Volodin: Housing Cost Can't Rise 50% Annually
On November 12, Russian State Duma Chairman Vyacheslav Volodin criticized the proposed annual 50% increase in the normative cost of a square meter of housing, demanding that the Ministry of Construction provide economic justification, warning it would burden citizens with higher mortgages and reduce social housing programs.
Consensus
- Vyacheslav Volodin, Chairman of the State Duma, stated that the normative cost of a square meter of residential property cannot increase by 50% annually.
- Volodin demanded that the Ministry of Construction provide economic justifications for the proposed increase.
- He emphasized that such a rise is only justifiable if there is a corresponding 50% increase in construction workers' wages or in the prices of building materials, metal, and land.
- Volodin warned that ungrounded price increases would lead to higher mortgage burdens and reduce the volume of housing provided through state social programs.
- The statement was made during a plenary session of the State Duma on November 12.
- The President of Russia had previously instructed that tariffs and housing cost norms must be economically justified.
Points of divergence
- On November 12, the BnMap.pro monitoring system reported that the average price of apartments on the primary market in old Moscow increased by 4.28% in October 2026 compared to September, reaching 623,590 rubles per square meter. — vedomosti
- On November 12, Central Bank head Elvira Nabiullina stated that citizens need affordable housing, not just affordable mortgages, and that high volumes of subsidized loans contribute to a high key rate. — vedomosti
- In April of this year, average apartment prices in new buildings in Moscow decreased by 2.2% in old Moscow and by 3.7% in TINAO, reaching 578,400 and 331,900 rubles per square meter respectively. — vm
Coverage (4 sources)
- Vолодин заявил, что стоимость жилья не должна расти 50% в год — Вести
- Vologdin was outraged by the 50% increase in the price of a square meter of housing — Ведомости
- Vолодин: The cost of a square meter cannot increase by 50 percent from year to year — Вечерняя Москва
- Vologdin: Cost per square meter cannot rise by 50% year on year — РИА Новости (Telegram)
Key entities
- Volodin
- State Duma
- Russia
- Ministry of Construction
- Moscow
- State Duma
- Ministry of Construction and Housing and Communal Utilities