Housing construction in Russia: state and development prospects
https://doi.org/10.21285/2227-2917-2025-2-192-200
EDN: ERKYGP
Abstract
The study reviews the current situation in the Russian housing construction market under declining demand and less affordable mortgage lending, sanctions and increased Central Bank key rate, as well as high inflation conditions. The study uses the methods of comparative and statistical analysis, as well as systematization of theoretical and practical material. The analysis is based on the data of 2019–2024 from the Unified Information System for Housing Construction and the Federal State Statistics Service. The federal district leaders for commissioning residential buildings are presented. In addition to the current state of housing construction and prospects for its development, we analyze the reasons for the active industrial growth independent of the pandemic, sanctions, and high inflation. The focus is on the effect of cancelled preferential mortgages, increased key rate by the Central Bank, as well as the population demand and affordable mortgage lending. The reasons for the decrease in issuance of housing mortgage loans are considered compared to previous periods. Amendments to the legislation in the construction industry are listed and commented. The performed study identifies factors negatively affecting the development of the construction industry and provides possible measures to support housing construction.
About the Authors
E. M. Abmaeva
Baikal Engineering Company LLC
Russian Federation
Competing Interests:
Russian Federation
Ekaterina M. Abmaeva, Engineer
Author ID: 1281619
4 Yamskaya St., Room 31, Irkutsk 664007
Competing Interests:
The authors declare no conflict of interests regarding the publication of this article.
T. V. Dobysheva
Irkutsk National Research Technical University
Russian Federation
Competing Interests:
Russian Federation
Tatyana V. Dobysheva, Cand. Sci. (Econ.), Associate Professor of the Department of Real Estate Expertise and Management
Author ID: 312876
83 Lermontov St., Irkutsk 664074
Competing Interests:
The authors declare no conflict of interests regarding the publication of this article.
I. V. Yamshchikovа
Irkutsk National Research Technical University
Russian Federation
Competing Interests:
Russian Federation
Irina V. Yamshchikovа, Cand. Sci. (Econ.), Associate Professor of the Department of Real Estate Expertise and Management
Author ID: 50517516
83 Lermontov St., Irkutsk 664074
Competing Interests:
The authors declare no conflict of interests regarding the publication of this article.
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Review
For citations:
Abmaeva E.M., Dobysheva T.V., Yamshchikovа I.V. Housing construction in Russia: state and development prospects. Izvestiya vuzov. Investitsii. Stroitelstvo. Nedvizhimost. 2025;15(2):192-200. (In Russ.) https://doi.org/10.21285/2227-2917-2025-2-192-200. EDN: ERKYGP
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