Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
Why Buy or Invest in New Real Estate Developments in Kazakhstan.
Kazakhstan has experienced steady economic growth over the past decade, with growth driven by industries such as energy, mining, and agriculture. The country is also positioning itself as a regional economic hub in Central Asia, attracting foreign investments and fostering a stable business environment. This growth contributes to demand for residential and commercial real estate.
Kazakhstan is strategically located at the crossroads of Europe and Asia. Its proximity to key global markets such as China, Russia, and the Middle East enhances the potential for trade and economic partnerships. The country’s strong transport infrastructure (including rail and road networks) also facilitates regional trade, boosting demand for logistics and industrial properties.
Kazakhstan is increasingly positioning itself as a tourist destination with its rich cultural heritage, scenic landscapes, and growing international recognition. This opens up opportunities for real estate developments catering to the hospitality industry, such as hotels, resorts, and tourism-related commercial spaces.
Many new developments are being undertaken in Kazakhstan’s major cities, with modern residential complexes, mixed-use developments, and commercial properties. As the market matures, these properties could see long-term appreciation in value, especially those in growing neighborhoods.
