The Russians started to buy real estate in Belarus

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www.vsyako.netPhoto: Alexei Eremin / “Kommersant”

The number of inquiries from buyers from Russia, ready to buy real estate in Belarus has grown significantly in April and may 2020. It is reported RIA Novosti with reference to the realtors and investment consultants.

Mostly Russians are interested in apartments, suburban and commercial real estate in a neighboring state. Minsk branch of the Russian company “Floors” noted that the increase in the share of Russians in the total volume of client requests increased from 6 percent in February to 13 percent in may. Increased demand was recorded in the segment of commercial real estate, the interest of Russians has increased 11.5 times compared to may of last year. Also ten times more Russians began to be interested in suburban sites in Belarus.

“The level of prices in Minsk are much lower, the Russians began to show more interest in speculative purchases,” – said the investment Director of UFG Wealth Management Timur Pereverzev. According to experts, the growth of the Russian demand in Belarus affected and different approaches of the two States to combat coronavirus. If Russia imposed a regime of isolation and restrictive measures, the state-neighbor to the strict anti-epidemic measures were not.

Earlier in may it was reported that two-thirds of Russians in the next six months are going to avoid trips abroad. However, among the external areas that remain in demand, Kazakhstan, Uzbekistan, Armenia, Belarus and Moldova.

Video, photo All from Russia.

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