New builds in Kyrgyzstan
Location and climate
Kyrgyzstan is a country located in Central Asia, in the western and central parts of the Tien Shan mountain range, in the Pamir-Alai. More than three quarters of the territory is covered with mountains.
The climate is sharply continental, arid. Most days of the year are sunny, although in some valleys there is almost constant cloudiness.
For the attention of investors: economy, culture, education in Kyrgyzstan
The country combines the features of the agrarian and industrial. Energy and mining are the foundation of the economy. Gold mining accounts for about half of industrial production. A significant part of agricultural products, mainly livestock, is exported. The Gazpromneft corporation has a significant share in the filling station market, most of the filling stations belong to it. Tourism brings an important share of revenues to the country's budget. The role of small business in the country's economy is still insignificant.
The number of higher educational institutions has grown since independence (33 state and 21 non-state universities). There are international universities in the republic: the Kyrgyz-Russian Slavic University, the American University of Central Asia.
The country's culture is traditionally based on folklore, the genres of which are diverse. Epic "Manas" is included in the list of cultural heritage of UNESCO. The works of the Kyrgyz writer Chingiz Aitmatov are known in the country and abroad.
Why is it profitable to buy an apartment from a developer in Kyrgyzstan?
For several years in a row, the Kyrgyz real estate market has experienced difficulties due to a decrease in purchasing power. Experts note that not everyone could afford real estate in the new builds for sale, since cash flows from migrants and the revenue of construction companies were declining. More than half of the equity holders experienced difficulties with timely payment, which affected the pace of construction. At the same time, prices for the building materials continued to increase. However, experts agreed that there is no reason to give a negative assessment for the near future of the real estate market and make any far-reaching conclusions. And there is a good reason for this: the cost of rented housing in the new homes for sale does not decrease but it is growing instead, that is, the deferred demand for residential complexes in Kyrgyzstan is beginning to manifest itself in this way. Of course, it should be borne in mind that rental prices stimulate failed buyers (young families have postponed the purchase and are forced to rent), but this is a good signal for investors who had the opportunity to buy cheaper housing and started to rent their apartments out profitably, thus stimulating the construction of housing.
The signs of market revival are noticeable in large cities (Osh, Bishkek). The sale of apartments from developers in Kyrgyzstan is an offer of housing built in accordance with building standards, which is confirmed by customer reviews.
The lowest price per square meter of an apartment in a new home in Bishkek (apartment in black frame condition) is 430 USD (according to the real estate search engine GEOLN.COM).
Special conditions for purchasing apartments in Kyrgyzstan from the developers for foreigners
Foreign investors can buy apartments in Kyrgyzstan if they have lived in the country and have not left it for a certain period of time. To buy a home, you need to obtain a residence permit.
Purchasing an apartment in a new development in Kyrgyzstan is an investment in the development of the city and the country, based on a reasonable purchase price and for the future rental income.
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