Over the past 15 years, the overall availability of square meters and the real affordability of housing relative to citizens' incomes in Belarus have increased significantly. This was explained by Alexander Egorov, first deputy chairman of the board of the National Bank, on the broadcast of the “First Information” TV channel, BELTA reports.

Over 15 years, the housing affordability index across the country rose by 34 percentage points—from 41 to 75%. This refers to the ratio of average salary to the price per square meter. However, the market is heterogeneous. By the end of 2025, the affordability index in Minsk stood at 65%, noticeably below the national average. In the Minsk Region, the index fell to 58%, the lowest in the country.

Minsk’s housing demand is enormous, and the supply of new apartments is shrinking each year. As a result, prices rise faster than the national average. In the Grodno or Gomel regions, the index is around 100%—housing there is 1.5 times more affordable than in the capital, added Alexander Egorov.

Speaking about loan rates, he noted that it takes roughly the same number of years to save for a home in both Minsk and in Warsaw, Vilnius.

Alexander Egorov emphasized that the construction sector makes a significant contribution to the country’s GDP. Resources from related industries are involved. Every ruble invested in construction generates enormous added value at every stage.