Construction activity in Russia to resume growth in 2017More information on this topic is presented in the PMR report:
- September 2017
- Delivery: PDF / online access / Excel / PPT
- Forecasts: 2017-2022
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- Exports have become more price competitive after the 74% devaluation of the rouble against the US dollar and 58% against the euro during 2014-2016, thus providing an additional boost for future investment in industrial construction. Furthermore, despite the fact that the rouble is expected to appreciate by 10-15% against the major currencies in 2017, price competitiveness will be reduced only in part
- At the end of June 2017, high-quality shopping centre GLA per 1,000 people reached about 154 m² in Russia
- In early 2017, there were only 26 rooms in hotels, motels and hostels per 10,000 citizens in Russia
- Novosibirsk, Yekaterinburg, Rostov-on-Don and Nizhny Novgorod account for about 71% of the quality regional warehouse space stock
- New commercial buildings activated in 2016 are 4% larger, on average, than those put into operation in 2015 and 10% larger than those commissioned in 2014.
- The rouble’s devaluation during 2014-2016 has made exports more competitive, thus providing an additional boost for investment in industrial construction.
- Refurbishment projects are expected increasingly to gain ground across the country
- Regional programmes for extensive repair of multi-residence buildings continue to expand
- Economic growth recovery, near record lows proportion of bad mortgage debt outstanding and record low inflation to speed up mortgage lending
More information on this topic is presented in the PMR report:
Construction sector in Russia H2 2017. Market analysis and development forecasts for 2017-2022