ANALYSIS OF THE HOUSING PRICE BUBBLE INDEX AND SUB-INDICES IN UZBEKISTAN

This study analyzes the housing price bubble index and its sub-indices in Uzbekistan, a developing country with a rapidly growing real estate market. The research aims to identify potential housing price bubbles and their key drivers in Uzbekistan’s specific context.The study was conducted using extensive data on various economic indicators related to the housing market, including housing prices, construction costs, interest rates and income levels. By analyzing the housing price bubble index and its sub-indices, the study provides a clear understanding of the factors contributing to potential price deviations from fundamental values.The findings of this study will be crucial for policymakers, investors, and homebuyers in Uzbekistan. By understanding the dynamics of housing price bubbles, stakeholders can make more informed decisions regarding housing policies, investment strategies, and homeownership choices. This research is a scholarly resource on housing market dynamics in developing countries and provides valuable insights into the unique challenges and opportunities presented by Uzbekistan's emerging real estate sector