🇧🇾 Belarus Real Estate 2025: Foreign Ownership, Market Trends & Investment Insights
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8/27/2025

✅ Can Foreigners Buy Property in Belarus?
Yes, but with certain restrictions:
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Residential Property: Foreigners can purchase apartments and houses without major restrictions.
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Land Ownership: Foreigners are generally prohibited from owning land. However, since January 1, 2023, amendments to the Land Code have allowed foreigners to acquire land plots in specific cases, such as through inheritance, acquiring shares in land plots along with residential houses, or during marriage with a Belarusian citizen for joint ownership.
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Border Areas: Acquiring property in border zones may require additional coordination with relevant authorities.
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Special Property Types: Acquisition of certain properties, like historical and cultural valuables, may be restricted or require special permits.
Certainly — continuing the comprehensive guide for Belarus:
🏙️ Top Cities & Regions to Invest (continued)
🔹 3. Vitebsk & Grodno
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Historic cities with growing appeal to domestic and foreign investors.
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Affordable property prices and cultural significance attract long-term buyers.
🔹 4. Gomel
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Industrial hub with development potential.
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Affordable entry prices for residential and commercial property.
🔹 5. Mogilev
- Emerging regional city with stable demand and investment opportunities in residential complexes.
💰 Property Prices in 2025
City | Avg. Price (BYN/sqm) | Approx. €/sqm |
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Minsk | 3,800–6,000 | €1,050–€1,700 |
Brest | 2,500–4,000 | €690–€1,100 |
Grodno | 2,300–3,500 | €630–€960 |
Gomel | 2,000–3,200 | €550–€880 |
Vitebsk | 2,200–3,400 | €600–€930 |
📈 Rental Yields & ROI
City | Long-Term Yield | Short-Term Rental ROI |
---|---|---|
Minsk | 5–6.5% | 6.5–9% |
Brest | 5–6% | 6–8% |
Grodno | 4.5–6% | 6–7.5% |
Gomel | 5–6% | 6–7.5% |
Vitebsk | 4.5–5.5% | 5.5–7% |
🛠️ Buying Process for Foreigners
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Check property eligibility (land, border zones, heritage status).
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Hire a licensed Belarusian real estate agent and legal advisor.
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Negotiate and sign a preliminary purchase agreement.
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Pay a deposit and conduct due diligence (title check, liens, etc.).
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Execute the purchase agreement before a notary.
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Register ownership with the Unified State Real Estate Register.
🧾 Taxes & Fees
Type of Tax/Fee | Rate/Details |
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Property Transfer Tax | None for individuals |
Notary Fees | 0.5–1% of the transaction value |
Real Estate Tax | Approx. €60–€120 per year (for individuals) |
Rental Income Tax | Flat 13% for residents; 15%–20% for non-residents |
VAT | Not applicable to residential property |
🛂 Residency & Visas
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Property purchase does not automatically grant residency.
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However, owning property can support a temporary residence permit application, especially if combined with business activity or family reunification.
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Belarus offers various visa types, including business, work, and private visit visas.
🏘️ Who Should Invest in Belarus?
✅ Ideal for:
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Buyers seeking low-cost entry into Eastern European markets
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Investors interested in mid-range rental yields
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People familiar with Russian-speaking regions or emerging post-Soviet markets
❌ Not ideal for:
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Investors seeking unrestricted land ownership
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Buyers needing residency or citizenship via investment only
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Those expecting high liquidity or rapid resale potential
🔮 2025 Market Trends
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Stable demand in Minsk, with growing suburban development.
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Government incentives to encourage local construction and energy-efficient housing.
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Gradual modernization of housing stock in regional cities.
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Increasing foreign interest from Russia, China, and some Gulf countries.
🧭 Final Thoughts
Belarus’s real estate market offers affordability, moderate returns, and emerging opportunities in urban centers like Minsk and Brest. While the legal system is structured and foreign ownership is generally allowed, land acquisition remains restricted, and due diligence is essential.
Foreign investors are advised to work with local legal experts to ensure compliance and avoid pitfalls, particularly around land usage and zoning.
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