Kazakhstan strengthens shared construction rules to protect homebuyers
Kazakhstan has rolled out new safeguards for shared construction projects to protect buyers and streamline processes. The measures include stricter financial controls, expanded guarantee coverage, and digital tools to prevent fraud. These changes follow years of government-backed support for housing developments across the country.
Since 2017, the Kazakhstan Housing Company (KZhK) has guaranteed 290 housing projects worth over 1.5 trillion tenge. More than 1,200 developments in all 17 regions have received backing, with the highest concentrations in Almaty, Nur-Sultan, Akmola, Aktobe, and Shymkent. The latest reforms now extend guarantee coverage to Akmola and Ulytau, offering zero-cost debit guarantees to developers.
Cashless payments for shared construction contracts are now compulsory, processed through 12 banks linked to the Kazreestr system. Monitoring services for project legality have also been added to mobile apps of major banks and the eGov Mobile platform. A full shift to electronic contracts with instant registration is set for April, replacing paper-based processes. The government has simplified experience requirements for developers, lowering thresholds in major cities and regional areas. Buyers purchasing property at the foundation stage under KZhK protection save around 15% compared to finished units. A dedicated portal, homeportal.kz, allows users to verify KZhK permits or guarantees before committing to a purchase. These updates form part of a multi-level safeguard system introduced after presidential directives. The goal is to eliminate double sales, registration delays, and financial risks if developers fail to deliver.
The reforms aim to create a more transparent and secure housing market in Kazakhstan. Digital verification, mandatory cashless payments, and expanded guarantees reduce risks for buyers and developers alike. The transition to electronic contracts in April marks the final step in modernising the system.
