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
Air Astana launches new flights to Asia, Central Asia, Europe and Russia - eTurboNews
Published 20:38, 17th May GMT
Leading World Economists Converge On Astana Economic Forum - Sacramento Bee
Published 19:14, 17th May GMT
5th ISESCO conference opens in Astana - Caspionet
Published 05:03, 18th May GMT
Kazakhstan launches national superhero contest - New York Daily News
Published 04:01, 17th May GMT
Santaromita left empty-handed at Giro d'Italia in Sestri Levante - Cyclingnews.com
Published 21:55, 17th May GMT
OSCE supports event on protecting children's rights in Kazakhstan - Gazeta.KZ
Published 03:56, 18th May GMT
Astana Economic Forum: Source Of Initiatives of Eurasian Continent - MarketWatch (press release)
Published 08:01, 8th May GMT
Minsk, Astana to cooperate against use of human rights issues for political ... - Kyiv Post
Published 08:24, 15th May GMT
- retrieved via Google News