Buying real estate in Kazakhstan

Buying real estate in Kazakhstan
Buying Real Estate



Before buying a property, you need to make sure that the transaction will be legal. To do this, you need to ask the owner for the following documents:

– certificate of registered rights to real estate and its technical characteristics.

– Documents of title (sales and purchase agreement and others)

– Technical plan – this document will allow you to compare the actual layout and the layout reflected in the plan. They must match.

After familiarization with the documents, it is necessary to draw up and sign a contract of sale of real estate in writing at a notary.

After the conclusion of the transaction, settlement is made. It is better to pay in a non-cash form. If this is not possible, you must definitely collect a receipt from the seller for the acceptance of money.

Next, you need to register the transfer of ownership. To do this, you need to contact the Population Service Center with an application, attach all documents for the real estate and within 3 working days the ownership of the new property will be registered.

Foreigners can own a dwelling place in the Republic of Kazakhstan (with the exception of temporarily staying foreigners) and other property.

BUT in order for a foreigner to buy real estate in the Republic of Kazakhstan, he or she needs a residence permit.

There are also land restrictions. Thus, the private property of foreigners and foreign legal entities cannot be land intended for agricultural production and afforestation.

Land plots located in the border zone of the State Border of the Republic of Kazakhstan also cannot be owned by foreigners, stateless persons, citizens of the Republic of Kazakhstan who are married to foreigners.

source

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