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Real Estate in Almaty, Kazakhstan | Digital Nomad Exchange
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Panfilova Street in Almaty, Kazakhstan

Real Estate in Almaty, Kazakhstan

By Joshua Wood, LPC

Last updated on Oct 25, 2024

Summary: The most desirable neighborhoods in Almaty, Kazakhstan are Bostandyk, Medeu, and Almalinskiy. On average, a nice 2 bedroom home in Almaty costs around $100,000 USD, while a nice 3 bedroom home costs around $150,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and high-speed internet. Foreigners are allowed to purchase property in Almaty, however, they must obtain a permit from the local government. When searching for a home to buy in Almaty, expats should consider using a real estate agent or a property search website. Additionally, they should research the local area to ensure that it meets their needs and budget.

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How do I find a place to live in Almaty?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One option for finding a place to live in Almaty is to search online for rental listings. There are a variety of websites that offer listings for apartments, houses, and other types of rental properties in the city. Additionally, you can contact local real estate agents who specialize in Almaty rentals. They can provide you with more information about the rental market and help you find a suitable place to live. Finally, you can also look for rental postings on local bulletin boards or in newspapers," said one expat who made the move to Almaty.

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What is a typical expat home or apartment like in Almaty?

"Expat homes and apartments in Almaty are typically modern and spacious, with large windows that let in plenty of natural light. Many of the apartments come with amenities such as air conditioning, high-speed internet, and modern appliances. Expats can also find apartments with balconies or terraces, offering stunning views of the city and the surrounding mountains. Most expat homes and apartments are located in the city center, close to shops, restaurants, and other amenities," remarked one foreigner who made the move to Almaty.

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What is the average cost of housing in Almaty?

If you are thinking about moving to Almaty, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Almaty can vary greatly depending on the size and location of the property. Generally, the average cost of a one-bedroom apartment in the city center is around $500 to $700 per month, while a two-bedroom apartment can cost up to $1,000 per month. Outside of the city center, prices can be significantly lower, with one-bedroom apartments costing around $300 to $400 per month and two-bedroom apartments costing around $500 to $600 per month," said one person in Almaty.

Should I buy or rent a home in Almaty?

If you have not spent a lot of time in Almaty, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Almaty can be a great investment, as the city is growing rapidly and property values are increasing. However, it is important to consider the cost of living in Almaty, as well as the availability of financing and other factors. Renting a home in Almaty can be a great option for those who are not ready to commit to buying a home, as it allows for more flexibility and can be more affordable in the short term. Ultimately, the decision to buy or rent a home in Almaty should be based on individual needs and preferences," said one expat in Almaty.

What do I need to know when buying property in Almaty?

When we asked expats what advice they would give a foreigner before buying a property in Almaty, they said:

"1. Research is key - Knowing the market and doing research is key when looking to buy property in Almaty. Researching the local market, including average pricing, key neighbourhoods and potential amenities, will put you in the best possible position when it comes to making a purchase. 2. Review property documents - When inspecting a property, it's important to review all associated property documents to verify their authenticity and make sure that the property is free from legal issues or drawbacks that could become costly post-sale. 3. Consider the cost of utilities - When looking to purchase a property in Almaty, be sure to factor in the cost of taxes, insurance and utilities, including water and electricity. These costs can add up quickly and may be higher than what you're used to. 4. Hire a lawyer - To protect your interests, it's recommended to hire a lawyer to manage the transaction process. A lawyer can provide legal advice, help you review the property documents and ensure that you're not signing anything that could cost you in the future," explained one expat in Almaty.

Are foreigners allowed to own property in Almaty?

When we asked expats what advice they would give a foreigner before buying a property in Almaty, they said...

"Yes, foreigners are allowed to own property in Almaty. However, there are certain restrictions and regulations that they need to follow. Foreigners can purchase residential properties, such as apartments and houses, without any issues. But when it comes to agricultural land and natural resources, ownership is limited to Kazakhstani citizens and legal entities. Foreigners can still lease agricultural land for a specific period, but they cannot own it outright. It is essential for foreigners to consult with a local real estate agent or legal expert to ensure they comply with all the necessary regulations and procedures when purchasing property in Almaty," said one in Almaty.

What appliances are typically included in a rental?

We asked foreigners in Almaty what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"When renting a home in Almaty, typical appliances included would be a washing machine, refrigerator, stove, and microwave. Depending on the property, some may come with a dishwasher or oven as well. Other amenities such as an air conditioning unit and/or heater may be included as well," said one person in Almaty.

Additional Information about Searching for a Home in Almaty:

We asked foreigners in Almaty what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats searching for homes in Almaty typically start by browsing online property listings on websites such as OLX, Airbnb, and local real estate agencies. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have already found housing in the city. Additionally, expats can consult with local real estate agents who are familiar with the housing market and can help them find a suitable home based on their preferences and budget. Some expats may also choose to network with colleagues or friends living in Almaty to get insider tips on the best neighborhoods and available properties," said one in Almaty.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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