Tilektes Adambekov suggests that the "7-20-25" program should allow Kazakhstanis to purchase housing on the secondary market. He argues that the current mechanism, which restricts home purchases to new constructions, is ineffective, as most apartments in new buildings are sold during the construction phase, leaving many people unable to buy a home.
He pointed out that it would be beneficial to develop a program enabling people to buy 3-room and 4-room apartments at interest rates of 7%, 8%, or even 9%. The program has set certain limits, but in Astana, it's nearly impossible to find a large apartment for 20 million tenge; even a one-room apartment is hard to come by at that price. Meanwhile, for 25 million tenge, people are purchasing one-room apartments, closing them off, and then are forced to take out loans for expansion.
Deputy Nurtay Sabilyanov supported Tilektes Adambekov, stating that it is necessary to allow the purchase of homes on the secondary market and not just support construction companies.
Vice Minister of National Economy Baurzhan Kudaybergenov explained why this cannot be implemented at the moment: “The essence of the '7-20-25' program addresses two issues. First, it aims to solve housing problems so that people can acquire homes, and second, it is intended for economic development. We must develop the construction sector. If we allow purchases on the secondary market, it will halt our construction industry, which impacts jobs and tax revenue. Therefore, we need to consider this comprehensively.”
The National Bank has made amendments to the decree "On Approving the Mortgage Housing Lending Program '7-20-25'. The document anticipates establishing an annual funding volume for the program at 100 billion tenge by 2025.