Overheating. Dastan Bekeshev Proposes Introducing State Price Regulation for Real Estate

Ирэн Орлонская Politics
VK X OK WhatsApp Telegram
Deputy of the Jogorku Kenesh Dastan Bekeshev expressed his opinion on the need for state regulation of prices in the real estate market in Kyrgyzstan. He emphasized that this decision would help curb the rise in housing prices and the level of inflation.
Illustrative photo
According to him, attempts to build affordable housing and seize residential properties do not contribute to lowering prices. The increase in housing costs also affects the rise in rental prices and accelerates inflationary processes.
Dastan Bekeshev highlighted the main factors contributing to this situation: the rising cost of construction materials, high demand, and a lack of alternative investments. "Real estate in our country is the most profitable investment. Those who have free funds prefer to invest them in construction," he added.
In addition, Bekeshev commented on the influence of foreign capital on the market. He believes that the role of non-residents in the demand for housing is exaggerated and proposed tightening the conditions for such investors.
In particular, he suggests increasing property taxes for foreigners, banning the purchase of secondary housing, and introducing additional fees when acquiring multiple real estate properties.
To stabilize the market and reduce prices, the deputy proposes several measures:



Dastan Bekeshev realizes that these proposals may cause dissatisfaction among property owners; however, he noted that the overheating of the market and high prices negatively affect all citizens of the country.
VK X OK WhatsApp Telegram