Nabiullina noted a 10% increase in housing construction%

The volume of housing construction in Russia increased by 10%, and real estate prices doubled. This was announced on September 12 by the head of the Central Bank of Russia, Elvira Nabiullina, at a press conference following a meeting of the regulator's board of directors on the key interest rate.

"Since the beginning of 2020, construction volumes have increased by 10%, and prices [for housing] have doubled," she said.

Set up for the best: The authorities are preparing tax breaks for developers

What measures are we talking about and what does the business expect?

On August 6, Russian President Vladimir Putin drew attention to the fact that the construction complex is currently one of the engines of the Russian economy. According to him, Russia's main goal is to improve the standard and quality of life of people in the country.

On June 30, Putin stressed the need to increase housing construction in the regions of Donbass and Novorossiya. He noted that in order to achieve this goal, it is necessary to more actively form a bank of land plots and create attractive operating modes for developers.

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