Housing demand in Kazakhstan is declining

Sales of individual houses dropped the most — nearly 11%

In July 2026, the number of housing purchase and sale transactions in Kazakhstan fell by 4.9% compared to June, Astana TV reported, citing the Bureau of National Statistics.

In total, 37,158 transactions were registered during the month, down from 39,053 the previous month.

Regional leaders and laggards

The highest activity in the real estate market was traditionally recorded in major cities and industrial regions:

• Almaty — 7,263 transactions (19.5% of the total);
• Astana — 6,999 transactions (18.8%);
• Karaganda Region — 2,688 transactions (7.2%).

The lowest figure was registered in Ulytau Region — only 311 transactions (0.8%).

Monthly dynamics varied significantly across regions:

• Growth in sales: Shymkent (+14.2%), West Kazakhstan Region (+14%), and Zhambyl Region (+11.5%).
• Decline in sales: Mangystau Region (-33.7%), Karaganda Region (-28.7%), and Turkestan Region (-22.4%).

Apartment segment

Transactions involving apartments in multi-storey buildings accounted for 76.9% of the total (28,575 sales), down 2.9% month-on-month.

• The largest share of apartment sales was in Astana (24%), Almaty (23.4%), and Karaganda Region (7.8%).
• Two-room apartments remain the most popular format, with 11,056 transactions in July.

Private house segment

Sales of individual houses fell most sharply: down 10.8% in July (to 8,583 transactions). Positive dynamics were observed in Zhambyl Region (+9.9%), Zhetysu Region (+7.3%), and Shymkent (+5.3%).

Meanwhile, house sales collapsed in Mangystau Region (-49%), Ulytau Region (-47%), and Karaganda Region (-32.9%).

Year-on-year dynamics

Compared to July 2025, the total number of housing transactions in the country decreased by 6.5% (from 39,742 to 37,158). The strongest annual growth was recorded in Ulytau Region (+25.9%), while the steepest decline was in Kyzylorda Region (-21.4%).

Overall, in the first seven months of 2026 (January–July), housing market activity fell by 2.6% compared to the same period last year.

Photo: Qazstat.

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