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Belarus to build 1m square meters of rented homes within five years

MINSK, 7 May (BelTA) – At least one million square meters of rented housing will be constructed in Belarus during the current five-year period, President of the Republic of Belarus Alexander Lukashenko has said at a ceremony to launch the construction of the Magistr residential compound for literary and scholarly people in Minsk on 7 May, BelTA has learnt.

“During this five-year period the country is set to construct at least one million square meters of rented housing. The prices for it will be quite affordable. For example, the rental payment for rented homes built by the state in a new neighborhood along the Minsk ring road will be twice as low as that for a private apartment,” the head of state said.

“However, rented housing built using budgetary funds will not be offered to anyone. Rented homes, just like rent-free accommodation, will be provided upon employers’ recommendations to specialists needed by the country. I mean the housing built using budgetary funds. All self-supporting, state-run and private companies will have to build rented housing. They should be aware of it,” the President said.

Alexander Lukashenko explained that he is very serious about the matter, because it often happens that “only the state has to do everything using budgetary funds”. “Why do universities, factories, private companies not have to take care of their employees, like it was before? They will be notified what they will need to do and we will make sure they will do it. We will recommend them building rented homes,” the President said.