Buying an apartment in Uzbekistan takes nearly 17 years of savings, study finds

Uzbekistan ranks as the most challenging country in Central Asia for buying an apartment based on the time required to save for a home, according to new figures released by the Geostatistika analytical portal.

Photo: KUN.UZ

The study estimates that the average Uzbek resident would need 16 years and 9 months of continuous savings to afford a standard apartment. This is the longest saving period in the region and nearly twice as long as in Kazakhstan, where residents can reach the same goal in 7 years and 8 months.

Based on an average monthly salary of $482, Geostatistika calculates the typical apartment price at roughly $96,800 in Uzbekistan. For comparison, residents of Kyrgyzstan would need around 13 years and 6 months to save for a home, while those in Tajikistan would require approximately 15 years and 9 months.

The researchers did not specify the size or technical characteristics of the apartments used in their calculations. However, they attributed the sharp differences in saving periods across the region to a combination of uneven wage levels and significant disparities in housing prices per square meter.