21:02, 14 January 2016 | GMT +6
Housing construction slowdown predicted in Kazakhstan in 2016-2017
ASTANA. KAZINFORM Kazakhstan Developers Association forecasts housing construction slowdown in 2016-2017. Executive Director of the Association Aslan Tukiyev told mass media today.
In his opinion, the main reason for this is lack of new projects.
"To start a new project is very risky now. That is why we predict slowdown in housing construction. We plan to commission 7 mln square meters per year and then 6 mln square meters," said he.
The members of the Association promised also not to freeze the projects they are building now.
"To start a new project is very risky now. That is why we predict slowdown in housing construction. We plan to commission 7 mln square meters per year and then 6 mln square meters," said he.
The members of the Association promised also not to freeze the projects they are building now.