This trend is especially notable at the Kazakhstan exhibition on real estate and investment, KazRealty 2009, which will be held in Almaty on 23-25 April. The main pool of exhibitors includes companies offering real estate in the above mentioned European countries, as well as the United Kingdom, France, Monaco, the United Arab Emirates, and Russia. To carry out the exhibition, the Kazakhstan organiser – Iteca LLP – involved its international partners: ITE Group Plc (United Kingdom) and GIMA (Germany).
KazRealty 2009’s feature will be the fact of its being held simultaneously with a tourist fair, KITF. Many travel agencies provide realtor services; therefore, such proximity will increase the effectiveness of participation in exhibitions.
As one of the tool to stabilise economy and the financial system, Kazakhstan plans to introduce a new mortgage programme to include housing with a 20% completion or more. To solve the issues of unsold apartments, the government offered a programme evaluated at US$ 3 to 5 billion. “Of that amount, US$ 3 billion will come from the National Fund and US$ 2 billion will be taken from the pension funds,” said K. Kelimbetov, head of Samruk-Kazyna National Fund. Construction companies will be selling apartments at a specified price, and potential buyers will be able to receive loans via partner banks provided they pay the initial instalment of 15-20% of the apartment cost, at the 10.5% annual interest rate for up to 15 years. As the government support gets stronger, the situation in Kazakhstan’s housing market keeps reviving: work resumes on construction sites, and buyers and sellers also become more active.
KazRealty 2009’s feature will be the fact of its being held simultaneously with a tourist fair, KITF. Many travel agencies provide realtor services; therefore, such proximity will increase the effectiveness of participation in exhibitions.
As one of the tool to stabilise economy and the financial system, Kazakhstan plans to introduce a new mortgage programme to include housing with a 20% completion or more. To solve the issues of unsold apartments, the government offered a programme evaluated at US$ 3 to 5 billion. “Of that amount, US$ 3 billion will come from the National Fund and US$ 2 billion will be taken from the pension funds,” said K. Kelimbetov, head of Samruk-Kazyna National Fund. Construction companies will be selling apartments at a specified price, and potential buyers will be able to receive loans via partner banks provided they pay the initial instalment of 15-20% of the apartment cost, at the 10.5% annual interest rate for up to 15 years. As the government support gets stronger, the situation in Kazakhstan’s housing market keeps reviving: work resumes on construction sites, and buyers and sellers also become more active.
Date:
Tuesday, February 24, 2009
