Double-figure growth in individual residential construction expected in 2018

Vitalie Iambla, Construction Analyst, PMR
Between 2010 and 2015, the proportion of residential space put into use by individuals fluctuated annually between 41% and 44%, and eased to 39.7% in 2015. Nevertheless, the share rebounded to 41.3% in 2017, largely due to solid official results recorded in Moscow Province, Voronezh Province, Tyumen Province, Leningrad Province and Ulyanovsk Province. The proportion is very likely to continue to increase in 2018. Because of the expensive bank loans and the modest economic growth, along with the severely deteriorated purchasing power of the population and weak economic growth prospects for the near future, most…

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