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Republic

7 July 2011

Belarus to resume lending housing construction in H2

MINSK, 7 July (BelTA) – Belarus is set to resume lending housing construction as from the second half of 2011, Belarusian Vice Premier told workers of the Minsk Automobile Plant (MAZ) on 6 July. At the same time he stressed that in the future the country is not going to construct social housing in the amount it has done earlier. “Under the current situation we cannot afford constructing that amount,” the Vice Premier said. “Now we are working on the housing construction program for 2012. It is clear that the government’s support in the housing construction sector will be reduced,” he stressed. First of all, it will effect the construction of dwelling in the regional centers as the housing problem has already been settled in the number of cities. In several regional centers the list of people who are in need of improved living conditions started forming from 2010. This issue is much more urgent in Minsk and oblast centers. The bulk of housing construction will be focused, first of all, in Smolevichi and Zaslavl, Minsk satellite-cities. The construction of houses in Minsk will be slightly reduced. There no plans to curtail the program in general, Sergei Rumas stressed. Soft loans will mainly target large families and young specialists. Sergei Rumas added that housing construction and its lending will largely depend on the economic development in the country.

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