Lease rates in the housing market of Almaty decreased rapidly. Local purchasing power cut off till 80%.

According to kn.kz, between February 15 and February 21, 2016, Average lease rate in the housing market of Almaty City was in the level of 133 thousand tenges a month. And the price for square meter lined in 2093 tenges.

In all districts of the city cost of renting showed reduction by the last purchase activities. In general, "expensive" housing is available in the average cost of 249 thousand tenges for a month and the cheapest one starts with the prime cost of 78 thousand tenges a month.

Meanwhile, according to Yermek Musrepov, the president of real estate in Kazakhstan, purchasing power of community in renting apartments decreased by 80%, purchase and sale went down by 90%.