Dom.rf analytics assessed the pandemic influence on residential buildings
The restrictive measures associated with the coronavirus pandemic did not significantly affect the timing of the commissioning and launch of new multi-apartment housing projects in Russia. This is stated in a study by the DOM.RF Analytical Center (available at the disposal of Stroygazeta).
According to the study, from June 2019 to August 2020, Russian developers, on average, each month postponed the expected commissioning dates for projects with an area of 3.3-3.7 million square meters. meters. At the same time, the peak of transfers was recorded in July 2019, which is associated with the adjustment of project documentation in connection with the transition to project financing. In the spring of 2020, during the pandemic, there were no significant deviations from historical values.
In addition, the pace of launching new projects by developers has remained the same. On the eve of self-isolation in March this year, developers published project declarations for 4.3 million square meters. meters of new housing. A similar dynamics was observed in June 2019 on the eve of the shared construction reform. In both of these periods, the surge was followed by a decrease in the volume of launched projects and their stabilization. On average, developers publish project declarations for 2.2-2.3 million sq. meters of housing.
According to Nikita Belousov, Deputy Head of the Analytical Center, the construction industry has successfully coped with the negative economic developments caused by the pandemic. “To a large extent, this was facilitated by state support for demand for new buildings through preferential mortgages at 6.5% and subsidized interest rates on loans to developers,” he said.
According to the analytical center, as of August 27, 2020, the volume of apartment construction in Russia is 99 million square meters. meters, of which almost 40% are sold using escrow.
Earlier, SG reported that the number of new buildings with escrow has increased in Moscow. If at the beginning of 2020, using project financing in the capital, 9.5 million sq. meters of housing, at the end of August the area of such objects increased to 12.6 million “squares”.
Source: Stroitelnaya gazeta