The Impact of Mortgage Loans on Housing Affordability in Kazakhstan
According to the Bureau of National Statistics of the Republic of Kazakhstan, there are 287 premises per thousand inhabitants in Kazakhstan regarding the number of residential premises and the average annual population. The problem of urgent housing need in Kazakhstan is being solved by the accelera...
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| Format: | Article |
| Language: | English |
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Institute of Economics under the Science Committee of Ministry of Education and Science RK
2022-04-01
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| Series: | Экономика: стратегия и практика |
| Subjects: | |
| Online Access: | https://esp.ieconom.kz/jour/article/view/630 |
| _version_ | 1797879288650792960 |
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| author | A. G. Anessova А. А. Adambekova B. A. Abdullaeva |
| author_facet | A. G. Anessova А. А. Adambekova B. A. Abdullaeva |
| author_sort | A. G. Anessova |
| collection | DOAJ |
| description | According to the Bureau of National Statistics of the Republic of Kazakhstan, there are 287 premises per thousand inhabitants in Kazakhstan regarding the number of residential premises and the average annual population. The problem of urgent housing need in Kazakhstan is being solved by the accelerated development of housing construction and by state programs for concessional lending. Housing affordability is one of the pressing issues of the socio-economic policy of any state. One of these programs is “NurlyZher”. The main measures of state support are aimed at the construction of affordable housing for the general population. To solve housing affordability issues, the “7-20-25” program was developed in 2018, which has the most significant demand. Therefore, it is essential to understand whether the population can take out a mortgage. This study builds on research by the Center for Applied Economics Research (AERC) on housing affordability in the country. This study uses two indicators, HPI and HPA, calculated for significant cities and regions. For the calculations, the official statistics of the BNS between 2015 – 2020 were used. According to results based on the HPI indicator, residents cannot save for housing with an average salary without taking into account expenses. The HPA indicator for four mortgage programs, “7-20-25” was more accessible. However, calculations were made on average data, but in practice individually. The programs developed by the state are effective since the situation with the affordability of housing has improved over the past five years. |
| first_indexed | 2024-04-10T02:46:26Z |
| format | Article |
| id | doaj.art-289074b0e69b447e886cbef0b98694a9 |
| institution | Directory Open Access Journal |
| issn | 1997-9967 2663-550X |
| language | English |
| last_indexed | 2024-04-10T02:46:26Z |
| publishDate | 2022-04-01 |
| publisher | Institute of Economics under the Science Committee of Ministry of Education and Science RK |
| record_format | Article |
| series | Экономика: стратегия и практика |
| spelling | doaj.art-289074b0e69b447e886cbef0b98694a92023-03-13T07:45:30ZengInstitute of Economics under the Science Committee of Ministry of Education and Science RKЭкономика: стратегия и практика1997-99672663-550X2022-04-0117118519810.51176/1997-9967-2022-1-185-198343The Impact of Mortgage Loans on Housing Affordability in KazakhstanA. G. Anessova0А. А. Adambekova1B. A. Abdullaeva2Университет «Нархоз»Университет «Нархоз»Университет «Нархоз»According to the Bureau of National Statistics of the Republic of Kazakhstan, there are 287 premises per thousand inhabitants in Kazakhstan regarding the number of residential premises and the average annual population. The problem of urgent housing need in Kazakhstan is being solved by the accelerated development of housing construction and by state programs for concessional lending. Housing affordability is one of the pressing issues of the socio-economic policy of any state. One of these programs is “NurlyZher”. The main measures of state support are aimed at the construction of affordable housing for the general population. To solve housing affordability issues, the “7-20-25” program was developed in 2018, which has the most significant demand. Therefore, it is essential to understand whether the population can take out a mortgage. This study builds on research by the Center for Applied Economics Research (AERC) on housing affordability in the country. This study uses two indicators, HPI and HPA, calculated for significant cities and regions. For the calculations, the official statistics of the BNS between 2015 – 2020 were used. According to results based on the HPI indicator, residents cannot save for housing with an average salary without taking into account expenses. The HPA indicator for four mortgage programs, “7-20-25” was more accessible. However, calculations were made on average data, but in practice individually. The programs developed by the state are effective since the situation with the affordability of housing has improved over the past five years.https://esp.ieconom.kz/jour/article/view/630индекс доступности жильяипотекадоступность жильягосударственная программапрактика |
| spellingShingle | A. G. Anessova А. А. Adambekova B. A. Abdullaeva The Impact of Mortgage Loans on Housing Affordability in Kazakhstan Экономика: стратегия и практика индекс доступности жилья ипотека доступность жилья государственная программа практика |
| title | The Impact of Mortgage Loans on Housing Affordability in Kazakhstan |
| title_full | The Impact of Mortgage Loans on Housing Affordability in Kazakhstan |
| title_fullStr | The Impact of Mortgage Loans on Housing Affordability in Kazakhstan |
| title_full_unstemmed | The Impact of Mortgage Loans on Housing Affordability in Kazakhstan |
| title_short | The Impact of Mortgage Loans on Housing Affordability in Kazakhstan |
| title_sort | impact of mortgage loans on housing affordability in kazakhstan |
| topic | индекс доступности жилья ипотека доступность жилья государственная программа практика |
| url | https://esp.ieconom.kz/jour/article/view/630 |
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