Lyubov Tsvetkova: all state services in construction sector are fully functional
“All state services are fully functional,” adds Lyubov Tsvetkova.
According to her, the existing administrative barriers do not appear to be an obstacle for foreign and Russian investors.
“The only barrier for investors is demand. If there is demand for real estate – they will invest funds. Demand determines the rate of return, i.e. the difference between the production cost and the amount of funds you receive when you sell something. The less time and effort a developer spends on paperwork, the lower is the production cost,” says the Chairman of the Board, AIMOS.