Kazakhstan's mortgage market shifts to Astana

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ASTANA. KAZINFORM - Kazakhstan's mortgage market is shifting to Astana, Ranking.kz. analytical service said, Kazinform refers to Trend.az.

"In January, Astana increased the mortgage portfolio by 2.2 billion tenge (185.35 tenge = $ 1) to 178 billion," the statement says. "The largest regional market - Almaty increased by 400 million tenge."

The total volume of mortgage loans in January increased by 4.6 billion tenge to 916.6 billion.

Besides Astana, the largest increase in mortgage loans was fixed in Aktobe (by 614 million tenge to 47 billion) and Mangistau (by 452 million tenge to 39 billion).

Almaty has the largest volume of mortgage loans - 272 billion tenge. An increase for the month amounted to only 400 million tenge. The regional share reduced to 29.7 percent compared to 31.9 percent in January 2014.

Astana increased its share from 17.8 to 19.4 percent during the year.

In general, megacities concentrate 49.1 percent of the mortgage market (449.4 billion tenge).

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