National Residential Mortgage Agency to appear in Belarus

21 января 2013
This is an additional opportunity for Belarusian citizens to resolve the housing issue. 6,5 million square meters of housing will be constructed this year alone.
Vadim Scheglov reports: The officials have developed a new program which will help unload the capital and industrial centers. These are so-called individual houses. Belarusians will be offered two options.
A credit line will be opened for potential buyers, and people entitled to benefits can count on state support.
30.000 such individual houses will be built in Belarus within 3 years: at first, houses will appear in the Minsk district and region and afterwards all over the country.
Such a cottage will cost an average of USD 90.000. A total of 6,5 million square meters of housing will be constructed in Belarus this year alone. 2,5 million square meters - with state support. Almost half of the housing will be preferential in the future. And, according to the Head of the State, the building boom will mostly concern the regions.
Another aspect is the development of mortgage in Belarus.
The National Residential Mortgage Agency will engage in the elaboration of state programs, the development of the housing market and finances. According to experts, this is an additional opportunity for Belarusian citizens to resolve the housing issue.