A new electronic system has been introduced for real estate and vehicle transactions.

The Ministry of Justice has registered a new regulation aimed at further simplifying the process of purchasing real estate and vehicles and ensuring transparency. Zamin.uz reported on this.

This document establishes the procedure for electronic data exchange between notaries and banks. According to observations, starting from April 1, 2026, the sale of real estate objects and vehicles belonging to categories M, N, O, and G that have been manufactured no more than ten years ago will be conducted through the same electronic system.

The essence of this innovation is that in the future, instead of notaries personally verifying the correctness and timeliness of financial settlements between parties, they will confirm them based on electronic data received from banks. In this process, the buyer or their representative first approaches a bank to place the agreed funds under the contract into a special escrow account.

If the payment is made from credit funds, the lending bank automatically sends an electronic notification to the notary. Notaries, in turn, will only verify the availability of funds in the escrow account via the electronic system at the time of signing the contract and then approve the document.

Thereafter, the funds are transferred to the seller's account or handed over in cash upon their request. The adoption of this system will accelerate buying and selling processes, reduce errors, and create additional opportunities for the population.