Dmitry Medvedev: Russia needs the most advanced legislation for housing industry

20.04.2016

Russia needs to create one of the most advanced legislations in the world in the field of residential construction, said Dmitry Medvedev, Prime Minister of Russia.

Delivering his report to the State Duma, he said that the list of administrative procedures was cut by 22% in order to encourage developers.

“To encourage developers we narrow the list of administrative procedures. In 2015, the number of procedures was reduced on average by 22%, and the deadlines for them decreased by almost a month (from 209 to 180 days),” said Dmitry Medvedev, reports RIA “Novosti – Real Estate”.

According to him, housing sector has become one of the fields that have managed to adapt to new economic conditions, due to the state support inter alia.

He recalled that in 2015 instead of the planned 76 million residential square meters almost 84 million of them were put in commission.

“As the result, we must set up one of the most advanced legislation in the world for residential construction,” said Dmitry Medvedev.

RIA “Novosti – Real Estate”

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