The market in Uzbekistan is a relatively young one, and property buying has not really taken off until recently – the government implementing favourable tax rates for foreign investors and making mortgages available in the last few years has seen the market pick up pace after stagnating for a while. Prices for property are expected to begin rising at a faster rate with each coming year, so much so that possible doubling value in as little as five years is predicted by some parts – the off plan investor could do a lot worse than looking to Uzbekistan.

The market in Tashkent is not actually the most popular in the country, though prices are higher than in most other towns and cities in the country – values have been rising over the last few years and supply far outstrips demand, meaning it is a buyers’ market. Samarkand is very popular with investors, thanks to the beauty of the city, and prices in the region have also seen a sharp increase in recent years.

Whilst the market is quite young, it is well on the way to becoming quite an economic force for the nation and major foreign investment is starting to take hold, albeit slowly. Costs for city centre properties are a lot lower in Tashkent than they are in most neighbouring countries, especially Kazakhstan, and there is definite potential for capital appreciation.