OREANDA-NEWS  .Over the past six months, the cost of construction work in the Russian Federation has increased by 8%, Elena Mironova, director of the estimated pricing Department of Granel Group, told Pavel Gavrilov, vice-president of the GloraX planning unit, gave similar data — he claims that in six months the cost price increased by 5-7%, and according to Dmitry Golev, Optima Development commercial director, this figure reached 10% over the same period.

"First of all, this is due to a shortage of personnel, and not only highly qualified. To retain builders, companies regularly index their wages. This leads to an increase in the cost of construction, which negatively affects the marginality of developers and housing affordability," Dmitry Golev said.