Economy • 17 January, 2019

Over 113 thousand families improved their living conditions — Kairbek Uskenbayev

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Jan. 17 at the press conference in the press center of the Government, Vice Minister of Industry and Infrastructure Development Kairbek Uskenbayev spoke about the measures taken to improve the availability and quality of housing.

As Uskenbayev noted, 2018 was very successful in terms of housing construction.

“Following the 2018 results, 12.5 million m² of housing was commissioned, which is 12.1% higher than 2017 level. Over 113 thousand families have improved their housing conditions,” the vice minister informed.

In 2018, 1.2 trillion tenge was invested in housing construction. This is more than 2017 level by 8.1%. The main share of investments — 86% — is investments of private developers and the population. For 1 tenge of public funds 6 tenge of private investment was attracted.

The volume of commissioned housing in 2018 increased in comparison with 2017 by 12.1%. Investments in the construction of individual housing amounted to 459 billion tenge, apartment residential buildings — 702 billion tenge. At the expense of private investment, 5.7 million m² or more than 39 thousand individual houses, as well as 6.8 million m² or more than 74 thousand apartment buildings were commissioned. The increase in housing input is observed in all regions of the republic.

Speaking about the results of the implementation of the Nurly Zher state program in 2018, the vice minister recalled that the program provides a mechanism for returning and re-investing in housing construction. This means that once invested money in the implementation of the program on a returnable basis is constantly invested in the housing construction of the country.

In connection with the adoption of the 7-20-25 program on behalf of the Head of State, from 2019 the amount of funding for the construction of engineering communications has been increased: from 80 billion tenge to 100 billion tenge.

Within the framework of the Nurly Zher program, financing of rental and credit housing is provided.

According to Uskenbayev, up to 25 billion tenge were allocated annually in the direction of “Construction of rental housing without redemption.” Since 2019, funding has increased to 35 billion tenge.

Akimats funded projects in the area of ​​"Construction of credit housing" (on a revolving basis). Every year in the country, about 200 billion tenge is allocated for the construction of housing. According to him, the construction of housing in this area will only increase.

Within the framework of one more direction of the Nurly Zher program — “Stimulation of housing construction by private developers” — through Damu Bank, subsidies are provided to loans of construction companies for housing construction. Seven percent of the interest rate is subsidized. Banks issued loans of 152 billion tenge.

“The mortgage program 7-20-25 and the Nurly Zher program complement each other remarkably well. If 7-20-25 gives people access to funds to purchase this housing, then Nurly Zher is aimed at providing our residents with apartments at an affordable price,” said Uskenbayev.

Also, according to him, in order to effectively implement the 7-20-25 program, amendments were made to the Nurly Zher program. There is a simultaneous implementation of housing built by Akimats under the Nurly Zher program to participants of the 7-20-25 program and depositors of Housing Construction Savings Bank.

“If 11 million m² of housing was built in Kazakhstan in 2017, in 2018 — 12 million m² of housing, then in 2019 we plan to build 13 million m² of housing. We have all the prerequisites for this. They are based on a comprehensive analysis. I think that we will fulfill the task set,” said Uskenbayev.

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