Kazakhstan Property Investment For Sale
"An unlikely jewel in the property market crown.”
Kazakhstan is the largest of the former Soviet republics, excluding Russia, and possesses large fossil fuel, mineral and metal deposits including uranium, zinc and copper. The country also has a large agricultural industry based on both grain and livestock. Although much of the countries income comes from oil and extraction it has embarked on a programme of diversification aimed at developing targeted sectors such as transport, telecommunications, pharmaceuticals, petrochemicals and food processing. It also could be seen as 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.
Kazakhstan’s economy is also on an upward trajectory. It was the first country to repay its debt to the IMF in 2000, seven years ahead of schedule and was successfully upgraded to market economy status under US trade law as a result.
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. Many year round outdoor activities including horse riding, swimming, fishing, hiking and skiing have become a great draw for visitors and are helping the new tourist industry.