Russia has sharply decreased housing construction

In Russia in April 2020 was introduced in 3 million square meters of housing, which is 36.5% less than in the same period last year. Such data results the Federal service of state statistics.

Recall that in March the unemployment rate fell yoy by 7.6%, in February — 7%.

For the first 4 months of current year in Russia was built 17.7 million sq m (excluding houses in areas for gardening), which is 9.9% lower than a year earlier.

According to Rosstat, last month was built 382 apartment house, built 41,1 thousand new apartments, and from the beginning of year — 1,9 thousand houses and 232,4 thousand apartments respectively.

Over the past year, the country introduced 79,4 million square meters of housing (plus 4.9 per cent by 2018), by the end of 2018 residential construction in Russia decreased by 4.5% (it was introduced 75,7 million square meters of housing), after falling 1.4% in 2017.

let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.

may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19. He also announced the beginning of implementation of the third package of anti-crisis measures, under which the state, in particular, will increase targeted support for families with children, small businesses, individual entrepreneurs and self-employed. In addition, Putin instructed the government to prepare a national plan for long-term development of the economy, the recovery in employment and incomes.

on 26 may, the Minister of economic development (MED) RF Maxim Reshetnikov said that the volume of anti-crisis program to support the Russian economy in connection with the pandemic coronavirus infection COVID-19 exceeded 3 trillion rubles.

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