Lyazzat Ibragimova, the head of the "Otbasy Bank," shared in the Senate's corridors what two innovations to expect in the housing market in Kazakhstan in the near future. To enhance transparency in the housing market, cashless payments and VAT will be introduced.
According to Ibragimova, these measures will have a positive impact on the housing market in Kazakhstan as a whole. Large companies are already accounting for VAT, so the new measures will not affect price increases, while smaller companies will need to establish proper accounting, which will help protect investors.