According to Myfin.by (Real Estate), average secondary-market prices in Minsk were 27% higher in H1 2026 than a year earlier, while sales volumes dropped and a 1% Belarusbank mortgage promo added pressure.
According to Myfin.by (Real Estate), citing the National Cadastral Agency, the average price per square metre on Minsk's secondary market in US dollars was 27% higher in the first half of 2026 than in the first half of 2025. Depending on the number of rooms, the increase was $420–470 per square metre. The median price rose by roughly the same amount, which suggests that growth affected not only expensive properties but the mass market as well. Transaction numbers are moving the other way. From January to June, about 1,200 fewer apartments were sold in Minsk than a year earlier (down 17%), and the total area sold also fell by 17%, while total buyer spending rose by 5%. Supply on the secondary market shrank from about 6,800 to about 4,500 listings over the year. In the second quarter, deals involving apartments of up to 40 sq. m grew by 23% compared with the first quarter, pointing to demand concentrating in the more affordable, limited-choice segment. Incomes are growing more slowly than prices. Belstat data cited in the article put the average monthly wage in July 2026 at 3,172 Belarusian roubles nationwide and 4,116.3 roubles in Minsk, up about 14.4% and 11.7% year on year respectively. The author calculates that a one-room flat priced at 227,000 roubles equals about 55 average Minsk monthly wages, a two-room flat almost 69, and a three-room flat about 73 (a theoretical figure that ignores taxes and living costs). The article also notes the effect of Belarusbank's "Ipoteka s nami" programme: from 10 August, selected apartments from partner developers could be financed at 1% per year for the first two years, after which the rate rises to 15.4%. So it is a temporary promotional period rather than a 1% loan for the full term. The promotion boosted interest in new-build flats, with a rush at some developers at the start. This is a description of market data, not investment or legal advice.