Released on = April 19, 2006, 1:07 am

Press Release Author = Property Horizons Ltd

Industry = Real Estate

Press Release Summary = Most emerging real estate market analysts only deal with the
UK, USA, and conventional places in Europe. Here is a different view of a less well
known but equally hot and active economy complete with an active real estate market.


Press Release Body = ASTANA. April 18, 2006. KAZINFORM. /Zauresh Balkenova/ Draft
amendments to the law On investment funds foreseeing foundation of corporate realty
investment funds has been introduced at today\'s governmental session on rental
housing sector development.

In this world of uncertainties and changing situations, the ups and downs of real
estate investor fortunes has behaved very much like the traditional \'Mexican Wave\'
as loved at football crowds everywhere. The \'wave\' sweeps around the stadium, and as
one sector stands up the other goes down.

Exactly the same happens in the real live business of real estate marketing. As one
country\'s prices go up, the next one seems to go down, and this effect just seems to
continue, the only difference being that the trend inevitably is always and finally
upwards.

The UK, Spain, France, the USA, and the emerging Eastern European countries are no
exception to this \'Wave\', and are forever in the spotlight.

But there are more countries in the world involved in real estate than just these
few stalwarts, and many of then have strong and growing economies, and fast-rising
real estate values.

One such country is Kazakhstan, the largest of the former Soviet republics in
territory, excluding Russia itself, which possesses enormous fossil fuel reserves
and plentiful supplies of other minerals and metals. The breakup of the Soviet Union
on 1991, and with it the collapse of Kazakhstan\'s traditional market for its heavy
industry resulted in the Mexican Wave swinging to the low side. From 1995 to 1997
however, the Mexican Wave was on the move again this time upwards, as government
reform and privatization continued to move forward. With ambitious cooperation
project with China to build oil pipe lines from the Caspian to the Chinese border,
the Kazakhstan government has now started on a policy of encouraging and developing
light industry as a buffer against the single economy of oil. as there are a number
of ongoing disputes with several other nations regarding oil based issues.

However, pressures on the economy continues to grow, due to upward pressures on the
currency from to massive oil-related foreign exchange inflows.

Not the most stable of situations, but in view of the relative strength of their
economy, the real estate situation can not be totally disregarded. After all, look
what has happened to former Soviet Republics to the West of the old USSR Empire.

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for more information on emerging and changing real estate markets across the Globe.








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