"Kazakhstan stands at a pivotal moment to modernize its housing finance system and unlock family investment in housing as part of its broader
ambition to double the economy by 2029 and reach high-income economy status. Housing affordability remains a binding constraint despite sizable
public support, reflecting structural inefficiencies in mortgage finance, subsidy design, and funding models.
Homes and Hopes: Mobilizing Private Capital for Affordable Housing and Family Investment in Kazakhstan provides a comprehensive analysis
of the Kazakhstani residential mortgage market, including trends, growth determinants, drivers, government policies, market competition, private
capital participation, and households’ access to mortgage loans. This report informs the ongoing policy debate on the future direction of
mortgage market development by proposing options from the perspective of housing affordability, fiscal efficiency, and private capital mobilization. It offers actionable reforms to stakeholders—policy makers
