Who Will Own Homes and Apartments in Kyrgyzstan?

Friday, July 18, 2025 | 16:35 Housing is becoming more expensive and less affordable. Real estate prices in Kyrgyzstan are rising, partly due to foreign demand. For this reason, MP Dastan Bekeshev proposed increasing property taxes for foreigners. “Lately, I’ve been receiving more and more appeals from citizens concerned about the active buying of apartments in Kyrgyzstan, especially by Chinese nationals. People fear that at this rate, Kyrgyz citizens themselves will no longer be able to afford housing. We could ban foreigners from buying, but we’d lose investment and damage the economy. Leaving everything as it is will lead to future conflicts. A permit-based system would only bring bureaucracy and corruption. That’s why I propose a sensible compromise — higher property taxes for foreigners. This way, we’ll boost the local budget, cool the overheated housing market, and protect the interests of Kyrgyz citizens,” said Bekeshev. “Similar restrictions are applied worldwide. However, we need to create conditions to attract investment like in Singapore. We want real estate investors to come here — but with safeguards, so foreigners don’t buy everything,” economist Iskender Sharsheev told Vesti.kg. He recalled a similar situation in 2006 when about 20% of real estate in Kyrgyzstan was bought by Kazakhstani investors. “Our citizens are afraid of history repeating itself. The current market is highly attractive to investors, so we must create conditions that ensure housing remains accessible to Kyrgyz citizens while still allowing foreigners to contribute to market development,” he noted. Hashtags: #KyrgyzstanHousing, #RealEstateCrisis, #ForeignInvestment, #PropertyTax, #DastanBekeshev, #IskenderSharsheev, #KyrgyzEconomy, #HousingAffordability, #ChineseBuyers, #HousingPolicy, #PropertyMarket, #HomeOwnership, #AffordableHousing, #InvestmentRules, #HousingRegulation, #BudgetRevenue, #UrbanDevelopment, #KyrgyzPolitics, #RealEstateLaw, #ForeignBuyers