INSUBCONTINENT EXCLUSIVE:
Russia could face a significant housing shortage by 2027, as a sharp slowdown in new residential construction threatens to leave the country
of the Samolyot Group, told the Vedomosti business daily.At the same time, many Russians are putting off home purchases due to the steep
The longer the stagnation lasts, the more pronounced the shortage will become, she noted.The slowdown is already being felt in the market
Sales of mid-range and mass-market homes have dropped off particularly sharply in recent months, Irina Dobrokhotova, founder of the real
estate data platform BnMap.pro, told Vedomosti.In Moscow, the average time it takes to sell a new apartment has risen to at least 16 months
10.3% from the year before, a representative for the Pulse of New Home Sales analytics platform told Vedomosti.Despite the current
Other large cities in economically weaker regions could also face shortages, Yaroslav Gutnov, the founder of SIS Development, told
Vedomosti.To help address the potential gap, DOM.RF has proposed subsidizing loans for developers launching new projects in 2025 and
2026.But experts say that broader macroeconomic stability and a sustained decline in borrowing costs will also be necessary to restore the
