BAKU, Azerbaijan, Jun.8
By Nargiz Sadikhova - Trend:
The cost of one square meter of new housing in Kazakhstan amounted to 297,775 tenge (approximately $745) in May 2020, which is 0.2 percent more than in Apr. 2020 and is 5.7 percent more than in May 2019, Trend reports with reference to the data of the Committee of Statistics of Kazakhstan.
Cost of resale of ready housing equaled 208,148 tenge (approximately $520) per square meter, which is 1 percent more than in Apr. 2020 and 7.6 percent more than in May 2019.
Furthermore, the cost of resale of housing without amenities stood at 128,730 tenge (approximately $322) per square meter in May 2020, which is 0.5 percent more than in Apr. 2020 and is 6.7 percent more than in May 2019.
Rent of one square meter of comfortable housing increased by 0.2 percent compared to Apr. 2020 having reached 1,577 tenge (approximately $3.9).
Over 28 years of independence, 141 million square meters of housing have been commissioned in Kazakhstan. A unified model of housing throughout the country is developed, where the main principle is to increase the affordability of housing, especially for socially sensitive segments of the population.
In order to improve the living conditions of the people and create affordable opportunities, the introduction of new mortgage lending programs, which further increased the availability of housing mortgages, was initiated in the country.
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