Chinese expansion into the Russian construction market
The accession of the Russian Federation to the WTO can drastically change the situation in the construction market, says Nikolai Koshman, head of the Russian Association of Builders. After joining the WTO, restrictions will be lifted that will allow Chinese construction companies to enter the Russian market.
Today, the cost price per square meter in China is only 250USD - this is almost four times lower than the cost per square meter, which is officially set as indicative in the Russian Federation, and eight to ten times lower than the price per square meter, an apartment in the new building of St. Petersburg.
At the moment, annually half a square meter is introduced for each citizen of the Russian Federation - this is significantly less than in developed European countries. Chinese technology can not only reduce construction costs but also increase the pace of development. In 2011, China surrendered 4 billion square meters. meters of housing, and in Russia 60 million square meters. m
It is worth noting that Chinese buildings are cottage-type houses erected from prefabricated kits. House area up to 300 square meters. m. The whole process of construction with finishing takes three to four weeks.
Already, some large "players" of the construction market of the Russian Federation, fearing competition, are trying to think of ways to prevent the Chinese from entering the construction market of the Russian Federation.