President of Belarus signs decree on accelerated drawing of residential premises in rural areas into economic circulation

25 марта 2022

The President of Belarus has signed a decree on acceleration of involving residential properties in the rural areas into the economic turnover. The initial price of the housing to be sold will be determined by its appraised value. It provides for a possibility of gradual reduction of the cost of the alienated residential property down to one base value. When sold for one base value, the land plot shall be leased to the buyer without holding an auction and charging a fee for the right to conclude an agreement.