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Russia: Experts say subsidized housing sector weak

Posted on 31 January 2012

The quantity and scope of state provided housing in Russia is very limited compared with many other countries, particularly in Europe, and families in Moscow can wait up to 10 years for apartments, according to city officials.
There are 414 apartments per 1,000 people in Russia, which is significantly below the European Union figure of 450 per 1,000 people, said Wolfgang Amann, a member of the Real Estate Market Advisory Group of the United Nations Economic Commission for Europe, at the round table last week. On average, Russians have 22.4 square meters of living space versus 38 square meters in the EU………………………………………..Full Article: Source


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