Construction in Russia has temporarily slowed or is this a sign of real estate recovery? In Moscow for 9 months, the indicator increased by 4.7%, and in the Moscow region it decreased by 29.5% compared to the same period last year. One of the stability factors of the capital was the renovation program, says the founder and director of the portal Vseostroika.rf Svetlana Opryshko. In January-September in Moscow as part of the program presented 1.2 million square meters of housing. "Innovation provides city order for construction and housing mobilization, regardless of the market situation," wrote the experts. According to Opryshko, indicators in Moscow do not reflect the state of the commercial market alone: ​​the statistics are affected by construction under the renovation program. In the Moscow region, where private residences and commercial projects play a significant role, the decline is more pronounced. The dynamics in different areas are affected by the structure of construction, the availability of vacant plots and tax demand. The share of the IWS is also important, which since the beginning of the year, according to the expert, has decreased by 21% in Russia as a whole. Among the reasons, she cites the increase in the cost of loans and the transition to accounts that complicate the financing of private construction. A relatively favorable situation is developing in the Dagestan, Sverdlovsk and Belgorod regions, as well as in the Khabarovsk and Primorsky regions. The differences, according to Opryshko, are related to how much the markets overheated in previous years and what reserve of resolved demand the regions have. In St. Petersburg, housing income, according to experts, fell by 40%. The decline is related to the high cost of financing projects, the lack of free sites and reduced demand. The launch of mass projects is shrinking, she said, as construction shifts to suburbs and more expensive sectors. "This is not just a temporary slowdown, but a sign of a structural organization of the market," said the expert.

Construction in Russia has temporarily slowed or is this a sign of real estate recovery? In Moscow for 9 months, the indicator increased by 4.7%, and in the Moscow region it decreased by 29.5% compared to the same period last year. One of the stability factors of the capital was the renovation program, says the founder and director of the portal Vseostroika.rf Svetlana Opryshko. In January-September in Moscow as part of the program presented 1.2 million square meters of housing. "Innovation provides city order for construction and housing mobilization, regardless of the market situation," wrote the experts. According to Opryshko, indicators in Moscow do not reflect the state of the commercial market alone: ​​the statistics are affected by construction under the renovation program. In the Moscow region, where private residences and commercial projects play a significant role, the decline is more pronounced. The dynamics in different areas are affected by the structure of construction, the availability of vacant plots and tax demand. The share of the IWS is also important, which since the beginning of the year, according to the expert, has decreased by 21% in Russia as a whole. Among the reasons, she cites the increase in the cost of loans and the transition to accounts that complicate the financing of private construction. A relatively favorable situation is developing in the Dagestan, Sverdlovsk and Belgorod regions, as well as in the Khabarovsk and Primorsky regions. The differences, according to Opryshko, are related to how much the markets overheated in previous years and what reserve of resolved demand the regions have. In St. Petersburg, housing income, according to experts, fell by 40%. The decline is related to the high cost of financing projects, the lack of free sites and reduced demand. The launch of mass projects is shrinking, she said, as construction shifts to suburbs and more expensive sectors. "This is not just a temporary slowdown, but a sign of a structural organization of the market," said the expert.