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Legalization policy in Kazakhstan brings to light seven new millionaires

The ongoing campaign of legalization of property and capital in Kazakhstan has already revealed seven new millionaires.

Legalization policy in Kazakhstan brings to light seven new millionaires
Photo courtesy of lenta-ua.net
Experts challenge legalization effect on capital flight from Kazakhstan

The upcoming property legalization in Kazakhstan has received a mixed assessment of its effectiveness for combating capital flight offshore from several experts.

Experts challenge legalization effect on capital flight from Kazakhstan
Photo courtesy of lenta-ua.net
Legalization law adopted in Kazakhstan

Today, the Kazakhstan Parliament рфы adopted the law "On amnesty of citizens of the Republic of Kazakhstan, repatriates and persons holding a residence permit in the Republic of Kazakhstan due to legalization of their property".

Legalization law adopted in Kazakhstan
People in Astana don't like new apartments?
People in Astana don't like new apartments?

Astana folks abstain from buying apartments in new buildings.

People in Astana don't like new apartments?
Kazakhstan has seen 600% growth in prices for housing in the last 12 years

As of November 2013, price in Astana, the country’s capital city, stood at $1687 per square meter.

Kazakhstan has seen 600% growth in prices for housing in the last 12 years
Sitting on Astana development. ©akorda.kz
Kazakhstan’s President furious over prices for real estate in Astana

Why isn’t the Agency for Competition taking measures to stop that? There should be some margin, but not 5 or 6-fold: President.

Kazakhstan’s President furious over prices for real estate in Astana
© Yaroslav Radlovsky
Kazakhstan to introduce mandatory real estate insurance schemes

The insurance schemes will be administered by the government-owned non-for-profit State Fund for Real Estate Insurance.

Kazakhstan to introduce mandatory real estate insurance schemes

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