Real Estate Market

In the past years the real estate market in Belarus has been booming. It is especially true for the capital and to a lesser extent – for Belarusian province. However, in relation to the province the term «lesser» is not quite appropriate. Thus, while in Minsk price of the real estate during the past four years has grown almost three times higher, in the other developing Belarusian cities it has grown twice higher. The current rate of the prices is obviously not the limit. It is proved by the growing demand for the real estate objects, resulting in the rapid and continuous increase of the prices. This is happening despite of the annual increase of building volumes and constant stimulation of the construction programs (especially in rural areas) by the government.