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Housing construction pace decreases by 20.6% in Dagestan

16 April 2018 15:05 Posted in:  BUSINESS
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Makhachkala, April 16, 2018. In the I quarter of 2018, the housing construction tempos in Dagestan slowed down by 20.6% compared to the same period in 2017. For the present time, the volume of construction of new residential buildings decreased down to 159.3 thousand square meters, the regional Ministry of Construction, Architecture and Communal Services reports.  

According to the Ministry official, in the first quarter of 2018, Dagestan developers commissioned 127 thousand square meters of housing which is 31.6% less than in the same period of the last year.

"The reason for the decrease in the volume of housing construction is associated with the extension of the commisioning date  of a number of facilities, including social, as well as manystoreyed buildings" – the press service officer noted.



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