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Kazakh central bank to allocate $698 million to support mortgage programs

The Central Bank emphasized the measure didn’t imply writing off debts and is targeted at making the mortgage conditions more affordable.

Kazakh central bank to allocate $698 million to support mortgage programs
John Kamman and  Grace Brogan. Photo © MPR News
American couple living in yurt

An American couple Grace Brogan and John Kamman are living in a yurt that they bought for $5000.

American couple living in yurt
Illustration ©Tengrinews.kz
Several Kazakh banks cease issuing mortgage loans in tenge

Several Kazakhstan’s banks have ceased issuing mortgage loans in tenge.

Several Kazakh banks cease issuing mortgage loans in tenge
Central Bank Governor on prices for real estate at the threshold of EXPO-2017

According to the Central Bank Governor, about 15% of those taking mortgages are insolvent.

Central Bank Governor on prices for real estate at the threshold of EXPO-2017
© ona-plus.ru
Experts forecast mortgage lending revival in Kazakhstan

Experts forecast a revival in the stagnated mortgage lending in Kazakhstan. In the most optimistic scenario it will start in end of 2014.

Experts forecast mortgage lending revival in Kazakhstan
Islamic bank. ©REUTERS/Majed Jaber
Islamic mortgage suggested to Massimov

Kazakhstan citizen Timur Davletov has applied to Prime-Minister Karim Massimov with a suggestion to make Islamic mortgage available Kazakhstan.

Islamic mortgage suggested to Massimov
vesti.kz stock photo
Every fifth Kazakhstan citizen seeks nepotism to register mortgage loan

Every fifth Kazakhstan citizen is confident that nepotism is a key to obtaining mortgage loans in banks or another financial organizations.

Every fifth Kazakhstan citizen seeks nepotism to register mortgage loan
Photo courtesy of themortgagedirectory.us
Government won’t be restricting prices for housing and growing mortgage rates

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.

Government won’t be restricting prices for housing and growing mortgage rates
National Bank. ©Vladimir Dmitryev
Kazakhstan’s banks see growing demand for consumer loans

According to the National Bank, 47% of the country’s banks saw intensified demand for mortgages.

Kazakhstan’s banks see growing demand for consumer loans
Photo courtesy of tula.buyreklama.ru
Kazakhstan citizens pay 260% on mortgages

Mortgage agency Penny Lane Realty made a rating of mortgage availability in different countries.

Kazakhstan citizens pay 260% on mortgages

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