Recent updates in Uzbekistan’s real estate sector:
- Starting July 1, 2025, escrow accounts will be introduced for shared construction. From January 1, 2026, all shared-equity construction projects will use escrow accounts.
- From July 1, 2025, developers and construction firms will be able to attract funds from equity holders only through notarized equity participation agreements.
- New electronic shared-equity construction platform will be launched, detailing information on approved design estimates, expert opinions, construction timelines, and progress updates. Additionally, MoEF will establish a Project Office to implement measures under the "Single Life Cycle of Housing" principle, involving specialists and experts on a contractual basis.
- President has instructed NAPP, the capital market regulator, to propose improvements to insurance products, addressing risks such as developers failing to complete projects. As part of these measures, mortgage-backed securities are expected to be introduced.
https://www.spot.uz/ru/2025/02/01/escrow/https://www.spot.uz/ru/2025/02/01/housing-construction/https://www.spot.uz/ru/2025/02/01/shared-construction/https://www.spot.uz/ru/2025/02/01/mortgage-security/