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The Study of the Residential Real Estate Market in the Republic of Kazakhstan

Author

Listed:
  • Azamat Auyezkhanuly
  • Manap Almagul
  • Aidos Akpanov
  • Alma Karshalova

Abstract

In this study, we assess the residential real estate market in the Republic of Kazakhstan and develop measures to improve its affordability. We use comparative and retrospective analysis of statistical indicators to assess the trends in the development of the residential real estate market in Kazakhstan, as well as the state of the housing credit system. The results show that despite the growth in housing construction, affordability remains low in comparison with developed countries. Experts believe that government support measures that include the formation of a rental non-commercial housing market, the creation and development of unitary rental property funds, as well as the shift from shared financing to project financing of residential construction will lead to affordable housing.

Suggested Citation

  • Azamat Auyezkhanuly & Manap Almagul & Aidos Akpanov & Alma Karshalova, 2019. "The Study of the Residential Real Estate Market in the Republic of Kazakhstan," Journal of Real Estate Literature, Taylor & Francis Journals, vol. 27(1), pages 117-133, August.
    • Handle: RePEc:taf:rjelxx:v:27:y:2019:i:1:p:117-133
    DOI: 10.1080/10835547.2019.12090495
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