Housing Sector of Uzbekistan
The housing sector of Uzbekistan has implemented the Uzbek model of development and reforming the economy, which is based on the following five principles:
- Government as a main reformer;
- Priority of economy over politics;
- The rule of law;
- A strong social policy;
- Consistent and gradual transition to market relations.
As a result, Uzbekistan has managed to achieve sustainable socio-economic development.
Since 2005, the country’s economy has demonstrated high and sustainable economic growth at 7-9% per year as a result of deepening economic reforms aimed at creating a favorable business environment, modernization, and technical and technological renewal of industry.
Despite the continuing global financial and economic crisis, Uzbekistan holds a leading position in the world in terms of economic growth (at least 8.0% per year). GDP has increased by 1.8 times during 2005-2012..
Also read: Housing in Kazakhstan and Uzbekistan today and in the future