Kazakhstan’s real estate market: entering stagnation

The economic situation is changing, and these changes are taking place in all areas. The conditions have also shifted in the real estate market of Kazakhstan.

Analysts from PKF Valuation of Property note that the market is now entering a new phase of development, linked to a general slowdown in economic growth and heightened geopolitical risks. Rising credit costs, declining real incomes, and other factors are negatively affecting the overall profitability and investment appeal of real estate as an asset.

Anna Shatskaya, a real estate market analyst at PKF Valuation of Property, comments on the situation:

“Compared to last year, the real estate market in Kazakhstan has seen a slowdown in business activity and a decrease in effective demand. Since May 2022, real estate prices have been declining. Over the past two months alone, prices across Kazakhstan have dropped by about 3–4%. It is highly likely that stagnation will continue next year, and the price drop could reach up to 20%.”

With each passing year, competition in Kazakhstan’s real estate market is increasing. In these conditions, market analysis and research services become essential tools for business success. PKF Valuation of Property’s specialists carry out real estate market analysis.

We provide clients with information such as an analysis of the current market situation, supply and demand, consumer preferences, price trends, competitive environment, investment attractiveness, and efficiency. All this is necessary when developing construction project concepts and for making informed management and investment decisions.

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