BAKU, Azerbaijan, Mar. 26
By Klavdiya Romakayeva - Trend:
The number of real estate contracts concluded in Uzbekistan in February 2021 increased by 11.5 percent, Trend reports with reference to the Center for Economic Research and Reforms (CERR).
According to the analysis on how the sales of apartments and cars in Uzbekistan, the increase in demand in the real estate and car markets was noted in January and February, which indicates a recovery in economic activity in Uzbekistan.
It is reported that during the coronavirus pandemic, economic activity plummeted amid quarantine restrictions. In particular, in April 2020, the lockdown led to a decrease in demand for real estate by 87.1 percent (94.2 percent in Tashkent and 89.8 percent in the Tashkent region) compared to the same period in 2019.
The CERR reports that in February 2021 the number of real estate contracts concluded in the country increased by 11.5 percent compared to January (by 19.7 percent compared to February 2020).
In Tashkent, which accounts for more than 30 percent of the real estate market, this figure was 10.8 percent (23.7 percent by February 2020).
As for the car market, the demand of the population in the car market during the reported period increased by three percent compared to January. However, compared to February 2020, this indicator decreased by 10.4 percent.
The CERR explains this by the fact that the Asaka plant temporarily stopped car production from January through February 2021 to carry out modernization.
In the structure of regions, the highest growth rates were observed in Andijan (37 percent), Bukhara (18.4 percent) and Kashkadarya (18 percent) regions.
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