Kazakhstan Changes Real Estate Transaction Rules
Summary
Starting September 8, real estate transactions in Kazakhstan must be certified by a notary where the property is located.
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On September 8, new regulations regarding real estate transactions came into force in Kazakhstan. Parties to a deal are now required to certify agreements strictly with a notary located in the area where the property itself is situated.
The updated requirement is governed by Article 54 of the Law of the Republic of Kazakhstan "On Notaries", according to construction and renovation expert Dilyara Seitnurova.
Since 2021, Kazakhstan had operated under an extraterritorial principle that allowed buyers and sellers to finalize property transactions at any notary across the country regardless of the real estate location.
Source: Kursiv
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