In 2015, prices for Belarusian apartments fell by about a quarter. Yet few Belarusians can afford to purchase an apartment even at this cheaper price. Interest rates are incredibly high, reaching 30-35% per annum. Banks also impose loan requirements that are hard to satisfy for an an average citizen.

An average flat is just 26 m² of space, according to the National Statistical Committee of Belarus. The square footage area is lees than other countries in Northern Europe. According to the Eurostat, on average a German has 43 m² and a Swede has 44 m² for their living space. Not surprisingly, many in Belarus dream of owning a separate flat.