Russia reduces housing construction

Russian real estate market is preparing to bring disappointing results in 2010, who took the brunt of the crisis frost on the site. In January - October this year the country was introduced only 37.7 million square meters. meters of housing, and it is now clear that the builders are unlikely to have time to reach the end of the year set in the Ministry of Regional Development 57 million "squares". Market players expect the volume of new housing at 50 million square feet. m - at 10 million square feet. m less than last year. According to Rosstat, in the ten months of this year, housing construction in Russia amounted to 37.7 million square meters. m. This is almost 5% below the same period last year. Most failures have been months of March and July, when the builders have entered the entire 3.6 million and 3.1 million square feet. m (a decrease when compared to the same periods in 2009 - 20.8 and 24.6% respectively). On Wednesday, before the official statistics, the head of the Ministry of Regional Development Viktor Basargin promised that by year-end in the country will be about 57 million square feet. m of new housing. "As we enter the volume to 90 million square feet. m in the year 2015, and by 2020 approximately 140 million square feet. m ", - Minister has predicted. Similar figures operates Prime Minister Vladimir Putin this week he gave a set to enter the construction sector by 2016 about 100 million square feet. meters of housing. "But it should be housing a new quality that meets the standards" - has made an important observation Prime. Builders themselves surprised by the authorities forecast: market participants are confident that reach the prescribed level of 57 million "squares" in this year will not be the upgrade. Based on the monthly volume of the input of 3-5 million square feet. m until the end of the year can be built for another 10 million square feet. m. "But we must not lose sight of the traditional high season December, when the builders close the annual accounts, and finally last month, far ahead of figures are average figures for the year", - says the top manager of the Moscow real estate development company. Interviewees RBC daily real estate market forecasts converge to 50-52 million square feet. m in 2010. This indicator may be the lowest since the beginning of the housing boom and falling behind even the crisis in 2008-2009, 17-22%. The low volume of housing construction in 2010 CEO of the holding Rodex Group Evgeny Rodionov explains the lack of support for the builders of the state in crisis. "Developers surrounded by additional conditions, increased interest rates and made it impossible to continue the implementation of projects in an era of recession, which led to stagnation in the market - he notes. - Any stagnation leads to a deficit and the deficit is accumulated. " According to Mr. Rodionov, the last stop-action the crisis will affect buildings and on the volume of housing construction in 2011, which will not exceed the level of the year. The authorities' plans to comment on the volume of input in the years 2015-2020 the developers refuse. They recall that in 2007, during the panic of the market growth, predicted that in 2010-2012 in Russia will be built each year 60-80 million square feet. m. "The crisis has corrected these figures strongly, and they remain only on paper" - notice the capital's developer. More Theme: "Potrebdepartamenty joined" The Moscow authorities have decided to establish the Department of Trade and Services. As reported in the government of the capital, merged with the Department of Consumer Market and Services and the Department of Food Resources. The head of a new structure named head of the abolished Department potrebrynka Mikhail Orlov. The head of the abolished Department prodresursov Alexander Baburin dismissed.