BAKU, Azerbaijan, June 14. A total of 69,778
purchase and sale agreements for real estate and vehicles were
processed or remained in progress through escrow accounts in
Uzbekistan from April 1 through June 4.
The data obtained by Trend from the country's Central Bank indicates that
40,545 transactions involved motor vehicles, while 29,233 were
related to real estate purchases and sales.
During the reporting period, 67,276 contracts were fully
processed, while 2,502 remained in progress.
By region, the highest activity was recorded in Tashkent city,
with 19,747 transactions, followed by Fergana region with 6,765 and
Samarkand region with 6,102 agreements.
According to the information, the escrow mechanism enhances the
security, transparency, and reliability of financial settlements in
property and vehicle transactions by ensuring that funds are
transferred only after contractual obligations are fulfilled.
The system is part of broader efforts to modernize transaction
procedures and strengthen trust in real estate and vehicle sales
across Uzbekistan.
