Falling demand and prices for residential property is observed in Belarus

08.02.2011 09:32
Low demand for housing, accompanied by a fall in prices is observed in the regions of Belarus. In the provincial capitals fall in prices for apartments has averaged between 5 and 10% for the 2010 This is evidenced by data from the National Cadastral Agency RB.

So, on January 19, 2011 in all regional centers of the country in 2010 compared with 2009 there was a general decrease in the number of apartment transactions in 7 to 15%.

Last year, housing prices in Brest fell by 10% to $ 730 per 1 sq. km. m. In Gomel the drop was 17%, one-room apartment here in the middle can be purchased for $ 25 thousand in Grodno in the past year, prices dipped 10.5%, the cheapest apartment in the "hruschevke" will cost $ 22-23 thousand in Vitebsk prices adjusted to 5%. In this city, one-room apartment of the old plan can be purchased at an average of $ 22-25 thousand, and a new plan - for $ 30-34 thousand

Note that 70-75% of all deals with housing in the regional cities of Belarus lies with real estate companies.

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