ASSESSMENT OF THE ACCESSIBILITY OF BANK MORTGAGE LENDING FOR INDIVIDUALS IN THE REPUBLIC OF KAZAKHSTAN

The purpose of this article is to assess the accessibility of bank mortgage loan products for individuals across various regions of the Republic of Kazakhstan. The research results indicate that, based on official average wage statistics, housing appears to be conditionally affordable in some regions. However, actual data show that approximately 90% of mortgage products remain inaccessible to the majority of the population. The key contributing factors include high interest rates, large initial down payments, challenges in verifying income, and socioeconomic disparities between regions.
The study findings offer both theoretical and practical value for the development of targeted measures to improve housing policy and increase mortgage accessibility. Recommended actions include interest rate subsidies, lowering down payment requirements, and simplifying income verification procedures.
The study employed comparative and quantitative analysis methods. Key indicators such as the Price-toIncome Ratio (PIR), Mortgage Payment as a Percentage of Income (MPI), and the Housing Affordability Index (HAI) were calculated to evaluate mortgage product accessibility across regions. Limitations of the study include the exclusion of informal incomes and shadow economy factors, as well as the inability to analyse several areas (Abai, Zhetysu, and Ulytau).

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