Escrow Accounts in Tashkent: What They Are and How They Work in 2026

In 2026, Tashkent’s real estate market is undergoing one of the 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 funds are not transferred directly to the seller or the developer.

The process now looks like this: - The buyer deposits the money with the bank

• The funds are blocked in the escrow account
• A notary verifies that the funds are available
• The transaction is executed
• Only then 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 is security: - The buyer is protected from fraud

• The seller is guaranteed to receive the money
• The transaction is processed transparently through the bank This is especially important for new buildings. The developer receives the money only after construction is completed, which reduces the risk of long-delayed projects.

How much it costs

Bank fees are capped by the state: - up to 206,000 UZS for real estate transactions

Conclusion

Escrow is the market’s shift to a more civilized model: less risk, more control, and greater trust.