Minsk apartment prices 1.65x lower than Vilnius but mortgage rates skew affordability

A Belsat analysis compares average apartment prices per square meter in Minsk ($2,200) and Vilnius ($3,620), finding a 1.65x price gap. However, the article argues that mortgage financing conditions in Belarus, likely with higher interest rates or stricter terms, undermine the apparent affordability advantage. The piece highlights a divergence between nominal price comparisons and actual purchasing power, relevant for regional real estate and economic analysis.