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ERZ.RF – the Unified Resource of Developers and EXPOCENTRE AO organised the 10^th Russian Meeting on the Development of Housing Construction in the Russian Federation, which was the key event of the conference programme of Russian Construction Week 2025.

Heads of the Russian construction industry and leaders of the property development business discussed the most relevant problems. The meeting was moderated by Leonid Kazinets, President at the National Association of Home Builders.

In his greeting to the participants, Marat Khusnullin, Deputy Prime Minister of Russia, noted that despite external difficulties and challenges, the Russian construction industry had been showing sustainable growth in recent years. Since 2019, the volume of construction has increased by more than 30%.

“The main result of these six years is that 23.6 million families have improved their housing conditions. In addition, thanks to systemic measures and government policy, housing construction keeps actively developing. In 2024, more than 107 million square metres of housing were commissioned. Moreover, the record figure of 62.3 million square metres of individual housing construction has been surpassed,” said the deputy prime minister.  

Nikita Stasishin, Deputy Minister of Construction, Housing and Utilities of Russia, spoke about the growth of production costs in the industry.

“The growth rate of construction costs for 2020-2024 averaged 78.6 % for the Moscow region, and 110.4 % for other Russian regions. But then people ask about high housing prices. If a year and a half ago, the cost of servicing bank loans did not exceed 5-6 % of the cost of production in the cost structure, today they are already approaching 20% or even more,” said the deputy minister.  

Roman Lyabikhov, First Deputy Chair at the Russian State Duma Committee on Construction and Housing Utilities spoke about the issue of consumer extremism.

“Some decisions have already been taken that prevent consumer extremists from getting more than a certain amount, per cent from developers who transfer flats under a share participation agreement. But we will look into the law enforcement practice, because a number of developers claim that this is more than enough,” said Roman Lyabikhov.

The meeting was also addressed by the heads of major industry companies, associations, government and financial institutions. The business related part of the meeting was concluded with an award ceremony for the winners in the TOP Residential Complex competition. Nikita Stasishin, Deputy Minister of Construction, Housing and Utilities of Russia, and Efim Basin, Chair at the Committee on Entrepreneurship in the Construction Industry of the Russian Chamber of Commerce and Industry, awarded the companies that implemented the best projects in the property market in various nominations.

Press Service, EXPOCENTRE AO