Cost of Russian building materials grow

In the first half of 2011, prices for construction materials in Russia significantly rose in price. Rebar grew by 5.7% in price; metal by 5-10%; gravel and cement by 10% and concrete by 18%. Market participants expect a further increase in prices for concrete and metal later in 2011, and then it may be slowing down. According to experts, if this trend remains unchanged, housing prices may grow. In 2011, the profitability of residential construction stands at 8-20%, but before the economic crisis it reached

March 26, 2012 Read time: 1 min

In the first half of 2011, prices for construction materials in Russia significantly rose in price.

Rebar grew by 5.7% in price; metal by 5-10%; gravel and cement by 10% and concrete by 18%.

Market participants expect a further increase in prices for concrete and metal later in 2011, and then it may be slowing down.

According to experts, if this trend remains unchanged, housing prices may grow. In 2011, the profitability of residential construction stands at 8-20%, but before the economic crisis it reached 30%.

Russian market expands as SME culture grows

The biggest country in the world, with probably the most diverse geology, Russia is also a relative newcomer to some of the Western business practices and attitudes that its global counterparts take for granted. After the collapse of communism, Russia had no SME style businesses as we see them in the West - dynamic and aggressive developers of new markets and ideas that can move geographically and economically to fill voids in the marketplace.