The Central Bank emphasized the measure didn’t imply writing off debts and is targeted at making the mortgage conditions more affordable.
An American couple Grace Brogan and John Kamman are living in a yurt that they bought for $5000.
Several Kazakhstan’s banks have ceased issuing mortgage loans in tenge.
According to the Central Bank Governor, about 15% of those taking mortgages are insolvent.
Experts forecast a revival in the stagnated mortgage lending in Kazakhstan. In the most optimistic scenario it will start in end of 2014.
Kazakhstan citizen Timur Davletov has applied to Prime-Minister Karim Massimov with a suggestion to make Islamic mortgage available Kazakhstan.
Every fifth Kazakhstan citizen is confident that nepotism is a key to obtaining mortgage loans in banks or another financial organizations.
Kazakhstan is a market economy, so any attempts on the part of the government to bridle growing prices for housing or mortgage rates are inadmissible: National Bank.
According to the National Bank, 47% of the country’s banks saw intensified demand for mortgages.
Mortgage agency Penny Lane Realty made a rating of mortgage availability in different countries.