Sharp reduction in public funding for housing construction

Vitalie Iambla, Construction Analyst, PMR
Because of the modest macroeconomic performances observed in Russia in recent years, the likelihood of residential construction development programmes being fully implemented has declined significantly. In the last few years the financial support for residential construction projects from the federal and regional coffers has been modest, and this is unlikely to change in the near future, given the shortages currently experienced by the federal and local budgets According to Rosstat, about 217,700 m² of the housing activated in Russia in 2018 was developed with the assistance of funding from the…

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