Reduced Mortgage Rates Announced by a Major Belarusian Bank - Key Information
In a recent announcement by Belinvestbank, the mortgage rate for apartment purchases in under-construction buildings has been reduced, effective from September 19. The new rate stands at 15.5%, marking a significant decrease from the previous rate of 16.88%.
The reduction does not seem to apply to the secondary market, as the rate for purchasing apartments on the secondary market remains unchanged at 18.11%.
The news applies to new developments from any builder, as well as those in under-construction buildings under partnership programs. The specific reason for the rate reduction was not disclosed in the announcement.
According to the data from Realt, a total of 24,100 new apartments were built nationwide from January to August 2025, commissioning 2.3 million square meters of residential space. However, the article does not provide any additional information about the optimism in the real estate market or the mortgage rates offered by other banks.
The announcement comes as a positive development for potential homebuyers looking to purchase apartments in under-construction buildings, offering them a more affordable financing option. It is unclear whether this reduction is a temporary or permanent change.
Despite the reduction in mortgage rates for under-construction buildings, the rate for the secondary market remains unchanged, indicating a potential disparity in the mortgage rates offered for new and pre-owned properties. Further details about the conditions or requirements for the reduced mortgage rate in under-construction buildings have not been disclosed.
This marks the first instance, according to our search results, of a bank in Belarus introducing a reduced mortgage rate for purchases of housing units in unfinished buildings, while keeping the rate unchanged for the secondary market. It remains to be seen how this move will impact the real estate market in the coming months.
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