Development of real estate market in Almaty
In 2024, the real estate market in Almaty continues to demonstrate dynamic development. The city remains one of the key centers in Kazakhstan due to its strategic location, economic potential and variety of offers on the market.
One of the important areas of development is the construction of residential complexes, which provide demand for apartments in various price categories. This includes both comfortable apartments in the city center and options in suburban areas with developed infrastructure.
In addition, investors are actively investing in commercial real estate, including shopping centers, business parks and office buildings. The development of the city's business sector and attractive investment conditions contribute to a steady demand for commercial real estate.
Modernization and infrastructural development of the city, including the construction of new roads, subways, airports, as well as the creation of a comfortable urban environment with public spaces, parks and recreation areas, is also becoming an important element of market development.
Thus, the real estate market continues to actively develop, offering both investors and residents of the city a wide range of opportunities and innovative solutions.
The best neighborhoods in Almaty
As in any other city, the center is an ideal place to live. It has all the necessary infrastructure, plenty of places to walk and meet with friends - all within walking distance. At the same time, you should be prepared for the fact that in Almalinskiy district you can buy only old housing stock, and there are also high prices for rent and purchase of apartments.
The next is the neighborhood of the Mountain Giant. This is a microdistrict in Medeu district, located closer to the mountains of the Zailiyskiy Alatau. Here you can find and buy higher class apartments, namely townhouses with the appropriate cost.
Bostandyk district is another good option for living. Prices for apartments here are lower than in the center, but everything you need is nearby.
For students, the Botanical Garden and Koktem districts are a good place to live. They are not far from the center, and many universities are located nearby. The cost is also adequate.
On Al-Farabi and in the area of SEC "Yesentai Mall" you can find and buy luxury housing, if you have the appropriate budget for apartments.
Inexpensive housing can be bought in remote areas: Kalkaman, Zhetysuysky and Medeusky districts, Duman, Orbita, Aksai.
What the cost of an apartment depends on
The price and cost of an apartment depends on various factors. Among them:
1. Location. The price of an apartment can vary significantly depending on the neighborhood of the city. For example, housing in the city center or in upscale neighborhoods may be more expensive than in the suburbs or less developed areas.
2. Square footage and layout. Large apartments with a convenient layout are usually more expensive than smaller apartments or apartments with non-standard layouts.
3. Quality of construction and condition of the apartment. Newly built or well-maintained apartments can command a higher price than older apartments or apartments in need of renovation.
4. infrastructure and services. Proximity to shopping, schools, public transportation, parks, and other amenities can increase the price of an apartment.
5- Economic Situation. Overall economic stability and housing demand can also affect real estate prices in the City.
6. Investment Potential. Some neighborhoods may be attractive to investors because of their potential for future real estate price growth.
Considering all these factors, the price of an apartment can be quite varied, the value depends on the specific conditions and preferences of buyers.
Current apartment rental prices in Almaty
The cost of renting apartments in Almaty is quite high. It is almost unreal to find an apartment for rent at the price of 100 000 tenge. And if you do, it will not be in the best neighborhood and not in the best condition. At the same time, if you have the financial ability, you can rent a one-room apartment with new renovation and necessary furniture for 600 000 tenge.
On average, a decent one-room apartment for rent will cost around 200 000-250 000 tenge.
For a two-room apartment for rent you will have to pay 280 000-350 000 tenge. This is the average price, but there are higher prices.
And for a three-room apartment the price for rent will be 400 000-500 000 tenge and more.
Actual prices for buying an apartment in Almaty
Almaty is the city with the highest cost of housing in Kazakhstan. One square meter here can be bought for an average of 719 380 tenge. Such figures are given by the service krisha.kz.
The average cost of a square meter in a one-room apartment — 691 720 tenge. In a two-room or three-room apartment — 710 000 tenge. And in a four-room apartment — 799 490 tenge.
The cost per square meter in a one-room apartment in a monolithic house is on average 672 thousand tenge. In a panel house — 699 thousand tenge. And in a brick house — 758 thousand tenge.
To sum up
To find and buy good housing for an adequate price, the following steps can help you:
1. Determine your criteria: what characteristics of housing are most important to you, such as neighborhood, area, number of rooms, condition of the apartment and others.
2. Research the market to understand average home prices in different neighborhoods and property types.
3. Use online resources: use websites and apps to search for properties, such as central agencies, online classifieds platforms, and construction company websites.
4. Contact real estate agents: contact local agencies or realtors who can help you find the right property to suit your requirements.
5. Explore alternatives: consider buying an apartment on the secondary market, participating in new construction programs, or looking for housing in less popular areas.
6. Do a walk-through: look at several housing options to compare and choose the most suitable one.
7. Do a thorough check: check the legal status and history of the property before closing the deal to avoid possible problems in the future.
By following these steps and evaluating different options, you will be able to find a good home at an adequate price that suits your needs and budget.
Overall, the real estate market in Almaty continues to be promising and attractive for both residents and investors, offering a wide range of opportunities and innovative solutions.
The city offers a variety of real estate offerings, including residential complexes, commercial real estate and secondary market properties.
Demand for real estate remains stable due to the sustainable development of the city and attractive investment opportunities.
In some areas and market segments there is an increase in real estate prices, especially in prestigious areas and among properties with high quality construction.
The development of the city's infrastructure, including the construction of roads, public transportation and public facilities, contributes to the attractiveness of real estate in various districts.
And investors are presented with a variety of opportunities to invest in real estate, both in the primary and secondary markets, with the potential for future price growth.
