BAKU, Azerbaijan, July 13. The cost of one square meter of new housing in Kazakhstan amounted to 423,705 tenge (approximately $914) in June 2022, which is 11.9 percent more than in December 2021 and 19.5 percent more than in June 2021, Trend reports with reference to the data of the Committee of Statistics of Kazakhstan.
The cost of resale of ready housing equaled 465,515 tenge (approximately $984) per square meter, which is 17 percent more than in December 2021 and 26.8 percent more than in June 2021.
Rent of one square meter of comfortable housing increased by 10.6 percent compared to December 2021 and amounted to 3,567 tenge (approximately $7.5).
The increase in housing prices has been observed for the fifth year in a row in Kazakhstan.
The price reduction was only reported in 2016 when new housing decreased in price by 3.6 percent, in 2017 the price per square meter of the secondary market decreased by 1.6 percent.
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