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Since 1995, MosBuild has evolved into the region's premier international building and interior show, and this year’s 30th anniversary promises to be the most impressive yet. 

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MosBuild has evolved into the regions premier international building and interior show, and this years 30th anniversary promises to be the most impressive yet

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In August 2022, Russian developers started construction of 3.7 million sqm of multi-apartment housing, which is 23% higher than the same period last year, as reported by the state-owned analytics company Dom.RF.&nbsp;Within 8 months of 2022, 26.2 million sqm of construction projects were launched which is only 5% less than the same period in 2021, the experts specified.&nbsp;New projects’ dynamics of entering the market has been uneven since the beginning of this year, Dom.RF states.&nbsp;In the first months of 2022, the launch volume grew while in March-April it sharply dropped due to uncertainty in demand and construction costs. Then, in June-July, the developers’ activity started to grow again (+34% vs May 2022). Finally, August was the first month in 2022 when developers launched more projects than in the previous year.&nbsp;Most of new projects were launched in Moscow (4.2 million sqm), Krasnodar region (2.6 million sqm) and Moscow region (2.2 million sqm).&nbsp;Rostov region leads in terms of launch rates growth: within 8 months of 2022, +36% of housing space was brought to the market (vs the same period in 2021). Primorsky Krai (+35%) takes the second place, in third belongs to Moscow (+32%).

LAUNCH OF NEW HOUSING PROJECTS IN RUSSIA INCREASED BY A QUARTER

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LAUNCH OF NEW HOUSING PROJECTS IN RUSSIA INCREASED BY A QUARTER