National Bank identifies factors driving Almaty apartment prices, cites 21% increase
The National Bank of Kazakhstan analyzed real estate markets in Almaty and Astana, finding that location above Al-Farabi Avenue increases apartment prices by 21%. Buyers are willing to pay more for high ceilings and proximity to waterfronts. This comes amid a broader study on housing market dynamics.
Real Estate Market Analysis
The National Bank of Kazakhstan conducted an econometric study using data from Krisha.kz to assess factors influencing apartment prices in Almaty and Astana. The study highlighted that properties located above Al-Farabi Avenue in Almaty command a 21% premium. High ceilings and proximity to waterfronts were also identified as significant value drivers.
Buyer Preferences
Buyers in Almaty show a strong preference for apartments with high ceilings and those located near waterfronts, according to the National Bank's findings. These features are seen as adding significant value to properties. The study suggests that these preferences are shaping the real estate market dynamics in Kazakhstan's major cities.
What's Next
The National Bank is expected to release further insights into housing market trends. It remains unclear how these findings will influence future real estate policies.
1 source
National Bank identifies factors driving Almaty apartment prices, cites 21% increase
