FORECASTING THE PRICES OF NEW HOUSES IN KAZAKHSTAN

Abstract

The subject of examination in this article centers around the real estate market in Kazakhstan, particularly focusing on price forecasting within the sector. A comprehensive analysis of price trends for new housing in Kazakhstan from 2001 to 2023 serves as the basis for a thorough predictive study. The article presents the forecasted prices for new housing in the country over the forthcoming three-year period. The analysis considers several independent variables that could impact dynamics of new housing prices in the country, such as inflation rate, GDP per capita, population density, index GINI, building materials price index, minimum subsistence level, poverty, unemployment, and real income index.