BAKU, Azerbaijan, June 11. The cost of one square meter of new housing in Kazakhstan amounted to 419,277 tenge (approximately $968) in May 2022, which is 10.8 percent more than in December 2021 and 19.3 percent more than in May 2021, Trend reports with reference to the data of the Committee of Statistics of Kazakhstan.
The cost of resale of ready housing equaled 463,764 tenge (approximately $1,071) per square meter, which is 16.6 percent more than in December 2021 and 27.9 percent more than in May 2021.
Rent of one square meter of comfortable housing increased by 11.8 percent compared to December 2021 and amounted to 3,606 tenge (approximately $8.3).
The increase in housing prices has been observed for the fifth year in a row in Kazakhstan.
The price reduction was only reported in 2016 when new housing decreased in price by 3.6 percent, in 2017 the price per square meter of the secondary market decreased by 1.6 percent.
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