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Construction industry in Russia - statistics & facts

In the past years, the Russian construction industry faced such challenges as increasing material costs and fluctuating commissioning growth rates, along with coronavirus-related setbacks. Nonetheless, the market where private organizations prevail by the volume of construction works, kept growing despite the adversity.

Residential construction

The residential construction sector has been rather fluctuant in Russia. In 2020, the total volume of construction area amounted to about 80 million square meters. Even though the amount of commissioned individual houses grew significantly in the past years, the total volume of apartment blocks under construction prevailed. In 2021, the city of Moscow accounted for the largest area of multi-apartment residential buildings construction countrywide, while St. Petersburg listed second by the same metric. In 2020, the size of residential construction works grew by over six percent in the Ural federal district, which was the highest increase among all the federal districts.

Even if the past years were not the most prosperous for the Russian construction market, construction enterprises kept reporting growing sales revenues. PIK Group, which mainly focuses on comfort-class housing projects located in Moscow, was the largest Russian real estate developer by the area under construction. Saint Petersburg-based LSR Group ranked second with 2.6 million square meters of a surface under development. By 2025, apartment commissioning volume in Russia is expected to exceed 84 million square meters.

Non-residential construction and building costs

Since 2010, the size of annual non-residential construction works has risen notably. In 2020, 33.4 million square meters of non-residential buildings were built countrywide, 1.9 million square meters down from the year before. Agricultural and commercial buildings made up for the largest commissioned works share in the non-residential construction market of Russia.

The average housing construction cost in Russia have be growing year-over-year, reaching 44.5 thousand Russian rubles per square meter, in 2020. As for the cost of construction materials, prices varied across federal districts. As of March 2021, sand was the construction material that experienced the most significant price growth.

Key figures

The most important key figures provide you with a compact summary of the topic of "Construction industry in Russia " and take you straight to the corresponding statistics.

Housing construction

Companies

Interesting statistics

In the following 5 chapters, you will quickly find the 33 most important statistics relating to "Construction industry in Russia ".

Construction industry in Russia

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Construction industry in Russia - statistics & facts

In the past years, the Russian construction industry faced such challenges as increasing material costs and fluctuating commissioning growth rates, along with coronavirus-related setbacks. Nonetheless, the market where private organizations prevail by the volume of construction works, kept growing despite the adversity.

Residential construction

The residential construction sector has been rather fluctuant in Russia. In 2020, the total volume of construction area amounted to about 80 million square meters. Even though the amount of commissioned individual houses grew significantly in the past years, the total volume of apartment blocks under construction prevailed. In 2021, the city of Moscow accounted for the largest area of multi-apartment residential buildings construction countrywide, while St. Petersburg listed second by the same metric. In 2020, the size of residential construction works grew by over six percent in the Ural federal district, which was the highest increase among all the federal districts.

Even if the past years were not the most prosperous for the Russian construction market, construction enterprises kept reporting growing sales revenues. PIK Group, which mainly focuses on comfort-class housing projects located in Moscow, was the largest Russian real estate developer by the area under construction. Saint Petersburg-based LSR Group ranked second with 2.6 million square meters of a surface under development. By 2025, apartment commissioning volume in Russia is expected to exceed 84 million square meters.

Non-residential construction and building costs

Since 2010, the size of annual non-residential construction works has risen notably. In 2020, 33.4 million square meters of non-residential buildings were built countrywide, 1.9 million square meters down from the year before. Agricultural and commercial buildings made up for the largest commissioned works share in the non-residential construction market of Russia.

The average housing construction cost in Russia have be growing year-over-year, reaching 44.5 thousand Russian rubles per square meter, in 2020. As for the cost of construction materials, prices varied across federal districts. As of March 2021, sand was the construction material that experienced the most significant price growth.

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