"Kazakh banks lent 32% less money to the construction of real estate in 2015," the executive director of Association of builders of Kazakhstan Aslan Tukiyev informs.

Tukiyev shared these data at a briefing in Astana.

According to Mr. Tukiev, the volume of trade demand for real estate decreases in the country. In numbers, 16% fewer mortgage loans were operated last year than in 2014.

The downgrade of a situation in the sphere of construction can affect the staff of these particular companies. There are more than 220 thousand people who work in this sphere, according to the head of the association.

At the present time, the average cost of a square meter of housing in primary market composes about 350 thousand tenges and over 400 thousand tenges for the square meter on the secondary market.

Photo: palata.kz