Kazakhstan is an unlikely jewel in the
property market crown; with a growing economy, beautiful landscape
and low property prices, it presents a very interesting opportunity
to the foreign investor.
Subtle nuances left over from Russian
travellers are apparent throughout the country and the Great Silk
Route that ran through the south of the country has inspired varied
architecture and some spectacular monuments. The Al Matinsky Nature
Reserve, Kol-Say Lakes and the Aksu-Jabaghy Nature reserve, the
largest Natural Park and home to numerous rare species, are all
testament to the beauty of the natural landscape. For the more
adventurous, many outdoor activities including horse riding,
swimming, fishing, hiking and skiing are set amidst breath taking
surroundings and available throughout the year.
In 2006 the release of ‘Borat: Cultural
Learnings of America For Make Benefit Glorious Nation of
Kazakhstan’ starring Sacha Baron Cohen brought Kazakhstan to the
cinema screen, however the country’s portrayal was inaccurate and
the film met with mixed reviews. Although the film caused
controversy, tourist interest in Kazakhstan since its release has
grown a staggering 300% and the government are embracing this surge
of foreign interest.
Its economy is also on an upward trajectory.
Kazakhstan was the first country to repay its debt to IMF in 2000,
seven years ahead of schedule and was successfully upgraded to
market economy status under US trade law as a result.
Still in this Chapter
Is this is good place to Buy?
Which type of Property should you go for?
Hotspots
The Purchase Process
Mortgages
To read the rest of this chapter
Click here to buy the book now