New builds in Kazakhstan
Location, climate, and economy
Kazakhstan (Republic of Kazakhstan) is one of the countries located in Central Asia. It is the ninth largest country in the world and the largest landlocked country. In the north and west it borders with Russia, in the east - with China, in the south - with Kyrgyzstan, Uzbekistan and Turkmenistan. In the southwest it is bordered by the waters of the Caspian Sea.
The climate of the country is sharply continental and dry. The average temperature in January is from -18°C in the north to -3°C in the south; the average temperature in July is from 19°C in the north to 29°C in the south.
Kazakhstan is the most developed country in Central Asia, it is an agro-industrial country with a developed mining sector. Main industries: mining (oil, coal, manganese, zinc, copper, titanium, bauxite, gold, silver, sulfur, iron), ferrous and non-ferrous metallurgy, chemical, light, food and machine building. Oil refining and the production of building materials are also developed.
Market of new builds in Kazakhstan
The market of new builds for sale in Kazakhstan is seeing an increase in housing prices and investment in construction, with a slight increase in the volume of commissioning. It should be noted that an important factor in the growth of demand is the investor's interest in purchasing housing for the purpose of renting against the backdrop of a significant increase in its value.
The demand for residential complexes in Kazakhstan with the closest possible commissioning period and for finished projects in pre-finishing has grown. The most popular are one-, two-room apartments with an area of just over 60 square meters in residential complexes of comfort class.
Developers, in turn, introduce loyal sales schemes in the form of promotions, discounts, sales, installments, and participate in profitable mortgage programs. This means that buying an apartment in a new build for sale in Kazakhstan right now is a profitable investment. This is confirmed by the fact that the country is experiencing a trend towards urbanization, which, according to experts, will continue in the coming years. So the demand for purchasing square meters will remain high.
Real estate prices in Kazakhstan in new homes
Real estate experts note that the market of new homes in Kazakhstan, after an increase in the cost per square meter since the beginning of the year, is currently at the stage of stagnation, which was affected by inflation, devaluation processes, problems with the purchase of imported building materials, lack of affordable mortgages for the population, the introduction of restrictions on development in Almaty and Astana due to problems with infrastructure networks. These factors directly affect the formation of the cost of housing, which forced developers to raise prices. The cost of real estate in Kazakhstan varies significantly depending on the city, the condition of the object, the availability of infrastructure and location.
In Kazakhstan, the market for new developments is most represented in 2 cities: the capital of Kazakhstan - Astana and the "southern capital" - Almaty.
Over the past year, there has been an increase in the average cost of real estate from developers: Astana - by 5.9%, Almaty - by 14.6%. Thus, the average cost of apartments in new homes for sale in Kazakhstan (per square meter) is:
- Astana - 800 USD;
- Almaty - 1,100 USD.
Real estate in Kazakhstan in new homes (types)
Potential investors can choose the following types of real estate in a new build:
- residential (apartments, flats, townhouses, private houses, etc.);
- commercial (offices, commercial real estate, hotel business, restaurants, cafes, etc.).
How to buy an apartment from a developer in Kazakhstan: the nuances of investing
In accordance with the legislation of the country, a foreigner who wants to buy an apartment in Kazakhstan in a new build for sale must obtain a residence permit. Only after obtaining a residence permit, non-citizens have the right to purchase property from a developer in Kazakhstan.
We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of an apartment according to the individual parameters of the client. The purchase and sale of new developments in Kazakhstan is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.
Purchasing apartments from a developer in Kazakhstan is a profitable investment that guarantees a stable income and the opportunity to live in a country with a developing economy.