The concept of “apartment” may appear in Russian legislation, but it will definitely not be equated with housing. In an interview about this RIA Real Estate said Nikita Stasishin, Deputy Head of the Ministry of Construction of the Russian Federation.
According to him, work is underway to define apartments as a type of non-residential building where people actually live. Stasishin emphasized that we are talking about a technical problem. He noted that no one is talking about equating apartments with residences, and that’s definitely not going to happen.
The debate about the status of apartment buildings in Russia has been going on for years. The State Duma planned to consider the relevant bill in November 2021, but postponed the discussion. Experts have previously reported that if apartments in the Russian Federation are given residential status, their prices will increase. will take off by about 30%. The potential increase in price will depend on the specific volume of supply for apartments in certain areas.
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