New housing sale prices increase in Kazakhstan year-on-year
BAKU, Azerbaijan, Sept.7
By Nargiz Sadikhova - Trend:
The cost of one square meter of new housing in Kazakhstan amounted to 300,385 tenges (approximately $717) in Aug. 2020, which is 5.8 percent more than in Aug. 2019 and 2.6 percent more than in Dec. 2019, Trend reports with reference to the data of the Committee of Statistics of Kazakhstan.
The cost of resale of ready housing equaled 214,884 tenges (approximately $513) per square meter, which is 8.6 percent more than in Aug. 2019 and 6.6 percent more than in Dec. 2019.
Rent of one square meter of comfortable housing increased by 5.3 percent compared to Dec. 2019 had amounted to 1,597 tenges (approximately $3.8).
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.
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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