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The volume of housing under construction increased in 2020 only in the Far Eastern Federal District
The Far East became the only federal district in Russia where the volume of housing construction increased in 2020. The main reason for this trend is the Far Eastern mortgage.
As they write "Ведомости", The results of 2020 were summed up in the company DOM.RF. According to the managing director for the Far East, Alexander Levintal, in the second half of the year, the launch of new projects increased by 2,7 times. At the same time, the average growth in Russia did not exceed 1,5 times. Thanks to these results, despite the coronavirus pandemic, the growth in housing construction was 9%. At the same time, in Russia, on the contrary, it decreased by 13%.
In total, about 2,2 million square meters are being built in the Far Eastern Federal District. housing. Work is being carried out in 12 cities, where 60% of the total population of the district is concentrated. The largest share of new buildings under construction in Vladivostok - 40% or 0,9 million sq. M., Khabarovsk is in second place in terms of volume with 18% and 0,4 million sq. M. Then, from 0,2 million sq. M. housing and 11% is located Yakutsk, followed by Ulan-Ude with almost the same volume, but with a share of 10%.
In 2020, under the Far Eastern Mortgage program, banks issued 45,3 billion rubles for 12,6 thousand loans. The average rate was 1,8%, the maximum was 2%, and the minimum was 0,7%. More affordable loans have increased the demand for real estate, according to Alexander Levinatal. Subsequently, this spurred developers. The program will run until 2024.