Uzbekistan Property Market for Overseas Buyers

Yes, but the route depends on your nationality. Citizens of 108 listed countries, including the UK, the US, Russia and Kazakhstan, can buy new-build property without a residence permit. Foreigners with an Uzbek residence permit can also buy resale homes. Land is not part of the new-build route.

Notary and registration fees when you buy; foreign buyers have paid a higher notary rate than citizens, so get the current figure before signing. After that, annual property tax on the cadastral value, from 0.36% a year on a home up to 200 m², and income tax on rent, 12% for residents.

On the new-build route the minimum is USD 150,000 during construction and USD 180,000 once complete in Tashkent, Tashkent region and Samarkand. Elsewhere it is USD 70,000 and USD 85,000. A separate route that supports a residence permit sets USD 300,000 for Tashkent and USD 100,000 to USD 200,000 for other regions.

Only on one route. Citizens of 111 listed countries can buy at the higher minimums, from USD 100,000 to USD 300,000 depending on the region, to support a residence permit application. The ordinary new-build route gives no immigration status, so residency stays a separate application.

We found no mortgage product aimed at overseas buyers, so plan to pay from your own funds. Property payments now go through a mandatory escrow account. Use a notary and a local lawyer to check the developer, the title and the payment route before paying.

Activity is rising, with Tashkent the largest market. Rules for foreigners change often, resale is restricted for some buyers, and exchange rates move. Capital at risk.