Kazakhstan rental prices surge 40% in Pavlodar, 33% in Petropavlovsk
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In July, rental prices for comfortable housing in Pavlodar surged 39.2% year-on-year, while Petropavlovsk saw a 32.8% increase, far outpacing the national average of 14.2%. The jump occurred even as purchase prices for secondary and new apartments in those cities rose by single-digit percentages.
Regional Price Surge
Pavlodar recorded the steepest annual rental increase at 39.2%, while secondary apartments rose only 12.4% and new builds 10.1%. In Petropavlovsk, rents climbed 32.8%, but secondary prices edged up 5.2% and new housing just 2.5%. Other cities with double-digit rental growth include Kyzylorda at 17.6%, Astana at 15.5%, and Almaty at 15%.
Rental Rates by City
The national average rent for comfortable housing reached 5,134 tenge per square meter in July. Almaty remained the most expensive at 5,961 tenge, followed by Astana at 5,796 tenge. Karaganda averaged 4,971 tenge, Petropavlovsk 4,688 tenge, and Taraz was the cheapest at 2,515 tenge. A 50-square-meter apartment cost roughly 298,000 tenge monthly in Almaty and 126,000 in Taraz.
Purchase Market Stability
New apartment prices nationwide rose 14.6% year-on-year, with Astana leading at 19.1% and Almaty at 16.6%. The secondary market grew 9.5%, driven by Kokshetau's 14.3% increase. In Almaty, new apartments averaged 739,762 tenge per square meter, while secondary units cost 743,546 tenge, compared to 739,033 and 731,722 tenge respectively in Astana.
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