Cushman & Wakefield Kazakhstan is pleased to announce the appointment of Semyon Yurchenko as Partner and Head of Occupier Services.
COVID - 19: IMPACT ON THE CRE MARKET IN KAZAKHSTAN
Prior to the first confirmed cases in Kazakhstan, in the second half of March, the government pre-emptively sprung into action and gradually introduced strict measures in an attempt to minimise the outbreak of Covid-19. With a state of emergency declared on 15 March, authorities progressively enforced the closure of all public places, educational institutions, and non-essential business enterprises.
COVID - 19: IMPACT ON GLOBAL REAL ESTATE MARKET
The Covid-19 situation is evolving quickly. Over the last several weeks, the virus has affected over 1.5 million people globally (as of 10/04/20) and it continues to spread exponentially. The world is living through a public healthcare crisis, the likes of which have not been experienced in the modern era. Individually, countries are introducing measures aimed at flattening the infection curve, to spread the load on national health services.
MARKET SNAPSHOTS Q4 2019 ALMATY
Kazakhstan economy ended the year of 2019 on an optimistic note with fragile signs of improvement. However, despite the economy was proving resilient, Almaty commercial real estate market is yet to respond with the improving fundamentals. Learn more about how these three sectors have progressed in Q4 2019 in our Snapshots.