Social housing with minimal support from Belarusian state

In 2017, housing construction budget is envisaged at BYR 3.8 billion, of which BYR 3 billion would make people’s own funds and funds of organisations. The housing construction programme will reduce the construction volume to 3 million square metres in 2017 and soft loans on construction for big families will reduce to BYR 54 million, which should balance out the housing construction market. As a result, prices on the primary and secondary housing market should stabilise, the volume of currency savings spent on improving the housing conditions should increase; housing construction companies should reduce in number, so as the employment in the construction industry, simultaneously, the number of migrant workers from Belarus in the EU and Russia is likely to grow. State building organizations will have a priority in the allocation of construction sites and in subcontracting under state programmes, which means that private companies will be forced either to stop their activities or to look for contracts outside Belarus.