Nur-Sultan, formerly known as Astana, is the capital city of Kazakhstan. It is a rapidly developing city with a growing real estate market.
In this article, we will take a closer look at the current state of the Nur-Sultan real estate market and provide valuable insights for US real estate investors, homeowners, first-time home buyers, and real estate agents.
Overview of the Nur-Sultan Real Estate Market
The Nur-Sultan real estate market has been growing steadily over the past few years. According to the National Bank of Kazakhstan, the average price of residential real estate in Nur-Sultan increased by 6.5% in 2020. The demand for real estate in Nur-Sultan is driven by the city’s growing economy, increasing population, and improving infrastructure.
Types of Properties in Nur-Sultan
Nur-Sultan offers a variety of properties for Sale, including apartments, houses, and commercial properties. The most popular type of property in Nur-Sultan is apartments. The city has a large number of high-rise buildings, which offer modern amenities and stunning views of the city.
The average price of an apartment in Nur-Sultan is around $1,000 per square meter. The price of a house in Nur-Sultan varies depending on the location and size of the property. The average price of a house in Nur-Sultan is around $1,500 per square meter.
Commercial properties in Nur-Sultan are also in high demand. The city has a growing business sector, which has led to an increase in demand for office and retail space. The average price of commercial property in Nur-Sultan is around $2,000 per square meter.
Investing in Nur-Sultan Real Estate
Investing in Nur-Sultan real estate can be a profitable venture for US real estate investors. The city’s growing economy and increasing population make it an attractive location for real estate investment. Additionally, the Kazakh government has implemented several measures to attract foreign investment in the real estate sector.
One of the most popular investment options in Nur-Sultan is buying an apartment. Apartments in Nur-Sultan offer a high rental yield, with an average rental yield of around 8%. The city’s growing business sector also makes commercial properties a viable investment option.
FAQs
Q: What is the average price of an apartment in Nur-Sultan?
A: The average price of an apartment in Nur-Sultan is around $1,000 per square meter.
Q: What is the most popular type of property in Nur-Sultan?
A: The most popular type of property in Nur-Sultan is apartments.
Q: Is investing in Nur-Sultan real estate profitable?
A: Yes, investing in Nur-Sultan real estate can be a profitable venture for US real estate investors.
Conclusion
In conclusion, the Nur-Sultan real estate market is a growing and profitable sector for US real estate investors, homeowners, first-time home buyers, and real estate agents. The city’s growing economy, increasing population, and improving infrastructure make it an attractive location for real estate investment.
Apartments are the most popular type of property in Nur-Sultan, offering a high rental yield. Commercial properties are also a viable investment option, given the city’s growing business sector. With the Kazakh government’s measures to attract foreign investment in the real estate sector, investing in Nur-Sultan real estate is a wise decision.
