Almost 20% of Russian construction companies are at risk of bankruptcy amid falling demand and a high key rate, which makes mortgages unprofitable.

This was stated by Russian Deputy Prime Minister Marat Khusnullin, The Moscow Times reports .

According to him, almost every fifth construction company in the Russian Federation has already postponed the completion dates of facilities by at least half a year.

“This doesn’t mean they’ll definitely go bankrupt – they might even finish building it,” he suggested.

Khusnullin warned that if the high interest rate level remains for another six months, there will be no inflow of funds into the industry and no support for mortgages, and citizens’ investment activity will not recover, the share of developers on the verge of bankruptcy could increase to over 30%.

After the closure of mass preferential mortgage programs in July 2024, according to Khusnullin, the market for conventional housing loans “almost ceased to exist.” Currently, about 80% of loans are issued under state-supported programs (in particular, for families with children), and only 20% are issued on market terms.

The pressure on the financial stability of companies is also confirmed by statistics. According to Macon data based on Dom.rf, in the first half of 2025, nine of the 20 largest developers sharply reduced their revenue. In particular, Yugstroyinvest’s drop reached 45% – to 29 billion rubles, Tochno Group’s – 43% (to 10 billion rubles), and Setl Group’s – 41%.

According to estimates by Dom.rf, in January-June, the sale of new housing decreased to 10.4 million sq. m (–26% year-on-year), and in monetary terms – by 16%, or by 2.1 trillion rubles.

It was previously reported that construction equipment manufacturers in Russia are warning of bankruptcies due to imports from China.

Author:  Mykola Veres Джерело: https://censor.net/n3568048

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