{"id":3286,"date":"2026-07-09T23:31:08","date_gmt":"2026-07-09T23:31:08","guid":{"rendered":"https:\/\/www.europesays.com\/belarus\/3286\/"},"modified":"2026-07-09T23:31:08","modified_gmt":"2026-07-09T23:31:08","slug":"a-belarusian-ski-resort-is-back-on-the-auction-block-for-the-3rd-time-after-40-price-slash","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/belarus\/3286\/","title":{"rendered":"A Belarusian Ski Resort is Back on the Auction Block for the 3rd Time After 40% Price Slash"},"content":{"rendered":"

\t\t\"belarus\"belarusAlpine skiing is growing in popularity in Belarus, and one of its six ski resorts is up for auction again. | Credit: Belarus.by Facebook<\/p>\n

A Belarusian ski resort is back on the auction block for the third time.\u00a0<\/p>\n

Lahoysk, located in central Belarus, is back up for auction starting on July 23 with an asking price of $4.9 million (13.9 million rubles), a significant price reduction from the last auction. Located roughly one hour north of the Belarusian capital, Minsk, the ski resort of Lahoysk is one of the two largest in the country.<\/p>\n

What the Sale Includes<\/p>\n

Lahoysk offers five trails, with roughly 2.2 miles (3.6 kilometers) of skiable terrain.\u00a0The resort has two lifts: one four-seater and one j-bar, according to\u00a0Ski Resort Info<\/a>. It also has guest houses, gazebos, a restaurant, saunas, sports facilities, and a 1,000-car parking lot. The resort will be sold as a property complex, meaning all on-site facilities will be included in the sale.<\/p>\n

A Third Attempt<\/p>\n

Lahoysk will return for its third auction on July 23, 2026, after two failed attempts at securing a buyer for the resort. The resort was initially scheduled to be auctioned off on May 15, 2026 with a starting price of roughly $8.2 million. The resort was unable to secure a buyer, so the auction was rescheduled for June 17, 2026, with the price reduced to approximately $6.7 million. After that auction, there was still no buyer.<\/p>\n

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Now, in two weeks, Lahoysk will be back on the block with a nearly 40% price decrease since its last attempt.\u00a0<\/p>\n

Paying off Debts<\/p>\n

The resort was originally operated by the Belarusian construction conglomerate Triple, founded by businessman Yury Chyzh.\u00a0Following Chyzh\u2019s 2020 arrest on fraud and money laundering charges, the\u00a0Minsk Economic Court<\/a>\u00a0declared Triple bankrupt in July 2021 after creditors, led by state bank Belagroprombank, filed claims against the company. Lahoysk was among the assets ordered for sale to cover those debts.\u00a0It was put up for sale in 2023 for $7.4 million, but no buyer was found. It continued to operate until March 21, 2026, before closing permanently while awaiting its new owner. Lahoysk operated for 22 years, according to the Belarusian news outlet\u00a0Office Life<\/a>.<\/p>\n

Sanctions and Legal Risks for Buyers of the Belarus Ski Resort<\/p>\n

Prospective buyers should be aware that Belarus is subject to significant international sanctions.\u00a0The United States, European Union, and United Kingdom have all imposed financial and trade restrictions on Belarus following the disputed 2020 presidential election and the country\u2019s role in supporting Russia\u2019s invasion of Ukraine. American and European citizens looking to purchase property or conduct business in Belarus are advised to seek legal guidance before proceeding, as sanctions rules are complex and penalties for violations can be severe.<\/p>\n

While Belarus is not typically associated with skiing, the sport appears to be growing in the country. According to\u00a0Belarus.by<\/a>, the country\u2019s official website, \u201calpine skiing is getting increasingly popular in Belarus.\u201d The country has no mountains, so it relies on its rolling hills and steep ravines for skiing and snowboarding. Belarus winters are typically cold and snowy, bringing solid ski conditions. Belarus has\u00a0six ski resorts<\/a>, four of which are in the Minsk area.<\/p>\n

Can You Visit the Belarus Ski Resort for Sale?<\/p>\n

Currently, passport holders from\u00a038 European countries<\/a>\u00a0can enter Belarus visa-free for 30 days.\u00a0Popular skiing countries such as Austria, Switzerland, and Italy are on Belarus\u2019s visa-free list. Canadian and American citizens must obtain a visa before traveling to Belarus.<\/p>\n

Prospective buyers should be aware that Belarus is subject to significant international sanctions.\u00a0The United States, European Union, and United Kingdom have all imposed financial and trade restrictions on Belarus following the disputed 2020 presidential election and the country\u2019s role in supporting Russia\u2019s invasion of Ukraine. American and European citizens looking to purchase property or conduct business in Belarus are advised to seek legal guidance before proceeding, as sanctions rules are complex and penalties for violations can be severe.<\/p>\n

\u00a0The auction is scheduled for July 23, 2026 \u2014 just weeks away.\u00a0No buyer has been publicly identified. Whether Lahoysk finds a new owner willing to reopen its slopes, or sits idle awaiting a second failed auction, the clock is running.<\/p>\n

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