Belarus Real Estate Analytics

Property market metrics including price-to-income ratio, rental yields, and price trends

Price to Income

13.7x

Ratio of property prices to annual income

Rental Yield

4.7%

Average annual rental return

Price to Rent

21.3

Ratio of property prices to annual rent

Price to Income Ratio

Ratio of median house price to median annual household income

Rental Yield

Annual rental income as percentage of property value

Price to Rent Ratio

Ratio of property price to annual rental income

Apartment Rent (City Centre)

Monthly rent for 1-bedroom apartment in city centre

Apartment Price (City Centre)

Price per square meter to buy apartment in city centre

Apartment Price (Outside Centre)

Price per square meter to buy apartment outside city centre

1BR Rent (Outside Centre)

Monthly rent for 1-bedroom apartment outside city centre

3BR Rent (City Centre)

Monthly rent for 3-bedroom apartment in city centre

3BR Rent (Outside Centre)

Monthly rent for 3-bedroom apartment outside city centre

Mortgage Interest Rate (20Y)

Average mortgage interest rate for 20-year fixed loan

Additional Insights

Expert analysis of Belarus Real Estate trends and investment implications

Market Overview

Belarus's property market shows moderate affordability challenges with a Price to Income Ratio of 13.7, indicating potential overheating. Rental yields at 4.7% are relatively attractive, but the high Price to Rent Ratio of 21.3 suggests buying may not be favorable compared to renting. Investors should be cautious of limited price growth potential in the current cycle stage.

Key Findings

Data-driven insights

•Price to Income Ratio stands at 13.7, which indicates a higher cost for property relative to average income.
•Rental Yield is 4.7%, offering moderate returns compared to local bank interest rates.
•Price to Rent Ratio is 21.3, suggesting that renting may be more economical than buying.
•Average apartment price in city centers is 892.89 USD, reflecting relatively low entry price points.

Market Trends

Historical patterns

•The Price to Income Ratio has gradually increased over the last two decades, signaling reduced affordability.
•Rental yields have remained stable around 4-5%, indicating consistent demand for rental properties.
•Appreciation rates have slowed in recent years, suggesting a potential peak or correction phase in the market cycle.

For Investors

Actionable takeaways

•Consider waiting for a potential market correction before investing, as current prices relative to income are high.
•Focus on rental properties to leverage the 4.7% yield, especially if interest rates remain low.
•Avoid long-term buy-and-hold strategies unless buying significantly below market value, given the high Price to Rent Ratio.
•Monitor macroeconomic factors that could impact property affordability and adjust strategies accordingly.

Market Context

Belarus's property market is relatively immature compared to Western counterparts, with some systemic risks due to economic volatility. Yet, it offers entry opportunities for investors seeking medium-term rental returns, particularly in urban areas.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.