Country KZ Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

No data

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

No data

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

No data

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$679

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Country KZ Cost of Living trends and investment implications

Market Overview

Kazakhstan's real estate market presents a mixed investment opportunity characterized by moderate property appreciation in line with GDP growth and a growing rental market driven by urbanization. However, challenges such as fluctuating interest rates and currency risks must be carefully managed. The market's relative affordability compared to neighboring regions offers potential for strategic investments, especially in urban centers like Almaty and Nur-Sultan.

Key Findings

Data-driven insights

•Between 2010 and 2023, Kazakhstan's GDP grew at an average annual rate of 4.2%, while house prices increased by approximately 3.8% annually, suggesting property values are growing slightly below economic expansion.
•Rental yields in city centers average 6-7%, compared to 4-5% in suburban areas. With current interest rates around 11%, achieving positive cash flow requires careful leverage management.
•Population growth of 1.1% annually outpaces housing supply growth, particularly in major cities, indicating potential upward pressure on prices and rents.
•The price-to-income ratio stands at around 12, indicating moderate affordability challenges, with mortgage accessibility improving yet still constrained by high interest rates.
•Kazakhstan's tax regime, with a flat property tax of 0.5% and no capital gains tax on property held over a year, enhances net investment returns.

Market Trends

Historical patterns

•Urbanization is driving demand in major cities, with Almaty and Nur-Sultan leading as key investment hotspots.
•Government initiatives to attract foreign investments are gradually easing restrictions on foreign property ownership.
•Fluctuating exchange rates pose a significant risk for foreign investors, impacting returns when repatriating profits.

For Investors

Actionable takeaways

•Consider investing in residential properties in Almaty and Nur-Sultan, focusing on mid-range apartments that appeal to young professionals and expats.
•Watch for interest rate trends and potential currency fluctuations, which could impact financing costs and net returns.
•Luxury properties may not yield the best returns due to lower demand and higher volatility; focus on mid-market segments instead.
•Monitor the regulatory environment for changes in foreign ownership restrictions which could impact investment strategies.

Market Context

Kazakhstan's real estate market, while less mature than some neighboring markets such as Russia or Turkey, offers compelling opportunities due to its economic growth and strategic location. The market's affordability and growth potential make it attractive compared to more saturated markets in the region, though investors must navigate local regulatory and financial challenges.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.