Economics
Escrow system may push up housing prices in Uzbekistan – Justice Ministry
The Ministry of Justice has acknowledged that introducing escrow accounts for shared-equity housing projects could lead to higher housing prices in Uzbekistan, arguing that the reform is necessary to better protect homebuyers' funds.
Uzbekistan's Justice Ministry has indicated that an upcoming escrow system might lead to an increase in housing prices. This observation was shared by Jamshid Mirzayev, who heads the Ministry's Economic
escrow systemhousing pricesconstruction costsdeveloper financingbuyer protectionhousing legislationjustice ministryuzbekistan