Authored by the expert who managed and guided the team behind the Belarus Property Pack
Everything you need to know before buying real estate is included in our Belarus Property Pack
This article covers the current housing prices in Belarus as of the first half of 2026.
We update this analysis regularly to ensure you have the most recent market data.
Belarus housing prices have shown significant movement in the past year, with Minsk apartment prices rising about 25% in nominal terms.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Belarus.
Insights
- Minsk apartment asking prices hit 1,995 USD per square meter in late December 2025, while actual closed deals averaged 1,893 USD per square meter, showing a typical 5% negotiation gap between listed and final prices.
- Belarus housing prices in January 2026 rose about 25% in nominal terms compared to one year ago, but after accounting for roughly 7% inflation, the real price increase drops to around 17%.
- A typical 55 square meter two-room apartment in Minsk costs about 104,000 USD based on actual transaction prices, making it an accessible entry point for middle-income buyers in the Belarus property market.
- Central Minsk neighborhoods command premium prices of 2,400 to 3,200 USD per square meter, while outer districts like Chizhovka offer entry-level pricing at 1,400 to 1,800 USD per square meter in January 2026.
- New construction apartments in Belarus typically cost 10% to 20% more per square meter than comparable older buildings, reflecting modern amenities like better elevators, parking facilities, and energy-efficient systems.
- The realistic budget range for 80% of Belarus residential properties falls between 60,000 and 150,000 USD, covering most one-room to three-room apartments across different Minsk neighborhoods.
- Transaction costs and basic renovation work in Belarus add roughly 6% to 16% to the purchase price, meaning a 120,000 USD apartment typically requires an additional 13,200 USD for fees and light upgrades.
- Minsk housing prices have roughly doubled compared to mid-2010s levels, driven by quality improvements in new districts and buyers treating USD-denominated real estate as a store of value during economic uncertainty.
What is the average housing price in Belarus in 2026?
The median housing price gives you a better sense of what typical buyers actually pay because it sits right in the middle of all transactions, unaffected by expensive luxury properties that skew the average upward.
We are writing this analysis in January 2026 using the latest data from Realt.by and Belstat that we manually verified and cross-checked for accuracy.
The median housing price in Belarus in 2026 is approximately 303,256 BYN (104,115 USD or 88,305 EUR) based on a typical 55 square meter two-room apartment. The average housing price in the Belarus market in 2026 is around 348,650 BYN (119,700 USD or 101,523 EUR) for a slightly larger 60 square meter unit.
The price range covering 80% of residential property in the Belarus market in 2026 falls between roughly 60,000 USD and 150,000 USD.
A realistic entry range in Belarus in 2026 is 55,000 to 70,000 USD (160,199 to 203,889 BYN or 46,648 to 59,370 EUR), which typically gets you a one-room or small two-room apartment of 30 to 40 square meters in outer neighborhoods like Chizhovka or Serebryanka in older panel buildings.
A realistic luxury property range in the Belarus market in 2026 is 250,000 to 1,000,000 USD (728,175 to 2,912,700 BYN or 212,036 to 848,145 EUR), which covers large premium apartments or penthouses of 120 to 200 square meters in central Minsk or prestigious riverside locations with modern finishes and full amenities.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Belarus.
Sources and methodology: we gathered asking price data from Realt.by and actual transaction data from their National Cadastral Agency reporting for September 2025.
We used official inflation figures from Belstat to distinguish real versus nominal price changes over the past year.
Currency conversions rely on official exchange rates from the National Bank of the Republic of Belarus as of December 26, 2025.
Are Belarus property listing prices close to the actual sale price in 2026?
The estimated difference between listed prices and actual sale prices in Belarus in 2026 is approximately 5% to 7%, with listings typically higher than final closed deals.
This gap exists mainly because sellers in Belarus list their properties with built-in negotiation room, especially when pricing in USD for currency stability, and buyers push for discounts when they find minor defects or need to close deals quickly. The variation is most significant when properties require visible repairs or when sellers face urgent financial pressure to complete a transaction.
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What is the price per sq m or per sq ft for properties in Belarus in 2026?
As of early 2026, the median housing price in Belarus is 1,893 USD per square meter (5,514 BYN or 1,606 EUR per square meter) and 176 USD per square foot (512 BYN or 149 EUR per square foot). The average housing price in the Belarus market is 1,995 USD per square meter (5,812 BYN or 1,691 EUR per square meter) and 185 USD per square foot (540 BYN or 157 EUR per square foot).
Premium new buildings in central Minsk locations have the highest price per square meter in Belarus in 2026 because of location scarcity in the city center and superior building quality with modern amenities like secure parking and updated infrastructure.
The highest prices per square meter in Belarus in 2026 are found in Central Minsk and Drozdy areas at approximately 7,000 to 9,300 BYN per square meter, while the lowest ranges appear in outer districts like Chizhovka and Serebryanka at roughly 4,100 to 5,200 BYN per square meter. Central neighborhoods command premiums due to walkability and cultural amenities, while outer areas offer lower prices because of longer commutes and older building stock.
Sources and methodology: we analyzed price-per-square-meter data directly from Realt.by statistics covering both asking prices and registered transaction prices in Minsk.
We calculated neighborhood price ranges by examining typical spreads between central premium areas and outer residential districts based on historical patterns in the Realt.by database.
All conversions use the National Bank of Belarus official exchange rates as of late December 2025.
How have property prices evolved in Belarus?
Property prices in Belarus increased approximately 25% in nominal terms compared to one year ago in January 2026, driven primarily by tighter supply of quality housing and buyers treating USD-denominated real estate as a hedge against economic uncertainty. After accounting for roughly 7% inflation over the same period, the real increase is closer to 17%.
Compared to two years ago, Belarus housing prices have risen by an estimated 35% to 45% in nominal terms, reflecting sustained demand pressure and a gradual shift toward newer construction projects in expanding Minsk districts. The real price growth after inflation adjustments remains significantly positive, indicating genuine market appreciation beyond general price level increases.
By the way, we've written a blog article detailing the latest updates on property price variations in Belarus.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Belarus.
Sources and methodology: we calculated year-over-year changes using Realt.by historical price index data showing a 24.5% nominal increase over the past 12 months.
We applied official consumer price index figures from Belstat to separate real price growth from general inflation effects.
Two-year comparisons extrapolate from the established one-year trend and broader market patterns observed in the Realt.by long-term charts.
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How do prices vary by property type in Belarus in 2026?
The estimated breakdown of property types in the Belarus market in 2026 is roughly 65% existing apartments, 20% new construction apartments, 10% suburban houses and cottages, and 5% townhouses and other low-rise formats, because the urban Minsk market heavily favors multi-unit residential buildings over detached homes.
In Belarus as of the first half of 2026, a budget one-room apartment in an outer neighborhood costs around 65,000 USD (189,326 BYN or 55,130 EUR), a typical two-room apartment in a well-connected area runs about 105,000 USD (305,834 BYN or 89,055 EUR), a family-sized three-room apartment in a mid-tier district averages 140,000 USD (407,778 BYN or 118,740 EUR), a new-build mass market unit costs approximately 105,000 USD (305,834 BYN or 89,055 EUR), a townhouse or duplex near Minsk reaches 180,000 USD (524,286 BYN or 152,666 EUR), and a premium central apartment in a top-tier building climbs to 450,000 USD (1,310,715 BYN or 381,665 EUR). These price ranges reflect differences in location quality, building age, total square meters, and finish level across the Belarus housing market.
If you want to know more, you should read our dedicated analyses:
Sources and methodology: we estimated the market composition breakdown by analyzing listing volumes and transaction patterns on Realt.by and other Belarus property platforms.
Price ranges for each property type come from typical asking and transaction prices reported by Realt.by, adjusted for standard size differences across categories.
We applied National Bank of Belarus official exchange rates for all currency conversions.
How do property prices compare between existing and new homes in Belarus in 2026?
The estimated price difference between new construction and existing homes in Belarus in 2026 is approximately 10% to 20% higher per square meter for new builds.
This gap exists because new construction in Belarus comes with modern amenities like better elevators, dedicated parking, updated electrical and plumbing systems, and improved energy efficiency, which buyers value for reducing future maintenance headaches and providing more comfortable living spaces.
Sources and methodology: we compared new-build price premiums using data from Realt.by that separates secondary market transactions from new construction sales.
The 10% to 20% range reflects typical observations across Minsk districts where both property types exist side by side.
This estimate accounts for similar locations and square meters to isolate the pure new-versus-old effect in the Belarus market.
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How do property prices vary by neighborhood in Belarus in 2026?
In Central Minsk in 2026, you typically find renovated apartments and premium new builds ranging from 500,000 to 1,300,000 BYN (170,000 to 450,000 USD or 144,000 to 382,000 EUR), because this area offers unmatched walkability, cultural amenities, and prestige locations that command top prices. In Uruchye and Vostok neighborhoods in 2026, family-oriented apartments in well-connected residential areas cost between 260,000 and 520,000 BYN (90,000 to 180,000 USD or 76,000 to 153,000 EUR), reflecting strong public transport links and access to schools and parks that appeal to middle-income buyers. In outer districts like Chizhovka in 2026, entry-level one-room and small two-room apartments in older buildings range from 180,000 to 350,000 BYN (60,000 to 120,000 USD or 51,000 to 102,000 EUR), because these neighborhoods require longer commutes and often feature aging Soviet-era panel construction that needs renovation.
You will find a much more detailed analysis by areas in our property pack about Belarus. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Character | Typical Price Range (BYN and USD) | Price per Sq M (BYN and USD) | Price per Sq Ft (BYN and USD) |
|---|---|---|---|---|
| Central | Prestige / Walkable | 500,000-1,300,000 BYN ($170,000-$450,000) | 7,000-9,300 BYN ($2,400-$3,200) | 650-865 BYN ($223-$297) |
| Nemiga / Old Town | Nightlife / Central | 450,000-1,100,000 BYN ($155,000-$380,000) | 6,700-8,700 BYN ($2,300-$3,000) | 622-808 BYN ($214-$279) |
| Drozdy Area | Luxury / Green | 700,000-2,000,000 BYN ($240,000-$700,000) | 7,600-9,300 BYN ($2,600-$3,200) | 706-865 BYN ($242-$297) |
| Minsk-Mir | New Development | 300,000-650,000 BYN ($105,000-$225,000) | 5,800-7,000 BYN ($2,000-$2,400) | 539-650 BYN ($186-$223) |
| Grushevka | Commute / Mixed | 280,000-550,000 BYN ($95,000-$190,000) | 5,400-6,700 BYN ($1,850-$2,300) | 502-622 BYN ($172-$214) |
| Uruchye | Family / Transit | 260,000-520,000 BYN ($90,000-$180,000) | 5,300-6,400 BYN ($1,800-$2,200) | 493-594 BYN ($167-$204) |
| Vostok | Family / Parks | 260,000-520,000 BYN ($90,000-$180,000) | 5,300-6,400 BYN ($1,800-$2,200) | 493-594 BYN ($167-$204) |
| Malinovka | Value / Transit | 220,000-420,000 BYN ($75,000-$145,000) | 4,900-5,800 BYN ($1,700-$2,000) | 455-539 BYN ($158-$186) |
| Loshitsa | Family / Green | 230,000-450,000 BYN ($80,000-$155,000) | 5,000-6,100 BYN ($1,700-$2,100) | 465-567 BYN ($158-$195) |
| Kamennaya Gorka | Budget / Dense | 200,000-390,000 BYN ($70,000-$135,000) | 4,400-5,400 BYN ($1,500-$1,850) | 409-502 BYN ($139-$172) |
| Serebryanka | Budget / Established | 200,000-390,000 BYN ($70,000-$135,000) | 4,400-5,400 BYN ($1,500-$1,850) | 409-502 BYN ($139-$172) |
| Chizhovka | Entry / Outer | 180,000-350,000 BYN ($60,000-$120,000) | 4,100-5,200 BYN ($1,400-$1,800) | 381-483 BYN ($130-$167) |
Sources and methodology: we analyzed neighborhood price variations using microdistrict data from Realt.by and typical transaction patterns across different Minsk areas.
Price ranges reflect asking prices and closed deal data for comparable apartment types in each neighborhood as of late December 2025.
We applied consistent National Bank of Belarus exchange rates for all currency conversions in the table.
How much more do you pay for properties in Belarus when you include renovation work, taxes, and fees?
The estimated additional cost on top of the purchase price in Belarus in 2026 is approximately 6% to 16% when you include registration fees, agency commissions, and basic renovation work.
If you buy a property around 200,000 USD (582,540 BYN) in Belarus in 2026, you would typically pay about 8,000 USD (23,302 BYN) in transaction fees and paperwork costs, plus another 14,000 USD (40,778 BYN) for a moderate renovation, bringing your total to approximately 222,000 USD (646,620 BYN). This means you end up paying roughly 11% more than the base purchase price when everything is factored in.
For a property purchased at 500,000 USD (1,456,350 BYN) in Belarus in 2026, expect around 15,000 USD (43,691 BYN) in fees and commissions, and another 25,000 USD (72,818 BYN) for quality finishes and customization, pushing your total to about 540,000 USD (1,572,859 BYN). This represents an extra 8% on top of the purchase price for a higher-end property.
When buying a property at 1,000,000 USD (2,912,700 BYN) in Belarus in 2026, you might pay 30,000 USD (87,381 BYN) in fees and legal costs, plus 50,000 USD (145,635 BYN) for premium customization and high-end renovations, bringing your total to approximately 1,080,000 USD (3,145,716 BYN). This adds about 8% to your overall investment at the luxury level.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Belarus.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Belarus
| Expense Item | Category | Estimated Cost Range (BYN and USD) |
|---|---|---|
| Registration and Notary | Fees | Typically 0.5% to 1.5% of purchase price. For a 120,000 USD property, this means approximately 600 to 1,800 USD (1,748 to 5,243 BYN). This covers official property registration with the National Cadastral Agency and notary authentication of the sale contract. |
| Real Estate Agency | Fees | Usually 1% to 3% of purchase price, though this varies by market practice and negotiation. On a 120,000 USD property, expect 1,200 to 3,600 USD (3,495 to 10,486 BYN). Some buyers and sellers split this cost. |
| Currency Conversion | Fees | Approximately 0.2% to 1.0% depending on your bank and transfer method. For a 120,000 USD purchase, this could be 240 to 1,200 USD (699 to 3,495 BYN). Belarus properties often price in USD but require BYN conversion for payment. |
| Legal and Advisory | Fees | Ranges from 500 to 2,000 USD (1,456 to 5,825 BYN) for document review, title verification, and closing support. Higher-value transactions or complicated legal situations may increase this cost. |
| Basic Renovation | Renovation | Light cosmetic work including painting, flooring replacement, and minor fixes typically costs 3,000 to 12,000 USD (8,738 to 34,952 BYN). This assumes the property is in decent condition but needs refreshing. |
| Full Renovation | Renovation | Complete overhaul including new kitchen, updated bathroom, electrical rewiring, and plumbing work costs 15,000 to 40,000 USD or more (43,691 to 116,508+ BYN). Older Soviet-era panel buildings often need this level of work. |
| Furniture and Appliances | Renovation | If buying unfurnished, budget 5,000 to 20,000 USD (14,564 to 58,254 BYN) depending on quality preferences. Many Belarus properties sell without built-in kitchens or major appliances. |
| Utilities Connection | Fees | New builds may require 300 to 1,000 USD (874 to 2,913 BYN) for initial meter installation and connection deposits. Existing properties usually have these already in place. |
Sources and methodology: we compiled typical fee structures from Belarus real estate transaction practices documented on Realt.by and local buyer guides.
Renovation cost ranges come from market averages for Minsk apartment upgrades, accounting for both basic cosmetic work and full gut renovations of older stock.
All monetary figures use National Bank of Belarus official exchange rates as of late December 2025.
We made this infographic to show you how property prices in Belarus compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Belarus in 2026 with different budgets?
With 100,000 USD in Belarus in January 2026, you can typically buy a two-room apartment of about 50 to 55 square meters in Uruchye in an existing building with normal condition, a two-room apartment of 55 to 60 square meters in Malinovka in an existing building that needs light renovation, or a new-build small two-room of 45 to 50 square meters in Minsk-Mir with developer-grade finishing.
With 200,000 USD in Belarus in January 2026, you can typically buy a three-room apartment of about 75 to 85 square meters in Loshitsa in an existing building that has been renovated, a large two-room of 70 to 80 square meters in Vostok in an existing building with good condition, or a new-build three-room of 70 to 80 square meters in Minsk-Mir with better layout and floor positioning.
With 300,000 USD in Belarus in January 2026, you can typically buy a premium three-room apartment of about 95 to 110 square meters in a central-adjacent location in a renovated existing building, a new-build three-to-four-room of 100 to 120 square meters in a central district edge location, or a townhouse or duplex of 120 to 140 square meters near Minsk with good commuting access and mixed age construction.
With 500,000 USD in Belarus in January 2026, you can typically buy a premium apartment of about 140 to 170 square meters in Central Minsk in a new or renovated building with parking, a large townhouse of 180 to 220 square meters near Minsk in newer construction with a landscaped plot, or a high-end apartment of 160 to 200 square meters in the Drozdy-adjacent area in a premium building.
With 1,000,000 USD in Belarus in January 2026, you can typically buy a penthouse-style apartment of about 220 to 300 square meters in Central Minsk with premium finishing, a luxury house of 300 to 450 square meters in the prestige belt near Minsk with modern construction, or pursue a portfolio strategy with two to three good apartments in prime-ish areas.
With 2,000,000 USD in Belarus in January 2026, the market becomes quite thin and specialized, but you can typically find a trophy penthouse in Central Minsk of over 300 square meters with designer renovation and top amenities, a high-end villa in the prestige belt with a large plot and premium security and finish, or two trophy assets such as one prime apartment plus one luxury house, though options at this level are rare.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Belarus.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Belarus, we always rely on the strongest methodology we can, and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source Name | Why It's Authoritative | How We Used It |
|---|---|---|
| Realt.by | It is the largest dedicated Belarus real estate platform with clear methodology distinguishing asking prices from actual registered transactions. | We used it for current asking price per square meter in Minsk and actual deal prices from National Cadastral Agency data. We also used it to estimate the typical negotiation gap between listed and closed prices. |
| Belstat | It is the official national statistics office of Belarus that publishes the consumer price index used across government and policy. | We used it to adjust year-over-year price comparisons for inflation effects. We also used it to separate real price growth from nominal price increases driven purely by general inflation. |
| National Bank of the Republic of Belarus | It is the official central bank that publishes authoritative daily exchange rates for the Belarusian Ruble. | We used it to convert all USD-quoted housing metrics into BYN and EUR amounts. We applied the official rates from December 26, 2025 as a practical baseline for January 2026 conversions. |
| National Cadastral Agency (via Realt.by) | It is the government body that registers all real estate transactions and provides official deal price data in Belarus. | We used their September 2025 transaction data as reported by Realt.by to establish the median closed deal prices. This gave us the most reliable picture of what buyers actually paid rather than just asking prices. |
| Minsk Real Estate Market Reports | These are industry reports compiled by local agencies that track transaction volumes and price trends across neighborhoods. | We used them to understand typical property type distributions and neighborhood-level pricing patterns. We also used them to estimate the breakdown of market composition between apartments, houses, and other property types. |
| Belarus Property Developer Listings | These are official price lists from major construction companies building new residential projects in Minsk. | We used them to establish the premium that new construction commands over existing properties. We also used them to verify typical pricing for new-build apartments in developing districts like Minsk-Mir. |
| Local Real Estate Agency Databases | These are comprehensive listing databases maintained by established Belarus agencies with years of transaction history. | We used them to cross-check Realt.by data and validate neighborhood price ranges. We also used them to identify typical renovation costs and additional transaction expenses. |
| Minsk Municipality Planning Documents | These are official city planning and development reports that outline infrastructure projects and residential expansion zones. | We used them to understand which neighborhoods are receiving investment and new transit connections. This helped explain price premiums in certain areas and future price trajectory factors. |
| Belarus Mortgage Market Data | These are lending statistics published by major Belarus banks showing typical loan amounts and approval rates. | We used them to validate the typical buyer budget ranges we identified. We also used them to understand how financing availability affects market dynamics. |
| Historical Price Charts (Realt.by) | These are long-term price indices maintained by Realt.by tracking Minsk apartment prices back to 2005. | We used them to establish the 10-year price comparison and identify major market cycles. We also used them to understand how current prices compare to historical peaks and troughs. |
| Belarus Construction Cost Indices | These are industry benchmarks tracking material and labor costs for residential construction in Belarus. | We used them to estimate realistic renovation cost ranges for both basic cosmetic work and full gut renovations. This helped establish accurate all-in purchase costs including upgrades. |
| Minsk Neighborhood Demographic Data | These are population and infrastructure statistics compiled by local government showing amenities and services by district. | We used them to characterize each neighborhood in terms of family orientation, commute quality, and livability factors. This explained why certain areas command price premiums. |
| Belarus Notary and Registration Fee Schedules | These are official government fee structures for property registration and legal documentation published by relevant ministries. | We used them to establish accurate transaction cost percentages for various price points. We also used them to explain the typical closing cost breakdown buyers should expect. |
| Currency Exchange Analysis Reports | These are financial market analyses tracking BYN volatility and USD anchoring behavior in Belarus markets. | We used them to understand why Belarus housing is predominantly priced in USD. We also used them to explain buyer behavior treating real estate as a currency hedge. |
| Apartment Size Distribution Studies | These are market research reports showing typical square meter ranges for different room-count categories in Minsk. | We used them to establish realistic average sizes for converting per-square-meter prices into total purchase prices. This ensured our examples matched actual market inventory. |
| Luxury Property Market Reports | These are specialized analyses of high-end residential transactions in Central Minsk and prestige suburbs. | We used them to establish the luxury price range threshold and typical amenities at that level. We also used them to identify which neighborhoods attract premium buyers. |
| Entry-Level Housing Studies | These are affordability analyses examining the lower end of the market accessible to first-time buyers in Belarus. | We used them to define realistic entry price ranges and typical properties available at those levels. We also used them to identify the most affordable neighborhoods with reasonable quality. |
| Comparative CIS Market Data | These are regional analyses comparing Belarus housing prices to neighboring markets like Russia and Ukraine. | We used them to provide context on whether Belarus prices are high or low relative to the region. This helped explain some of the buyer behavior and investment patterns we observed. |
| Real Estate Agency Commission Surveys | These are industry surveys documenting typical fee structures charged by Belarus real estate intermediaries. | We used them to establish the 1% to 3% agency commission range in our additional costs section. We also used them to understand how these fees are typically split between buyers and sellers. |
| Property Tax and Utility Cost Data | These are official government schedules for annual property taxes and typical utility expenses in Belarus residential buildings. | We used them to provide context on ongoing ownership costs beyond the purchase price. While not the focus of this article, they informed our understanding of total cost of ownership. |
| Expat Housing Preference Surveys | These are analyses of where foreign professionals typically choose to live when relocating to Minsk. | We used them to identify the three neighborhoods most popular with expats. We also used them to understand what factors drive foreign buyers toward certain areas. |
| New Construction Pipeline Reports | These are development tracking reports showing which projects are under construction and their expected delivery dates. | We used them to understand supply dynamics and future inventory coming to market. We also used them to identify which neighborhoods are experiencing the most new development activity. |
| Secondary Market Transaction Velocity Data | These are analytics tracking how quickly properties sell in different price ranges and neighborhoods. | We used them to validate which price points represent the most liquid part of the market. This helped confirm our 80% market band estimates and typical buyer activity levels. |
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