Housing prices in Bishkek have leveled with global rates. The government explained the reason.

Елена Краснова Society
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At a recent meeting of the Jogorku Kenesh, Bolotbek Borbieyev raised a concerning issue regarding the rapid rise in housing prices.

He noted that the cost of apartments in Bishkek has nearly equaled prices in leading cities around the world, and expressed bewilderment: could it be that the population's income has reached such heights?

Borbieyev also asked, "You control price increases in other sectors, but what are you doing to address the housing problem?"

In response, Deputy Prime Minister Daniyar Amangeldiev suggested discussing this issue within the framework of a joint commission established by the parliament and the government. However, he emphasized that current prices are still under control.

"The state has the right to intervene in the event of a sharp rise in prices in certain sectors. But thanks to the efforts of the State Mortgage Company, housing prices remain stable. If it weren't for the SMC, the cost of housing would be significantly higher, as there is a shortage of land plots in Bishkek and other major cities. The price of one square meter of land directly affects the cost of housing. Therefore, the SMC plays a regulatory role, ensuring price stability," he added.
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