ASTANA – Five new affordable residential housing complexes offering 1,574 apartments under the Affordable Housing 2020 Programme will be available by the end of the year, according to a Nov. 12 press release from the Astana Akimat (city administration).
Housing the country’s population remains a concern for the Kazakh government and was among the country’s main objectives mentioned during President Nursultan Nazarbayev’s recent state-of-the-nation address. The President has initiated the construction of rental housing with the long-term leases and options to buy. He has also lowered administrative costs and made low-interest loans available in order to lower barriers to housing.
In addition to the five complexes, the city is constructing eight more complexes totaling 1,135 apartments which are expected to be available in 2015-2016.