Russians’ purchases of upholstered furniture from domestic manufacturers increased by 30% in January-June 2024 compared to the same period in 2023. This is stated in a study by the Mr.Doors company (available from socialbites.ca).
Analysts explained that Russians have finished renovations in the apartments they bought and started furnishing them. Experts added that after the start of the SVO, some European and American furniture market players left Russia, so the demand for domestic furniture increased.
“Russians are now trying to approach housing arrangement more meticulously and transform the interiors of several residential areas at once. This is also facilitated by the fact that necessary goods can be purchased in installments. In an unstable market, it allows to fix the amount on the day of order, thereby reducing future financial risks,” analysts said.
The greatest demand is for bedroom furniture (+37% per year), children’s furniture (+32% per year) and living rooms (+28% per year).
It was previously reported that flat purchases were continuing. new buildings and on secondary market It grew sharply in Moscow.
Previously It happened It is known in which cities apartment prices have fallen the most.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.