Kazakhstan Housing Prices to Soar in 2026: Tax Reform to Blame

Kazakhstan Housing Market to Face Price Surge in 2026 due to Tax Reform Kazakhstan's housing market is bracing for a significant price increase starting in 2026, according to a recent analysis. This price hike is not solely attributed to typical inflation but also stems from a major tax reform significantly impacting construction costs. The reform alters the tax structure for contractors, making it far less beneficial for construction companies to work with those using simplified tax systems. This will force companies to work with contractors under the general tax regime, adding a substantial 26% to the costs due to VAT, income tax, and other levies. "These added expenses will be factored into the price per square meter," explains a construction professional featured in a recent video. "The price increase is less a matter of demand and more a direct consequence of the increased tax burden on the market." This will affect both new and existing housing prices. The tax reform's implications are far-reaching, affecting not just construction companies but also potential homebuyers. The resulting price increases are expected to impact the affordability of housing across Kazakhstan, potentially leading to increased financial strain for many citizens. The government's response to these concerns will be crucial in mitigating the potential negative effects of this reform on the housing market and the overall economy.