Average family in Kazakhstan cannot afford housing: S. Nokin

ASTANA. December 7. KAZINFORM A family of four with real monthly income of 100 thousand tenge cannot afford to purchase housing.
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Chairman of the Kazakh Agency for Construction, Housing and Public Utilities Serik Nokin admitted the problem speaking of the "Affordable Housing 2020" program at the parliament hearings on the state and prospects of housing provision for population at Majilis on Friday.

"For example, a family of four with a monthly income of 106 thousand needs to pay at least 63 thousand tenge in mortgage payments for a 40 square meter apartment. At the secondary real estate market the mortgage payment for the same apartment amounts to 86 thousand tenge," he said.

"The Government should pay attention and take measures to provide housing for such groups of population," S. Nokin added.

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