How has the construction of residential buildings by GIK affected the real estate market? Expert's response

Владислав Вислоцкий Economy
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According to Pazyljan Ilimov, the construction of residential properties within the GIK framework has significantly impacted the apartment market in Kyrgyzstan. Kaktus.media reports that this move has led to a decrease in interest in properties priced up to $100,000. "The GIK attracted a segment of the population that could have purchased such apartments. As a result, the demand for them has decreased," noted the expert.

Ilimov also added that this year, prices for standard apartments could have risen, but that did not happen. For the next year, in his opinion, a slight increase in housing prices is expected; however, there are no grounds for a decrease in prices in the market.

Photo on the main page: press service of the President of the KR / Sultan Dosaliev.
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