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Primary housing prices rise in Kazakhstan

Kazakhstan Materials 12 May 2024 06:21 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, May 12. Housing prices in Kazakhstan's primary market grew by 1.6 percent in April 2024 compared to April 2023, Trend reports.

As the country's Bureau of National Statistics notes, secondary market apartment prices rose by 0.1 percent during the same time period.

Furthermore, the rent for comfortable housing in April 2024 has risen by 3.1 percent from the same month last year.

Regionally, primary housing prices in annual terms increased significantly in the cities of Aktobe by 9.5 percent and Kyzylorda by 7.1 percent.

While Zhezkazgan (23.4 percent), Karaganda (23 percent), and Atyrau (21 percent) led price rises in the rental housing market, Atyrau (12.2 percent) and Zhezkazgan (7.1 percent) led price increases in the secondary housing market.

At the same time, over the month (April 2024 compared to March 2024), prices for the resale of apartments increased by 1 percent, and prices for the sale of new housing decreased by 0.4 percent. In April, rents for comfortable housing increased by 0.3 percent compared to the previous month.

In March, primary market housing prices increased by 1.3 percent, while secondary market flats decreased by 2.3 percent.

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