Tag Archives: real estate

New property valuation does not increase taxes yet: what else the National Center explained

After the publication of an article about the new mass appraisal of real estate in Tashkent, the National Center for Mass Valuation of Real Estate under the Cadastre Agency held a briefing where its director, Mukhiddin Kholmurodov, answered questions raised by property owners. What does the “Agree” button actually mean? Can owners seek a higher …

Your property has been revalued in Uzbekistan. Should you agree with the new value and what happens next?

Property owners in Uzbekistan have discovered new values assigned to their homes. The new figures are often several times higher than the previous cadastral values, and the my.gov.uz website now asks owners whether they agree with the valuation or not. Here is what is currently known — and what remains unanswered. What the National Center …

Renovation, Uzbek-style: what the law promises property owners and what it leaves unsaid

Uzbekistan has adopted the law “On Urban Development Renovation,” which is intended to define the procedure for renewing the old housing stock. Authorities say the program will allow the replacement of dilapidated and outdated buildings with modern housing, improve infrastructure, and raise the quality of the urban environment. However, for thousands of property owners the …

Housing renovation law in Uzbekistan: up to 17,000 pre-1991 buildings may be replaced with new housing

President Shavkat Mirziyoyev reviewed a presentation of proposals aimed at improving urbanization and upgrading urban development policy. Among the initiatives, particular attention was given to the country’s first law on urban renovation. According to the presentation materials, authorities are considering the renewal of outdated housing stock. It was noted that instead of 17,000 buildings constructed …