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Real Estate Sector - Russia (2010)

In 2009 Russia operated housing funds of 3.2 billion sq m, of which 84.3% is privately owned. In 2009 construction of residential property declined by 6.5% year-on-year and amounted to 59.9 million sq m of built-up
area. The total number of newly-built residential units in 2009 reached 701,900. Between 2001 and 2008 the volume of built residential units was continuously increasing.

The volume of residential units with mortgage commissioned in 2009 increased by 8.5% year-on-year and amounted to 653,500 sq m, which is only 1.1% of the total commissioned housing space.

In 2009 foreign direct investments inflow in Russia totalled to USD 81.927 bln, of which USD 7.9 bln, representing 9.7% of the total, were invested in real estate, renting and business activities.

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