Real Estate in Astana

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Astana

This is the second largest city of the country, Kazakhstan. The population of Astana is estimated to be a little over 700,000 people. This city is relatively new having been built just about ten years ago.

City Plan

If you are thinking about buying any property in Astana, you have to know about the city plan. There is a railway line that divides the city into different sections. The north divisions are for industrial properties. The residential homes around this area are for the low class poor people of Astana. The western and eastern regions are for government buildings and the residential homes are for the upper-class citizens. This area is beautiful with well developed infrastructure and parks. The southern part is purely developmental property.

Real Estate Listings for Astana

You can find real estate listings for Astana by carrying out an online search. There are websites that normally have a listing for all the properties that go on sale. Ensure that you get your information from well reputable websites. Never make payments before you do further investigations about the property. You shouldn’t buy anything that you haven’t seen in person yet.

There are a lot of properties on sale in Astana especially for developmental and other investment purposes.

This is a major business center for Kazakhstan and so it has a lot of potential for real estate.

Rental Rates

The average rent for a 3 bedroom cottage is $6000-7000

A five bedroom house roughly costs $20,000

You can get a 2 bedroom apartment sized at between 100 and 120 square meters at $1,500 – 2,000

However, depending on the size, the apartments can cost as high as $5,000. For instance, that is the monthly rent for a 2 bedroom apartment which is 125square meters.

Apart from size, other factors that determine the rent charged include facilities offered, location and security.

The rent also varies according to the exact location of the property. For instance, it is much cheaper to rent houses in the outering of Astana than in the city center or the suburbs.

Owning of land by foreigners

A law was passed by Kazakhstan government allowing foreigners to buy land to use for residential purposes in any part of the country, including Astana.

However, it seems that most foreigners prefer to lease the land for ten years rather than buy it. Reports show that the land that has been bought by foreigners is minimal if any. This is because of the country’s politics.

Local News

Kazakh PM meets with his Kyrgyz counterpart in Astana - Caspionet
Published 04:05, 22nd February GMT

Kazakhs Urged to Channel Money From Oil Fund to Aid Businesses - Bloomberg
Published 17:21, 22nd February GMT

Will Astana Become the New Tripoli? No. - Registan.net
Published 02:49, 21st February GMT

Kazakhstan: Elite Schools May Limit Opportunities - EurasiaNet
Published 16:37, 22nd February GMT

Vinokourov says Astana is targeting overall victory in Tour de Langkawi - VeloNation
Published 15:26, 19th February GMT

Astana Arlans defeat Mumbai Fighters - Caspionet
Published 04:48, 20th February GMT

Vinokourov keeps his options open - Malaysia Star
Published 23:44, 21st February GMT

CSTO Secretary General: “In critical situation CSTO will assist Armenia” - Times.am
Published 13:45, 21st February GMT


- retrieved via Google News