Buying real estate in Belarus?

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Buying a property in Minsk: a complete guide

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property investment Minsk

Yes, the analysis of Minsk's property market is included in our pack

Thinking of buying a property in Minsk? You're not alone!

Many people are intrigued by Minsk's Soviet history and dream of owning a modern apartment or a comfortable villa in this city.

Is it worth investing there, though? Are property prices increasing in Minsk? What is the current trend? Should you consider investing in the City Center or Zhdanovichi? Is there any hidden tax? Where are the best rental yields?

We have all the answers you need.

The Investropa team has thoroughly explored this market. Actually, we have condensed all our findings in a pack. Get it now.

In this article, we're happy to share useful information with you.

How's the real estate market in Minsk?

Are property prices booming or faltering? Instead of relying on opinions, we turn to hard data and stats for clarity

Property types

In Minsk, there are various types of properties available for sale to cater to different preferences and needs.

These include apartments ranging from cozy studios to spacious multi-bedroom units, suitable for both individuals and families. Additionally, there are standalone houses with varying sizes and features, offering more privacy and outdoor space.

For those seeking a more modern lifestyle, townhouses might be appealing, often designed with contemporary amenities.

Lastly, commercial properties like shops and offices are also on offer for those interested in business opportunities.

Buying vs Renting

(In case you want it for yourself, not for rental purposes)

If Minsk is your city of choice, you may be contemplating whether to buy or rent a property in this lively capital city of Belarus.

Obviously, it's better to buy if you are looking for an investment opportunity and want to build equity in a property.

Actually, decisions become clearer with the property price-to-rent ratio in mind. This metric give an indication of how many years of rental income it would take to cover the cost of buying a property at its current price.

According to Numbeo, the property price-to-rent ratio in Minsk is around 21.32, which is around the world average.

Simply put, it would typically require 21 years of rental payments to buy a property in Minsk.

Property prices in Minsk

On average, according to the last data from National Statistical Committee of the Republic of Belarus, buying a property in Minsk will cost you around $1,960 per square meter.

Of course, prices vary. A city-center apartment in Minsk might have a different price per square meter than a suburban house in Zhdanovichi. We actually give you a more detailed breakdown in our pack for buying property in Minsk and in Belarus.

To put things in perspective, it is 10 times less than the prices in the center of New York.

Moreover, housing prices in Minsk are more affordable (-15%) than in Kyiv.

The most expensive neighbourhoods in Minsk are probably Tsentralny District and Moskovsky District, while the cheapest are likely to be Zavodsky District and Partyzanski District.

Minsk Property Price per Square Meter


First and foremost, we have to acknowledge that Belarus is, today, a relatively stable country. The last Fragile State Index that has been reported for this place is 68.7.

This is important to remember when wondering if it's a good investment to buy a property in Minsk.

Also, according to the International Monetary Fund, Belarus's economy is expected to soar by 4.7% in the coming 5 years, resulting in an average GDP growth rate of 0.9%.

If you want to invest in real estate in Minsk it's a good thing because it means people are getting richer and then housing prices are likely to increase.

Also, in Belarus, the average GDP per capita has changed by 0.8% over the last 5 years. It's not much, but the growth is here.

Looking for more updated data? We've done a big-picture study to find out if it's a good idea to purchase property in Belarus right now.

Buying property in Minsk

Buying real estate in Minsk can be difficult due to the lack of reliable and up-to-date information about the market. That's why we have created the pack to buy property in Minsk and in Belarus.

Buying process

Within our pack, we've covered the entire buying process extensively. This includes a detailed breakdown of prices and yields based on the area, advice on negotiating prices, and information about obtaining a mortgage.

Now, we're providing you with a simplified version.

This is the step-by-step process to purchase a property in Minsk:

  1. Determine your budget and property requirements.
  2. Engage a licensed real estate agent or check listings on the Minsk real estate market.
  3. Visit properties and choose one that suits you.
  4. Conduct due diligence, including checking the property's technical passport, cadastral plan, and history at the National Cadastral Agency.
  5. Negotiate the price and terms with the seller, keeping in mind Minsk's property market trends.
  6. Sign a written purchase agreement, with details on the price, payment schedule, and other conditions.
  7. Obtain a notary's confirmation of the agreement, as it's required for property transactions in Belarus.
  8. Open a bank account in Belarus for the transaction and transfer the funds to the seller's account.
  9. Register the property at the Real Estate Cadastre through the State Committee on Property of the Republic of Belarus.
  10. Pay the necessary taxes and fees, including the state duty and registration fee.
  11. Obtain permission from the local executive committee for the purchase, if applicable.
  12. Finally, receive the property title and ownership rights, officially registered in your name.

Also, if you're not from the country, you might want to check our article on how to buy property as a foreigner in Belarus.

Make a profitable investment in Minsk

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buying property in Minsk

Where to find a property

If you're searching for your dream property in Minsk, these websites can assist you in your search:

  • Realting - An international real estate platform connecting buyers and sellers globally, offering a wide array of properties and services for smooth transactions.
  • BelCTN - Providing a comprehensive range of services in the real estate market, helping clients with buying and selling apartments, rooms, houses, cottages, plots, and garages.
  • Grandpolis - Offering reliable information, diverse property options, and premium ad placements.
  • 4321 Property - Presenting a variety of properties for sale, including houses, apartments, and land.
  • Expat - Assisting expats around the world with various aspects of their international life, including finding jobs, housing, and services.

Also, know that we have included contacts of real estate agencies, property lawyers, moving companies, expats communities and more in our pack for buying property in Belarus.

Which properties for which budget?

As mentioned before, the average price per sqm in Minsk is $1,960. A 1-bedroom property with 60 square meters would cost approximately $118,000, and a 2-bedroom property with 85 square meters would cost around $167,000.

However, prices will differ based on the attributes of the property and its specific location.

Prime property locations in Minsk tend to come with higher price points. A condo in Zavadski District might cost around $220,000, and a residence in Frunzenski District could be about $440,000.

Yet, there are places that won't cost you as much. You may find a condominium in Partizansky District for $60,000, or you might encounter a condominium in Moskovsky District priced at $50,000.

We give a more detailed pricing list in our full pack for buying property in Belarus.

Common mistakes

Here are the main pitfalls when buying a property in Minsk, Belarus:

  • Complex and ever-changing property ownership laws.
  • Government restrictions on foreign property ownership.
  • High dependency on the local currency (Belarusian ruble).
  • Presence of "dachas" (seasonal cottages) with unclear legal status.
  • Risk of encountering Soviet-era construction standards and issues.
  • Difficulty in accessing reliable property data and valuations.
  • Limited availability of mortgage loans for non-residents.
  • Need for a qualified interpreter to understand legal documents in Belarusian or Russian.

We don't want this to happen to you, so we have included a full checklist for your property investment in our pack of documents. Avoid these mistakes and save a lot of money.

real estate Belarus

Everything you need to know is included in our Belarus Property Pack

Living in Minsk

Living in Minsk is a great experience, offering a vibrant city life with plenty of cultural attractions and great opportunities for property investment.

Cost of living

The cost of living in Minsk is generally moderate, with most basic goods and services costing about the same as in most major European cities. The city offers plenty of affordable housing options, and the overall cost of living is lower than in many other major European cities.

Here are some examples to better understand the cost of living in Minsk, Belarus:

  • Local Kvass (bread-based drink): $1 for a bottle (1 liter) at a street kiosk in Troitskoe Predmestye.
  • Rent for a one-bedroom apartment in the Zavadski district: $450/month.
  • Draniki (potato pancakes) dinner for two at a restaurant in Rakovsky Brovar: $35.
  • 1.5-liter bottle of local beer (Alivaria): $1.50 at a supermarket.
  • Electricity bill for an 85m² apartment using Minskenergo: $70/month.
  • Monthly membership at Arbat Fitness Club: $40.
  • Ticket to a movie at Silver Screen Cinemas in Dana Mall: $7.
  • Belarusian cranberry mors (berry drink): $2 for a glass (0.5 liters) at a traditional café.


Since our goal is to present information in a clear and reader-friendly manner, we've created a summary table outlining the different neighborhoods in Minsk. For yields, prices and rents, check our property pack.

Neighborhood Description Strengths Weaknesses

Leninsky District

Leninsky District is a lively area with numerous parks and recreational facilities, offering a high quality of life for its residents.

Green spaces, recreational facilities, good quality of life.

Can be crowded, limited public transportation options.

Tsentralny District

Tsentralny District is the heart of Minsk, known for its historical landmarks, vibrant nightlife, and diverse cultural attractions.

Historical landmarks, vibrant nightlife, cultural attractions.

Noisy, higher living costs.

Partizansky District

Partizansky District offers a mix of residential areas and industrial zones, providing a variety of job opportunities for its residents.

Job opportunities, diverse housing options.

Industrial areas, heavy traffic.

Maskouski District

Maskouski District is a cultural hub with theaters, museums, and art galleries, attracting both locals and tourists.

Cultural attractions, artistic scene.

Parking issues, high property prices.

Zavodski District

Zavodski District is an industrial area with factories and manufacturing units, offering employment opportunities but less suitable for residential living.

Job opportunities, industrial infrastructure.

Noisy, limited residential amenities.

Partyzanski District

Partyazanski District is a green neighborhood with large parks and outdoor spaces, making it popular for families and nature enthusiasts.

Green spaces, family-friendly.

Less nightlife, limited shopping options.

Uskhodni District

Uskhodni District is a residential area with a mix of apartments and houses, offering a peaceful environment for its residents.

Quiet, residential feel.

Less commercial activity, limited public transport.

Shabany District

Shabany District is a suburban area with a tranquil atmosphere and green landscapes, ideal for those seeking a more relaxed lifestyle.

Serene surroundings, peaceful living.

Distance from city center, limited amenities.

Life in Minsk

Minsk is the capital and largest city of Belarus and is the economic and cultural center of the country. In recent years, the city has seen significant economic growth, driven by the service sector, manufacturing, and construction, as well as a growing tourism industry.

According to the IMF's data, the GDP of Minsk makes up almost 37% of Belarus's GDP. Investing in property in a city with a strong economy is a good idea because there are more jobs, lots of people want to live there, and property prices tend to stay steady.

What expats usually like the most in Minsk is its vibrant cultural scene, with its numerous theatres, art galleries, and live music venues, as well as its many parks and green spaces. Additionally, they appreciate the city's low cost of living and the friendliness of its people.

However, the crime rate index of Minsk, which is around 53, could be better. It's something to consider if you want to live there. Examples of crimes in Minsk include pickpocketing, robbery, and fraud among the local population, which generally do not affect the expat population.

A good point for a property investor - Minsk has a mass rapid transit system comprised of several metro lines.

Access to healthcare in Minsk is good, with a Healthcare Index of 49. Good healthcare facilities is a positive indicator in a real estate market.

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Renting out in Minsk

This section is for you if you want to buy property solely for renting out and earning income.


Tenant Profiles in Minsk

If you decide to buy and rent out to long-term tenants, you should target young professionals, students, and families. Additionally, there is a large population of expats and business travelers who are looking for short-term rentals in Minsk.

Here is a little summary table we've made for you.

Property type and area Profiles of potential tenants What they are looking for Expected monthly rent in $

Apartment in Tsentralny District

Young professionals, students

Central location, public transport

$300 - $600

House in Zavodskoy District

Families, expats

Spacious living, suburban feel

$800 - $1500

Studio in Partizansky District

Artists, students

Creative atmosphere, affordability

$200 - $400

Apartment in Frunzensky District

Professionals, families

Quiet residential area

$400 - $800

Apartment in Sovetsky District

Students, young professionals

Proximity to universities, parks

$250 - $500

Apartment in Moskovsky District

Business travelers, expats

Near business districts, amenities

$400 - $800

Apartment in Leninsky District

Young professionals, families

Modern living, shopping

$300 - $600

Rental yields

Nowadays, rental yields in Minsk are usually below 5%. It's not much. A good rental yield is usually around 7% or higher. Maybe, you knew it already.

In Minsk, rental yields tend to be higher for properties located in the city center, as they are in demand for both short and long-term rental due to their close proximity to popular attractions, public transport, and business centers. Additionally, properties in the suburbs tend to have higher rental yields due to lower property prices and higher demand for long-term rentals.

For further explanation and a more detailed breakdown, you can check the reports and analyses we have made.


You could also decide to rent short-term to business travelers, as Minsk is a growing hub for international business. Additionally, Minsk is a popular tourist destination, so renting to vacationers is another potential tenant option.

If you decide to go with that option, look for properties in the city center, especially near Oktyabrskaya Square and Independence Avenue, or in the residential areas near the Minsk Arena and the Botanical Garden.

Is it worth buying real estate in Minsk then?

Certainly, when it comes to buying property in Minsk, it's a promising endeavor if you're an investor looking for a potentially profitable opportunity. The city's stable economy, relatively affordable property prices, and rental potential make it an attractive choice.

The property price-to-rent ratio is reasonable, suggesting that investing in property can help you build equity over time. With an expected GDP growth rate and a stable environment, it's likely that housing prices will continue to increase. Plus, Minsk offers a variety of tenant profiles, from young professionals to families and expats, giving you the chance to earn consistent rental income. The city's good infrastructure and access to healthcare further add to its appeal for investors.

However, buying property in Minsk may not be the right move if you're seeking a straightforward and hassle-free transaction. Complex property ownership laws, restrictions on foreign ownership, and currency dependencies can create hurdles for international buyers.

Additionally, some properties may adhere to Soviet-era construction standards, potentially leading to maintenance issues. Limited mortgage options for non-residents and the need for interpreters to understand legal documents can add to the complexity and cost of the process.

It's crucial to weigh these factors against your investment goals and risk tolerance before deciding whether buying property in Minsk is worth it for you.

Make sure you understand the real estate market in Minsk

Don't rush into buying the wrong property in Belarus. Sit, relax and read our guide to avoid costly mistakes and make the best investment possible.

real estate market Minsk

The content provided here is for informational purposes only and does not imply endorsement or advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information, including text, images, links, or other elements in this material. Following the content and analyses presented here does not assure specific outcomes. For guidance tailored to your individual circumstances, it is recommended to consult with a professional, such as a lawyer, accountant, or business advisor.