New builds in Belarus
Location, climatic conditions, and economy
Belarus is a country in the eastern part of Europe, has no access to the sea, borders Russia, Ukraine, Poland, Lithuania, and Latvia, a member of the UN. The country has a mostly temperate continental climate.
In Belarus, the most developed are the agricultural and engineering sectors of the economy. The most important partner in the field of foreign trade is Russia. The country has an extensive transport network, with the highest share of the public sector since the Soviet Union. Energy carriers are mainly supplied from the Russian Federation. Inflation is high in the country (relative to other European countries).
Market of new builds in Belarus
The market has entered into a rut stable, albeit barely emerging, downward trend in prices. Demand is still quite high, but the purchasing power of the population is gradually decreasing. Prices for apartments from a developer in Belarus change, however fragmentarily, depending on the specific building project. Residential complexes in Belarus, which were already under construction in projects where developers have published price offers, the cost continues to rise as houses are built and demand increases. In particular, in some new builds, this increase amounted to 100 USD per sq.m, when the deadlines for commissioning approached.
Prices for new builds for sale in Belarus (per sq.m)
According to the GEOLN.COM website, in large cities the range of minimum prices is as follows:
- Gomel - 410-700 USD,
- Vitebsk - 540-770 USD,
- Brest - 710-900 USD,
- Grodno - 550-750 USD,
- Minsk - 1020-1660 USD.
It is necessary to take into account the dynamics of price changes, so it is advisable to use only information that is relevant at the time of the request.
Types of new builds for sale in Belarus for sale
There is a primary residential property on the market:
- at home,
- cottages, etc.
The nuances of buying real estate in a new home
Real estate from developers in Belarus is attractive for the following reasons:
- relatively low prices for goods and services,
- environmental friendliness (about 70% of the country's territory is occupied by forests),
- availability of all necessary infrastructure in large cities.
New homes in Belarus are distinguished by an increased area, wider entrances and the availability of new technological engineering solutions. The necessary infrastructure is provided on the territory of the complexes: shops, cafes, hairdressers, etc., which, as a rule, are located on the first floors of houses. Real estate in Belarus in the new homes for sale is being built of brick, monolith, and concrete. Feedback from buyers of new apartments in the residential complexes confirms that they comply with the building standards adopted in the country.
The most profitable option for investment is the city of Minsk (the capital of the country), new home for sale here are in demand among buyers, mainly from other cities and villages of the country. The most liquid property is considered to be located in the central parts of the city. However, it is worth paying attention to Grodno, Brest, Gomel, Vitebsk, Mogilev.
An ideal option for those who want to live in an individual house with a land plot away from the bustle of the city is cottage settlements located very close to large settlements. However, buying an apartment from a developer in Belarus in such places is better for living than for the purpose of generating income. This is due to the low level of solvency of the local population, underdeveloped tourism, low attendance from foreigners due to high risks due to the difficult political situation in the country.
Making the purchase of an apartment in a new build in Belarus can be lengthy, it is difficult to explain to a foreign buyer who is counting on a quick resolution of issues with a limited period of his stay in Belarus, the peculiarities of local business practices and the subtleties of legislation.
In order to minimize risks, it is advisable to use the recommendations of experts. The GEOLN.COM real estate website (with a convenient search interface) consists a full catalog of objects for sale..
Buying an apartment in Belarus in a new development is attractive for an investor who seeks to save money in this way, as well as having the goal of permanently residing in the country.