Construction work in Kazakhstan rose 11.5% year on year in January–September 2026, while housing completions increased 2.7% to 13.2 million square metres, according to the expert centre for individual housing construction at TechnoNICOL Corporation, as reported by infohub.kz. The share of individual housing construction (IHC) reached 34.8%, up 3 percentage points from the first half of the year.
Households spent 944.8 billion tenge on housing construction, 7.7% more than a year earlier, the report said. The average actual cost of one square metre built by Kazakh residents rose 6.3% to 191,000 tenge. In September, the number of transactions involving private houses increased 2.7% from August, giving the segment 23.5% of all housing sales.
The growing share of IHC in housing completions is largely seasonal: private developers traditionally complete more projects in the third quarter. The scope for new construction depends above all on the availability of land with utility connections. In Almaty Region, 1.38 million people are on the waiting list for land for individual housing, and in Turkestan Region 508,000. Preparing land takes time and infrastructure investment, so existing interest in private homes is only gradually translating into new projects.
A reform giving commercial banks access to the housing construction savings system opens up additional financing options. The programmes require borrowers to save part of the cost of housing in advance, after which they can obtain a loan for building a house at a rate starting from 5% a year. The reform's more noticeable impact on the market may come in 2027–2028 as future borrowers build up their savings.
Tatyana Suvorova, head of the expert centre, forecasts that the IHC share will remain at 32–35%. The main construction potential is concentrated in Turkestan and Kyzylorda Regions. The importance of repair, reconstruction and energy efficiency of homes will also grow.
“Private developers are above all looking for durable solutions. Roofing, facades and insulation are the elements where rework costs the most, and their quality determines both the service life of the house and the owner's future expenses. Insulation shipments in Kazakhstan are already growing at double-digit rates — interest in energy efficiency is confirmed by the numbers. We are developing our product lines in the country precisely for these needs,” said Tatyana Suvorova, head of the expert centre for individual housing construction at TechnoNICOL Corporation's Cottage and Low-Rise Construction business unit.