11 Jul 2019, Petia Krasteva, EMIS Editor
Kazakhstan’s new home prices, sales increase in June
The property deals also increased in the month, up by 23.9% y/y, to 29,543 in June. The upheaval on the property market came on the back of recovery of the oil-dependent economy. Kazakhstan’s economic output decreased during the 2014-2016 low oil price period to return to 4.0% annual growth in the next few years. Nonetheless, the low trust in the banking sector and the reluctance of households to take more loans remain a constraint to a more robust real estate sector growth.
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