Construction is continually growing in Russia
In August of this year the volume of current construction grew by 2.8% and exceeded 128 million square meters If compared with similar indicators for the past year, it is almost 9 million square meters more.
Such data are given in the Analytical Review “Construction of housing by professional developers”. According to the document, the dynamics of growth has been observed in the industry for seven months in a row. Since February, the volume of construction has increased by 16%.
As for the construction of housing, the number of houses being built now exceeded the last year’s figure by 4.6%. They have 2.62 million residential units (apartments, blocks, apartments). The bulk of housing construction is occupied by apartment buildings.
The volume of construction in Russia is constantly growing
More than half of housing construction is concentrated in six regions – the Moscow region (13.0% of the total area of housing units), Moscow (12.4%), St. Petersburg (11.5%), Krasnodar Territory (7.2%), Leningrad (4.8%) and the Sverdlovsk Region (2.9%).
Source: Unified Register of Developers