How Can a Foreigner Purchase Real Estate in Belarus?

It is becoming more often that practicing lawyers are starting dealing with cases where a foreign client has an intention of purchasing real estate (most and foremost – buildings and premises) on the territory of the Republic of Belarus. Obviously this tendency is dictated by the fact that investments into real estate is one of the most reliable forms of investment whereas under the current stable and gradual increase of the value of real estate such investment also becomes profitable. Consequently, first and most important question which the foreigner usually has is whether Belarussian laws allow purchase of real estate by a foreigner.