The cost of a square meter of housing in Minsk has grown by more than a quarter since the beginning of the year
The State Property Committee summarized the results of the first half of 2026 in the Minsk housing market. Despite a decrease in the number of purchase and sale transactions, apartment prices continue to rise. Experts explain this primarily by a deficit of offers.
In the first six months of the year, the number of transactions decreased by 17 percent — by approximately 1200 compared to the same period last year. In June, 1083 purchase and sale agreements were concluded, which corresponds to the average figures for April and May.
At the same time, the total amount of purchases increased by 5 percent and reached 689.8 million dollars. Simultaneously, the total area of sold housing decreased by 17 percent.
The average cost of a square meter in the secondary market increased by 27 percent over the year. On average, a square meter in one-room apartments now costs 2370 dollars, in two-room apartments — 2120 dollars, in three-room apartments — 1970 dollars.
The highest cost per square meter was recorded in the Central District of Minsk — about 2600 dollars. The most active in terms of the number of transactions was the Kastrychnitski District, where 621 agreements were concluded in the first half of the year.
Demand for new buildings slightly decreased. Their share in the total number of transactions decreased from 30 to 25 percent, and the specific weight of the primary market returned to its usual level within 9-12 percent.
Experts link the price increase to credit availability, increased incomes of the population, and a relatively stable Belarusian ruble exchange rate. Another important reason cited is a significant decrease in the number of apartments offered for sale. Over the year, the volume of offers decreased from 6.8 thousand to 4.5 thousand properties.
The State Property Committee notes that market prices are now determined not only by demand but also by a sharp deficit of choice. According to the agency's assessment, as long as income growth, credit availability, and a shortage of offers persist, there are no prerequisites for a decrease in housing prices in Minsk.
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