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Pilot project on mortgage financing without collateral to be launched in Kazakhstan

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According to her, this issue is now being worked out by developers.

“If this is achieved, it will be country’s first project to finance mortgages and housing loans without collateral under the guarantee of the Housing Guarantee Fund”, she concluded.

According to statistical data, for the first time since independence Kazakhstan has built 210.2 million square meters of housing.

“In the first quarter this year, the volume of loans for construction and purchase of housing in Kazakhstan amounted to 65 billion tenge, of which 49 billion issued by ZhSSBK. And here it can be noted that in your region, the input of housing increases every year. I want to stress that we are ready to work to further increase the volume of housing construction”, L. Ibragimova noted.

We remind that Governor’s Office of Akmola region and “Zhilstroysberbank” signed a memorandum of cooperation.

Source: Kazakhstan 2050

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