Plus the renovation of the whole country

As the circle of participants expands, the White House’s work on organizing a steady stream of mainly domestic capital investments in the economy is being transformed from a subject of interest to the leadership of the RUIE into a discussion that is interesting for everyone who has money. So, it moved from behind-the-scenes construction of a system of protection and encouragement of large capital investments to a broader discussion on attracting funds from citizens taken from banks to the investment sector, “Kommersant” wrote about this on May 17. Economists, on the other hand, are setting the stage for a boom in housing construction: the new law on the integrated development of territories needs an application strategy, with amendments to the fact that housing is “the only publicly available capital, support for both small business and stability,” says Dmitry Belousov for the Public Chamber for National Projects.

Moreover, “the growth of investments in housing construction by 1 rub. leads to an increase in the added value of goods and services in related areas by 0.88 rubles. and additional tax revenues in the amount of 41 kopecks. ”, and the absence of a recession in construction reduced the fall in GDP in 2020 by 0.6-0.7 percentage points, economists are concerned about the rise in house prices in the absence of answers to long-term planning questions. The RUIE has already noted its readiness to launch projects worth 30 trillion rubles. De facto, CMASF is trying to outline the range of priority issues that arise when discussing the “housing” part of the investment boom before, on the wave of rising prices, new quarters will grow not where it is needed, but where it is profitable today.

The “new industrialization” (the Russian Federation is one of the leaders in terms of the share of ownership of housing, and people are ready to go to a new place to work in new projects only when high-quality housing is offered), and demography (lack of housing blocks the birth rate), and other national projects. But for new construction projects in the regions, infrastructure is needed, and for its creation, first of all, the division of responsibility for CRT between the federal center, regions and business and “linking the housing construction map with the migration forecast and plans for the development of new territories.”

The experience of Spain, which until 2008 was actively developing mortgages and remained in a protracted crisis with a drop in income and demand, is not entirely relevant for the Russian Federation. Unlike the Costa del Sol, there is no reason to expect that unclaimed apartments in Yekaterinburg and Novosibirsk will eventually be redeemed by foreigners – at least not by those who want to spend the rest of their lives by the warm sea, spending their pension savings. This applies to megacities, where, however, real estate will always cost something. But Russia has a bit tougher experience: from the previous industrialization, there are monotowns.

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