The real estate market of Kazakhstan is one of the most dynamically developing markets in the region. In 2023, it is expected that it will continue its development and become even more attractive to investors. One of the main reasons for the growth of the real estate market is the increase in demand for housing from the population. The population of Kazakhstan is growing, and many people want to improve their living conditions. In addition, many companies and organizations are expanding their offices and warehouses in Kazakhstan and need additional premises for their needs. However, the growth of the real estate market is also associated with some risks. For example, a change in oil prices may lead to a decrease in demand for real estate, which may negatively affect the market. In addition, the economic crisis may lead to a reduction in household incomes and a decrease in demand for housing. In order to minimize risks, investors should carefully analyze the real estate market and choose objects for investment taking into account their growth potential. It is also important to take into account inflation and changes in legislation that may affect the value of real estate. In general, the real estate market of Kazakhstan continues to develop and attract investors. However, for successful investment in this market, it is necessary to take into account all the risks and make informed decisions.