The cost of Russian economy-class apartments can be reduced by 25%. The concept for this purpose prepared by Ministry of Regional Development. Developers, meanwhile, find the scheme unviable, assuming, given the optimistic trends, it will be introduced only in the office of the future.
Officials believe that this initiative can contribute to solving the problem of affordable housing, since the ultimate cost of apartments is in depending on the procedure of land allocation.
According to Deputy Minister of Constantine Royal, the starting price should fix the Ministry of Regional Development. Several legislators figured that after the introduction of the new scheme the cost of housing may be reduced by 20-25%.
According to analysts, with the approval of Ministry of Regional Development Project unscrupulous developers can begin to form cooperatives, to ascribe to them an apartment for low prices and then sell at high. Observers note that with the need to develop new rules, they will not act earlier than two years.