Price per square metre in Minsk rises by 58 dollars to a record 2163 dollars

The average cost of a square metre in Minsk rose by 58 dollars in October 2026 to reach 2163 dollars. According to the project's analysts, this is a new record for the capital's market in the entire history of observation.

At the same time, buyer activity, in the estimate of real estate market analysts, has dropped noticeably, while prices have kept moving up. Another company, "Avangard Nedvizhimost", gives a different figure: according to its data, the average cost of a metre rose by 2.8% in October to 2396 dollars.

The first signs of cooling demand appeared in October: buyers began to react to the high prices and put off deals. Demand for resale housing fell, but prices did not come down.

According to the project's analysts, the BTI database holds 1102 deals for the month so far, but the number will grow as data is loaded, and about 1150 deals can be expected by the end of the month. They believe this October so far looks like one of the weakest months of the year.

Other sources give lower figures. "Avangard Nedvizhimost" reported 1045 registered purchase and sale deals for apartments in Minsk in October, and the same number is cited by Belarusian state media. The National Cadastre Agency speaks of 885 deals involving apartments.

Pure resale housing rose by 75 dollars, to 2151 dollars per square metre. Completed new-build apartments, on the contrary, lost 28 dollars and fell to 2282 dollars, so the gap between them has narrowed.

Prices rose most for large apartments: three-room flats added 130 dollars, to 1986 dollars per metre, and four-room flats added 209 dollars, to 1917 dollars.

In 2025, 15.1 thousand deals involving apartments were made in Minsk, fewer than a year earlier. In the first half of 2026, apartments in the capital became 6% more expensive in dollars while the number of deals fell.

In June 2026, prices on the resale market rose by 3.7%, and by 14% since the start of the year. It turns out that prices have been rising for more than one month in a row even as the number of deals falls.