Escrow accounts in Tashkent: what they are and how they work in 2026

Starting in 2026, the real estate market in Uzbekistan is moving to a new payment system via escrow accounts. Let’s look at how it works and why it benefits buyers. Article In 2026, Tashkent’s real estate market is undergoing one of its most important transformations in recent years: the introduction of the escrow account system. An escrow account: is a special bank account where the buyer’s money is temporarily held until the transaction is completed. The key difference from the old system is that the money is not transferred directly to the seller or developer.

The scheme now looks like this: The buyer deposits the money with the bank The funds are blocked in the escrow account The notary verifies the availability of the funds The transaction is formalized Only after that is the money transferred to the seller From April 1, 2026, such settlements become mandatory for real estate transactions. Why it matters

The main goal: security: The buyer is protected from fraud The seller is guaranteed to receive the money The transaction is carried out transparently through the bank This is especially important for new-build projects. The developer receives the money only after construction is completed, which reduces the risk of long-delayed projects. How much does it cost

Bank fees are capped by the state: up to 206 000 soums for real estate transactions Conclusion

Escrow is the market’s transition to a civilized model: fewer risks, more control and trust.