Аlmaty, Kazakhstan. All projects

New buildings in Almaty - the right decision

Almaty on the map

Almaty is a city of republican significance and the largest settlement of the Republic of Kazakhstan, the former capital of Kazakhstan until 1997. The wide streets are designed in accordance with Soviet architectural traditions.

Almaty is located in the southeastern part of the republic, in the north of the mountain spurs of the Tien Shan, at the foot of the northern slope of the Zailiyskiy Alatau at an altitude of 600-900 m above sea level, in the valleys of the Bolshaya and Malaya Almatinka rivers. Reminding a real mountain wall, the Zailiyskiy Alatau Mountains rise along the southern edge of the capital and create an incredible natural spectacle.

Why is it profitable to buy apartments from developers in Almaty?

The process of active acquisition of real estate in Europe has passed its peak values, the time has come for original ideas. Kazakhstan is that very idea in a business space filled with potential energy, it is a market that has just begun to gain momentum and is seriously declaring itself. Almaty, with its prestigious and expensive real estate, has overtaken even the capital, Nur-Sultan. Newly built housing here has a landscaped area and its own infrastructure facilities, it is offered for every liking and opportunity of buyers. Property can be of economy and comfort class, elite or business class.

Steppe landscapes cannot but attract, as well as mountain heights with lakes and rivers. Those who love a harsh continental climate will prefer to live in this region. Taking into account such factors, developers are assembling the residential complex of Almaty using a new technology, which provides high strength and seismic resistance. A safe space for living and resting is a characteristic feature of the residential complex of Almaty. Renting real estate in this country can bring high returns to those who invest. The size of it is about 8-10% per year of the cost of rented housing.

Areas for living, buying a home and investing in Almaty

Almaty is divided into the most attractive district, which is located near the mountains (Medeusky, Bostandyk and part of the Almalinsky district) and Turksib, Zhetysu and Alatau districts. The cost of an apartment closer to the mountains is always higher, it is a business center with clean air, its freshness is associated with its location near the mountains.The infrastructure is much better in this particular area. Due to these factors, the “top” of the city of Almaty is its elite part.

Nevertheless, new buildings are being built in all districts of the city and you can find the right balance between price, building quality, infrastructure and additional personal liking.

Prices for new buildings in Almaty. Cost of Living in Almaty

According to information provided by the search engine of verified real estate - GEOLN.COM, the price per square meter in Almaty starts from $430 (apartments in black frame). The most expensive real estate in the country is currently being sold in Almaty, which is not only densely populated, but also recognized as the most important financial center.

Purchasing real estate in new buildings in Almaty by foreigners

In accordance with the legislation of Kazakhstan at the moment, a foreigner who does not live in the Republic of Kazakhstan, but wants to buy a home, must obtain a residence permit and only after that he will receive the right to purchase a home.

Highlights of Almaty

The Kok-Tobe mountain, the name of which is translated from Kazakh as “Green Hill”, is striking in its beauty. It is located not far from the city and there is a TV tower on it, which is the tallest structure in Almaty. In addition, interesting sights such as: the Natural Museum with exhibition dedicated to flora and fauna; Geological Museum with its unique collection of minerals, a Zoo with many of the presented animal species listed in the Red Book.

The unique high-mountainous sports facility "Medeo", which is the largest in the world, is located in the eponymous tract of the Zailiyskiy Alatau not far from Almaty at an altitude of 1700 m above sea level. Such well-known places to visit include: Chymbulak, Tabagan, Ak-Bulak, Ile-Alatau Natural Park, Kolsai Lakes Park. Those who like to go down mountain reservoirs can go to the Ili River, which flows into Lake Balkhash. Altyn-Amel National Park is also located here.

Purchasing apartments in new buildings of Almaty is a profitable strategy to the search for new solutions and new opportunities in the developing housing market. It makes sense to follow the change in the legal approach to the conditions for investing in the housing market by foreigners. Some changes in the country's legislation are possible in terms of creating a more pragmatic and liberal approach to foreign investors.