Kazakhstan ranked second in terms of growth rates of real estate in CIS

January 29, 2013

Kazakhstan occupies second place among four largest countries of the CIS according to the growth rates of the housing construction and third place on the amounts of housing. KazRielt Real Estate reports that Ukraine was inferior to Kazakhstan on the growth rates of housing construction but was superior on its amount.  In 2012 Kazakhstan commissioned 6.742 million square metres of housing, including 3.336 introduced by the population. The total amount of housing construction was 3.2% more than a year before. The total number of constructed buildings reached 25192.

For comparison, in Russia, which is the leader of this rating, the amount of housing construction equaled 65 million square metres, which is 4.4% more than a year before. Experts believe that in the near future major players of the real estate market will probably maintain their positions, which is conditioned by absence of significant changes in socio-economic development of countries.