Housing prices in Russia are rising unevenly, and the fastest in places where the country pours in cheap money, but can't build more.
According to the data of the Ministry of Construction, which Vyacheslav Volodin recently presented in the State Duma, the average market cost of a meter increased during the year: in the Jewish Autonomous Region by 54%, in Kabardino-Balkaria by 53.8%, in the Tver region by 33.3%, in the Moscow region by 25%, by 23% in Udemur. 23.4%, in Buryatia by 22.5%, in Chelyabinsk by 22%, in Sakhalin by 20.8%, in Belgrade by 19.8%.
The growth is lower than the predicted inflation (7.6%) only starting from the 45th region. In more than half of the country, apartment prices are rising faster than prices. There are three regions in the top ten that are administratively classified as the Far Eastern Federal District (EAO, Buryatia, Sakhalin).
The Ministry of Construction data are not just statistics. According to this, regions buy apartments for orphans and consider subsidies for families with many children, teachers and doctors. The price of the meter increased by 50%, which means that with the same money you can buy a third less apartments.
The state supports the demand, prices go up, standards go up, the budget needs more money for social housing, but the queue does not go down. Meanwhile, housing affordability is declining. This is a sad trend.