IMPROVING THE MECHANISMS OF SHARED HOUSING CONSTRUCTION THROUGH THE INTRODUCTION OF ESCROW ACCOUNTS IN UZBEKISTAN

Abstract

The introduction of escrow accounts in Uzbekistan’s shared housing construction marks a major step toward increasing transparency, investor protection, and financial discipline in the real-estate sector. This thesis examines the essence, objectives, and potential impacts of Presidential Decree PF-11 (January 27, 2025), which regulates the transition to escrow-based project financing mechanisms for housing construction. Using international comparison and analytical review, the study identifies global best practices in project financing, evaluates their adaptation to the Uzbek context, and proposes recommendations for effective policy implementation.