Since 1992, records have been kept, showing that the largest number of real estate properties belong to citizens of Russia, Kazakhstan, and China. Most often, these are properties inherited from former citizens of Kyrgyzstan and their relatives.
However, the situation in the market is changing.
Muzammil Kandiyeva, chair of the Realtors Committee at the Chamber of Commerce and Industry of the Kyrgyz Republic, confirms the opinion of her colleagues. She emphasizes that today the real estate market is demonstrating positive dynamics, facilitating the process of buying and selling properties, as well as making investments more profitable.
“The development of the tourism industry significantly influences the acquisition of real estate by foreigners. Although purchasing a land plot is an expensive pleasure, building on it is even more costly. However, the secondary housing market remains quite attractive to investors. This is what they are taking advantage of,” adds Kandiyeva.
