Tuesday, 20 March 2012

Real estate prices to grow by 10% in Kazakhstan in 2012, expert says

The growth of demand for real estate in Kazakhstan reached approximately 20% at year-end 2011.

Rising real estate prices will reach 10% this year in Kazakhstan, Interfax reports citing the Joint Association of Estate Agents. Professionals say that there are several reasons for this and according to the statistics agency, wages rose by 18% last year. A shortage of residential real estate will be yet another factor in the growth of demand and property prices.

Source: http://caspionet.kz/eng/business/Real_estate_prices_to_grow_by_10_in_Kazakhstan_in_2012__expert_says_1332223298.html

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