Housing in Russia

Russia builds more and it is more

According to the data [Rosstata], in the first quarter of 2007 in Russia is built with 9,5 mln kV. m of dwelling - this is more than one and a half times more than during the corresponding period of 2006. Economists are assured that Russia stands on the threshold of investment and construction boom. Builders recall that also such rates of increase it is small in order to satisfy the need for the dwelling. However, those, etc assume that the victorious statistics of construction industry is connected [natsproektom] “accessible dwelling” - the most impressive numbers of increase were reached in the regions. [Rosstat] published detailed information about the building of dwelling in January - March 2007. The sharp acceleration of the putting into commission of the apartment houses is fixed: in the first quarter it is built with 101,5 thousand apartments with the total area of 9,5 mln kV. m, this to 51,1% are more than in the first quarter of 2006. Partly such acceleration rates are connected with the uncommon seasonality: winter -2006 was very cold, many building arose, correspondingly, the decrease in the building was deeper than usually, and in 2007 everything was with an accuracy to vice versa. The however, interrogated 7 economists indicate that to explain splash in the building only by successful confluence of weather circumstances is impossible. And Julia [Tseplyaeva] from ING Of russia, and Yaroslav [Lisovolik] from Deutsche UFG are assured that the discussion deals with the beginning of the capital-spending boom (for greater detail, see 7 dated March 18). According to the data Of [rosstata] of fixed asset formation in January - March they grew by 20,1% (2,7% within the analogous period of 2006 13,7% in entire 2006). That, such as could be increase after the exception of the factor of seasonality, can be judged from the production of the construction materials: bricks are produced 2,7 billion pieces (to 21,8% more than in January - March 2006), cement - 11 mln t (increase to 37%), ferroconcrete constructions - 6,2 million cubometers (24,1%). Mr. [Lisovolik] assumes that in 2007 precisely the construction industry will “draw out after itself entire economy”. It however, follows from the materials Of [rosstata] that in the regional section and the absolute volumes of the building of dwelling, and the rates of their increase are extremely heterogeneous. In the outsiders Of [ingushetiya], where the introduction of dwelling composed only of 1,3 thousand sq. m, or 16,7% of the level of the first quarter of 2006, and 4Roslavskaya Oblast - 16,3 thousand sq. m (56%). But in some regions a quantity of dwelling grew and even dozens of times, however, as a rule, with the sufficiently low volumes, where the discussion can deal with one or two put into use multi-apartment houses. But here leaders are constant: in Moscow and Moscow region it is built in the sum of almost 2,3 mln kV. m, or 24% of entire dwelling in the country. In 2005 and 2006 the portion of center was several lower- 22,8% and 22,4% respectively. However, if into Moscow the introduction of dwelling in recent years practically [stagniruet] - in the first quarter of 2007 it grew in all by 1,3%, then in Moscow region occurs the impressive increase; in January - March it is here built 2,1 times more than within the corresponding period of 2006. Let us note that if in the country as a whole the home construction activity yet did not reach the level of 1990, then its capital region has long ago overgrown (see graph). In 2006 in Moscow and region is built almost 2,5 times more dwelling, than in 1990. Builders, interrogated 7, doubt, that the successes in the building had time to affect the accepted in the connection by the realization of presidential [natsproekta] corrections into the legislation: many of them either yet did not enter the force or only they begin to be realized. However, the deputy director of company “new area” Eugene Fetisov a certain connection sees: “There is the opinion that many regions specially detained the delivery of houses in the fourth quarter of 2006 in order to transfer them to the beginning 2007- GO and to obtain the possibility to report about a sharp increase in the home construction activity and realization of [natsproekta] “accessible dwelling””. However, in this case to speak about the beginning of boom in the construction branch it would be necessary already in 2006 - according to the data Of [rosstata], increase in it composed 15,2%. But the director general of concern “[Krost]” Aleksey [Dobashin] he indicates that in the reality an increase in the building of dwelling did not exceed 30%, moreover first of all because of the building of private cottages. At the same time it notes that in the absolute numbers the increase

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