In November, Russia saw a notable surge in commissioning multi-apartment housing, totaling 37 million square meters. This development update was shared by the country’s Minister of Construction, Irek Faizullin, during a press briefing at an industry event. He underscored that the figure represents live data and voiced optimism about reaching historic highs. “We are on course for a record,” he stated, “we will not encounter setbacks, and everything will proceed as planned. Perhaps even higher than the current target, possibly up to 51 million square meters.”
Faizullin noted that the output from individual housing construction has already surpassed 50 million square meters, signaling a strong growth trajectory in the sector. During a November 14 meeting with President Vladimir Putin, the minister reiterated expectations for a record number of dwellings to be commissioned in the country in 2023. He projected that Russia would complete roughly 104 million square meters of new housing by year’s end, a figure cited as part of an expansive housing program moving forward. The President acknowledged progress in living conditions for residents this year, acknowledging improvements affecting millions and highlighting the resettlement of a substantial amount of emergency housing. He pointed to the upgrading of thousands of public spaces and the overall increase in housing put into service during the year, framing these developments as evidence of the country’s housing push bearing fruit.
Reflecting on comments from September 21, the President described the housing construction pace for 2023 as a new record, remarking that the scale of activity had not been seen since either the Soviet era or the subsequent years, and suggested that this momentum would likely carry into 2024 as a positive indicator. Earlier discussions included concerns about rising prices in new-build markets, with officials addressing the affordability and market dynamics surrounding housing projects in the country. The broader narrative emphasizes aggressive output in urban housing and ongoing efforts to improve living standards, infrastructure, and the availability of residential space for citizens.