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Purchase prices for new housing increase in Kazakhstan

Finance Materials 12 January 2022 14:05 (UTC +04:00)
Purchase prices for new housing increase in Kazakhstan

BAKU, Azerbaijan, January 12

By Nargiz Sadikhova - Trend:

The cost of one square meter of new housing in Kazakhstan amounted to 361,269 tenge (approximately $836) in December 2021, which is 1.8 percent more than in November 2021 and 16.6 percent more than in December 2020, Trend reports with reference to the data of the Committee of Statistics of Kazakhstan.

The cost of resale of ready housing equaled 290,042 tenge (approximately $671) per square meter, which is 2.7 percent more than in November 2021 and 24.3 percent more than in December 2020.

Rent of one square meter of comfortable housing increased by 0.8 percent compared to November 2021 and amounted to 1,928 tenge (approximately $4.4).

Over the years of independence, over 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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Follow the author on Twitter: @nargiz_sadikh

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