Real estate prices might reach an average of $2,000 per square foot this autumn.
The real estate market in Minsk is experiencing a significant shift, with the demand for rural properties remaining high despite the decrease in available properties. This trend is attributed to the depreciation of the dollar and the increase in apartment prices within the city.
In August 2025, the Minsk real estate market saw a surge in activity, with 1,350 deals, a 3% increase from July. However, compared to the same month last year, the number of deals has slightly decreased. Despite this, the demand for real estate remains robust.
The average price per square meter has also seen a notable increase. Starting from June, the average price has been on the rise, increasing from $1,756/m2 to $1,844/m2 in August, a +$88 increase over three months. Interestingly, the highest prices were noted for 1-room apartments at $1,858/m2, followed by 2-room apartments at $1,829/m2, 3-room apartments at $1,869/m2, and 4-room apartments at $1,780/m2.
The trend is clear: prices are increasing, while the number of offerings is decreasing. This fast-paced market requires buyers to be ready to visit a property and make a prompt decision to buy.
Land plots for construction are also in demand, with buyers often seeking properties near water bodies, forests, and minimal neighbours. Over 560 deals involving houses and dachas took place in the Minsk region and district this summer, although this is slightly lower than the 580 deals made in the same period last year, indicating a consistent high demand for rural real estate.
Sellers have dominated the market during the summer, making it difficult for buyers to find housing that combines an acceptable price with good quality. Approximately 4,000 deals involving apartments were made in Minsk during the summer, although this is slightly lower than the 4,800 deals made in the same period last year.
The most effective real estate sales strategy now is to determine the exact market value of the property and sell it within the first week. However, sellers must be careful with the price of their properties, as overpricing can cause the sale to stagnate.
Looking beyond Minsk, the real estate market in Germany in 2025 is expected to see slight price increases of about 1% to 3%, with interest rates remaining mostly stable and rising demand, especially for existing properties and condominiums. Price negotiation is possible depending on location and property condition, particularly for older buildings with lower energy efficiency.
In conclusion, the real estate market in Minsk is experiencing a shift, with prices rising and the number of offerings decreasing. Buyers must be prepared to act quickly and sellers must price their properties carefully. Predicting the development of the market is challenging, but understanding current conditions and adapting strategies accordingly is key to navigating this dynamic market.
