Compared to most countries, housing in Kazakhstan is not expensive - analysts

According to the results of five months, prices for apartments in new buildings increased by only 2.2% compared to the same period last year. The "secondary" fell in price by 2%,El.kz reports with reference to Energyprom.kz.

If we talk about the results of 2023 in general, then new housing during this period increased by 6.7% compared to last year, and comfortable apartments in the secondary market - by only 1.8%.

On average, in the country at the end of May of this year, a square meter of new housing cost 486.5 thousand tenge, secondary - 506.8 thousand tenge.

In general, housing prices in Kazakhstan are low. According to the Numbeo rating, Kazakhstan is in 22nd place out of 95 in terms of the cheapness of housing in the city center.

Apartments in Kazakhstan are comparable in price to real estate in Ukraine, where the war has been going on for several years. And apartments in the CIS partner countries are much more expensive: in Azerbaijan - by 18%, in Russia - by one and a half times, in Armenia - by 2.3 times. And this is despite the fact that salaries in Kazakhstan are much higher than in these countries (except the Russia)

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