Radar · Economics

Russia Resets Its Construction Agenda: 33 Square Meters per Person by 2030

Published: May 14, 2024
Russia's construction and housing programme with per-person housing targets to 2030 and 2036
Russia's construction and housing programme with per-person housing targets to 2030 and 2036

The State Duma on May 14, 2024 approved Irek Faizullin (Irek Faizullin) as Russian construction, housing and utilities minister, voting 353-0 with 80 abstentions, and with the confirmation came a programme that sets the construction agenda of Russia for the next decade: at least 33 square meters of housing per person by 2030, rising to 38 square meters by 2036, a sustained reduction of unsuitable housing, a shorter homebuilding investment cycle and utility improvements for 20 million people.

A confirmation that carried a programme

The vote itself was close to unanimous, but the substance was in what Faizullin presented to members: a programme of core areas of the ministry's work, largely focused on achieving the goals and objectives set out in the presidential decree of May 7, 2024, which were first unveiled by the Russian president in his address to the Federal Assembly. The decree framing matters because it turns the ministry's agenda from a sectoral wish list into a set of state targets with deadlines.

The housing numbers: 33 by 2030, 38 by 2036

The programme involves building more homes to provide citizens with at least 33 square meters of housing per person by 2030, rising to 38 square meters by 2036. Per-person provision is the metric that converts construction volumes into a living standard: it ties annual commissioning to population and to the replacement of the existing stock, not to square meters alone.

Renovation as the second half of the target

The programme also stipulates housing renovation, meaning a sustained reduction of homes deemed unsuitable for living and the renovation, by 2030, of at least 20% of homes compared with 2019. The pairing of new construction with stock renewal is the part of the agenda that reaches beyond the building site: it implies demolition, relocation and replacement flows running in parallel with new commissioning.

The investment cycle: 300 days shorter

Rows of houses standing for the housing provision targets of Russia's 2024 construction programme
Rows of houses standing for the housing provision targets of Russia's 2024 construction programme

The third pillar is administrative rather than physical. The programme sets the target of reducing the homebuilding investment cycle to shorten the construction period by 300 days. For developers, cycle length is a financing cost: every month between land and keys carries credit service, and a 300-day compression changes the economics of a project more directly than most subsidies do.

Utilities: quality for 20 million people

The fourth pillar extends the ministry's perimeter to communal services: the quality of utility services should be improved for 20 million people by 2030, the programme said. Housing and utilities sit in the same ministry, and the target acknowledges that a commissioned building is only half of the housing service — the other half is the network behind it.

What to watch

The May 14 confirmation set the ministry's decade in motion with four measurable commitments: provision, renovation, cycle time and utilities. Each of them is a construction-market variable — commissioning volumes, replacement flows, project finance duration and network investment — which is why the programme reads less as a political statement and more as a demand schedule for the building industry of Russia through 2036.

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