Real estate in Kazakhstan

Kazakhstan's real estate market is steadily growing, attracting the attention of local and foreign investors. This dynamic market offers a wide selection of residential and commercial properties, particularly in Almaty and Astana.

Working with trusted partners guarantees legal protection, time savings, access to exclusive offers, and transaction security.

Customer reviews are a valuable source of information for those considering purchasing real estate in Kazakhstan. When choosing a developer or real estate agency, reviews from previous buyers allow you to evaluate the quality of construction, compliance with deadlines, service level, and potential risks associated with the property.

Kazakhstan: Real Estate Market Overview

Kazakhstan is a vast country located in the heart of Eurasia, without direct access to the sea. It borders Russia to the north, China to the east, and Kyrgyzstan, Uzbekistan, and Turkmenistan to the south.

In 2024, the average price per square meter was:

• 490.1 KZT ($950) on the primary market.
• 506.9 KZT ($980) on the secondary market.

This marked a slight increase compared to the previous year. However, the number of transactions rose by 25%, exceeding 380,000 transactions.

Mortgage Programs

Mortgage programs designed to ease access to housing have been a driving force behind the increased demand, particularly among young people and vulnerable social groups. In 2025, the government plans to:

• Build more than 5,000 apartments.
• Subsidize mortgages for young specialists, which should improve housing accessibility.

However, the rise in construction material prices and inflation may complicate matters for those unable to benefit from preferential programs, making housing less affordable for the majority of citizens.

Major Cities in Kazakhstan

Attention should be given to the major cities of Kazakhstan—Almaty and Astana. These megacities are the centers of economic and cultural resources. New residential and commercial projects are actively being developed here, providing opportunities for business.

• Kazakhstan is considered an attractive country for foreign investors due to the absence of restrictions on real estate purchases by foreign nationals.
• The Kazakhstani real estate market offers a wide range of options for investors, including housing in the central areas of Almaty and Astana, as well as suburban homes or commercial properties.

Steps for Acquiring Real Estate in Kazakhstan:

1. Selecting a Property

   • Start by searching for real estate through agencies or directly from developers.
   • Evaluate the location, infrastructure, and condition of the property.

2. Legal Verification

   • Check ownership documents, building permits, and other legal aspects.
   • It is recommended to consult with an independent lawyer.

3. Deposit and Preliminary Agreement

   • After selecting the property, make a deposit (usually 10-20% of the cost) and sign a preliminary agreement.

4. Main Contract and Registration

   • Sign the main sale agreement and register the ownership in the state real estate register.

Average Property Prices (in USD per m²):

• Almaty (city center): $1500 - $3000 (depending on the area and quality of housing)
• Almaty (suburbs): $800 - $1500
• Astana: $800 - $2500
• Regions: $400 - $1000 (significantly lower than in large cities)
• Shymkent: $830
• Kyzylorda: $470
• Taraz: $580

Features of the Real Estate Market in Kazakhstan:

• Variety of Properties: The market offers properties for all tastes, from affordable housing to luxury estates.
• Dynamic Growth: As infrastructure develops in major cities, the real estate market continues to grow and attract new investors.
• Rental Potential: There is high demand for rental properties in Almaty and Astana, particularly in central areas.

Benefits of Working with Trusted Partners:

• Legal Protection: Working with experienced agents and lawyers minimizes the risk of legal issues.
• Time Savings: Professional partners will help with property selection and document processing.
• Access to Exclusive Offers: You will have access to properties that may not be available on the open market.
• Transaction Security: Experienced partners will ensure the transaction is completed at a high level, guaranteeing security and benefits for you.

Investing in real estate requires careful attention and the selection of reliable partners. The right approach to purchasing will minimize risks and yield benefits. Economic growth and numerous construction projects continue to attract attention, making the real estate market open to foreign investors for both personal and commercial purposes.

To make the right choice when buying real estate, and the investment process is safe and effective, check out the rating of real estate developers in Kazakhstan and reviews of real estate agencies in Kazakhstan. This will help you get a complete picture of the market and choose a reliable partner.