sale and purchase agreements: such transactions must now be concluded exclusively through notaries or electronic platforms, which helps prevent fraud and the double sale of properties.
Furthermore, the state has introduced subsidies for mortgage loans, making housing more affordable for citizens. Buyers who meet certain eligibility criteria may qualify for government support to cover initial down payments or receive reduced interest rates on loans. The state has also implemented monitoring mechanisms to ensure the targeted use of funds raised from citizens, thus preventing financial malpractice by developers.
These reforms aim to create a more stable real estate market, safeguard buyer rights, and foster favourable conditions for investment in housing.
Authors: Nilufar Mirjalilova, Dilmira Tolmasova
Prepared by REVERA’s partners in Uzbekistan – Azimut.
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