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Russian PM Dmitry Medvedev assigns to maintain momentum of new housing supply

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Russian PM Dmitry Medvedev assigns to maintain momentum of new housing supply

At present, the Russian market experiences a so-called delayed effect of the crisis of 2014 – the beginning of 2015. That is why there is a need to maintain the momentum of new housing supply, Russian Prime Minister, Dmitry Medvedev, told on Monday at a presidium meeting of the Council for Strategic Development and Priority Projects.


In order to resume the growth, it’s necessary to exploit industrial zones in big cities. A significant amount of land plots is owned by the state and is often used in an inefficient way.

In this connection, he called on the colleagues to work more actively in the field of involvement of the lands in demand in housing construction, since the availability and quality of housing depends on that.

Since 2016, the growth of mortgage market in Russia has exceeded 40% and therefore it’s crucial to continue to work upon the cheapening of mortgage rates.  

Mortgage can become cheaper, in case the market of mortgage securities is developed actively, with involvement of private investors.

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