Погода
19 Августа 2021
Foreigners

Developers on Sharp Turn

Источник фото: Юлия Семенченко
Источник фото: Юлия Семенченко

Krasnodar, 19 August. The Third Yacht Summit entitled “How to get adapted to changes in development sphere, and keep up with high-profile cases?” held on August 13 in Anapa, was organized by The Yug Times weekly. 

In her welcome speech, Natalia Kostenko, the 7th convocation State Duma deputy, said: “Today we are raising a very important topic, which concerns the entire region, including the seaside – it is the state of the construction industry, in particular a steep rise in the prices for real estate, quality of housing development, etc. When visiting our towns and cities, I can see lots of problems there. Many of these problems remained unsolved, and I as a deputy have a lot of questions to ask the developers, players of the market, and local authorities.” 

The summit began with a panel discussion, in which federal spokespersons took part. The discussion was opened by Olga Kornienko, Director of the Housing Policy Department of the federal Ministry of Construction: “To let the support measures be fulfilled more efficiently, they should be more concrete and take into account the specificity of the market, migration, the existing development level of the construction industry, and residential penetration in a region. This work is being done together with the expert community; most extensive data are being collected to analyze each Russian region and see which set of measures may be more suitable for it.” 

Ruslan Bulatov, Deputy Director of the Banking Supervision and Regulation Department of Russia’s Central Bank, explained that since the beginning of the reform of shared construction contracts, the Bank of Russia has been watching attentively the development of project financing of constructing companies, and they consider the adoption of the escrow accounts mechanism as quite successful: “By the middle of this year, 65% of the 98 million square metres of housing were being built using the new pattern. To compare: as on the beginning of the year the share was about 50%, and by the end of the year it is to reach 75–80%, provided the current adoption speed is retained.” 

According to Ilya Ivanov, Head of the Division “Mortgage Market Development” of Dom.RF JSC, most of the new residential facilities were sold with support of soft mortgage programmes in 2020 (about 90% of the total number of deals): “As part of the support of private housing construction, the family mortgage programme was spread to the construction of family cottages. We expect that the soft mortgage programme will be soon spread on this type of housing construction. Now the issue is undergoing public hearings. New developers are coming to this market, including those that used to implement their projects only in the high-rise construction sphere.” Igor Yakimchik, Regional Business Ombudsman, joined the discussion by reminding that the construction industry is a locomotive engine of both regional and national economies: “Currently, the construction business should be acquiring state purchase contracts, because this is how larger companies may win tenders in regions, and subcontract small and midsize companies from Krasnodar krai which then will also be able to increase their revenues. We should consider development of Kuban territories as our priority task. The resource that had been received to improve the facilities (roads, in particular) in Sochi and nearby municipalities is now exhausted. It is a global problem that must be resolved. Of course, to do it, we should engage both construction companies and the banking sector which should be involved in project financing of public and important construction programmes.”


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