Last year, apartments in buildings constructed after 2010 became 26% more expensive.
Photo: AP Photo / Pavel Bednyakov
In 2025, 15.1 thousand deals were concluded — this falls short of the record results of 2023–2024. The peak of purchasing activity occurred in October, when 1,471 purchase and sale transactions were registered, reports BelTA.
"The average cost per square meter in the secondary market increased by 23%. At the same time, the modern housing stock (houses built after 2010) became most actively more expensive, adding 26% in price,"
— noted Veronika Salavyova, head of the appraisal department of the National Cadastral Agency of the State Property Committee.
What will happen this year depends on two key factors: exchange rate dynamics and lending conditions. Veronika Salavyova predicts that in the first half of the year, we can expect a phase of cautious cooling.
"Sales rates in both the primary and secondary sectors will begin to slow down, which will inevitably lead to price stabilization. In the secondary market, this process will be supported by sellers willing to make concessions for a quick deal. Developers, in turn, will more often resort to promotional offers and restrain the cost per square meter in new projects."
However, one should not expect a price collapse — a significant drop is not foreseen. Moreover, high prices for new buildings will last longer than for secondary housing — due to a shortage of apartments with an optimal combination of price, area, location, and lending program conditions.
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