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Economics & Business News

Repair of apartments in a year has risen in price by a third

Apartment renovation in Russia in February 2022 increased in price by up to 35% compared to the same period in 2021. This was reported to Izvestia by participants in the construction industry.

The cost of repairs has increased due to the increase in prices for building and finishing materials, as well as the rise in the cost of workers' services, which occurred due to a lack of migrants.

Industry participants noted that repair costs increased by 35% in Moscow and other large cities, and by 20% in the regions. In general, the cost of a comprehensive repair of 1 "square" has grown by 13-20%.

“One of the important factors of rising prices is the shortage of labor in the market. Almost 50% of construction organizations are faced today with a shortage of qualified personnel, ”said Sergey Pakhomov, chairman of the State Duma Committee on Construction and Housing and Communal Services.

Experts specified that in just six months the price of metal products rose by 67%, mineral insulation - by 48%, bricks - by 59%. In general, for the year, certain building materials jumped in price from 20% to 250%.

In early December, Yandex.Arenda employees reported that, most often, Russians who are looking for rental housing prefer objects with European-style renovation. Such apartments account for almost a third of the search queries of potential tenants.

Repair of apartments in a year has risen in price by a third