At an open dialogue on the mortgage market and housing subsidies, the Uzbekistan Ministry of Finance outlined the main parameters of the 2026 housing provision programme. The programme envisages UZS 23 trillion of mortgage resources, with more than 73,000 families expected to obtain new homes, alongside higher mortgage loan caps, an expanded subsidy framework and new instruments to support down payment formation and broader access to credit. Planned 2026 funding is split between UZS 12.3 trillion from the state budget, UZS 7.7 trillion from commercial banks and UZS 3 trillion from the Mortgage Refinancing Company. Mortgage lending from all sources reached UZS 21.2 trillion in 2025. Maximum mortgage amounts have been raised to UZS 480 million in Tashkent city and UZS 380 million in other regions. Existing subsidies include up to UZS 30 million toward the down payment for lower income borrowers, while the state covers the portion of interest above the Central Bank base rate during the first five years. From 2026, teachers with the highest qualification category and at least 15 years of service are eligible for a new subsidy covering 25 percent of the down payment, with up to UZS 200 billion a year allocated from the state budget. Applications for mortgage subsidies are now fully digitised through the subsidiya.idm.uz platform, including automated eligibility assessment without human intervention. From 1 July 2026, a pilot targeted mortgage savings mechanism is planned to help households accumulate a down payment, and a mortgage guarantee fund is envisaged to widen access to mortgage credit, reduce commercial banks’ risks and support new mortgage products.

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