Kazakhstan to provide working youth apartments for less than $35 per month

NUR-SULTAN – Kazakh citizens under the age of 29 with full-time employment will be able to rent apartments for between 10,000 tenge (US$25.8) to 12,000 tenge (US$31.0) per month for five years, according to rules approved recently by the Kazakh government.

The government will begin leasing Dec. 16 1,050 apartments in Nur-Sultan, 1,050 in Almaty and 904 in Shymkent. The apartments are up to 40 square metres. Renters do not have a right to purchase.

At the time of obtaining housing, an applicant must be younger than 29 years old, have an education, work and have lived in one of the three cities for at least two years. In addition, an applicant must earn at least 40 monthly calculation indices (MCI) per month, which is 101,000 tenge (US$261).

Priority will be given to people with families, citizens who have a profession among the 100 jobs in demand, entrepreneurs and employees of budgetary organisations.

The applicants who are in any of the aforementioned categories will receive points that move them up in the priority list. A profession from the list of the 100 in demand, for example, adds ten points. Having a family adds five points and two additional points for each year from the marriage registration day. Similarly, one point will be added for having one child and two points per each subsequent child.

Applicant will need  to submit an identification document copy, certificates of education, absence or presence of a real estate (of an applicant and his/her family members), employment, income during the previous six months, documents on employment history, a bank account number and statement of balance and cash flow.

The applicants who have a family, children or personal achievements in sports and science should submit additional documents that certify them.

The government has allocated 21.6 billion tenge (US$55.81 million) to build the apartments and will issue 3,000 rental apartments annually in the three cities. Similar rental apartments and rates will be available beginning in 2022 in the regions. 

Kazakhstan’s First President, Nursultan Nazarbayev instructed to build at least 1,000 rental apartments per year for working youth in large cities at the Jan. 23 Year of Youth opening ceremony.

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