The specialist answered how the construction of houses by GIK has affected the real estate market.

Юлия Воробьева Economy
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According to Aman Kebekov, the chief specialist of the cadastral valuation sector of the State Agency for Land Resources, Cadastre, Geodesy, and Cartography, the construction of multi-apartment buildings by the GIK has led to a slowdown in the growth of housing prices in Kyrgyzstan. He reported this on the air of "Birinchi Radio."

Although the rise in apartment prices is still ongoing, its pace has significantly decreased compared to previous years.

Kebekov emphasized that the reduction of available land for development also contributes to this process, which ultimately affects prices.

Moreover, he noted that there is an increase in the cost of residential houses on the outskirts of Bishkek, the main factor of which is the "improvement of infrastructure."

Photo on the main page: press service of the President of the Kyrgyz Republic.
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