The expert told about the volume of the market of wooden housing construction in Russia

© RIA Novosti / Vladimir Astapkovich in fotomonsterflash. Archival photoThe expert told about the volume of the market of wooden housing construction in Russia© RIA Novosti / Vladimir Astapkovich the image Bank

The volume of the market of wooden housing construction in Russia is about half a trillion rubles a year, said the General Director of Association of wooden housing construction Oleg Panitkov at a press conference in MIA «Russia today».

«In the United States this market is 3-5% of GDP, imagine the volume!», — he stressed.

According to Panitkov, the development of wooden housing construction in Russia is hampered by the lack of «long money» — available credits and regulatory framework for the functioning of the industry. As a result, he added, the market goes into the shadows, and for the end user, the house is a few times more expensive.

As previously reported by the Deputy Minister of industry and trade of Russia Viktor Evtukhov, in 2016, Russia has built approximately 120 million square meters of real estate, of which only 12% was constructed with the use of the products of wooden construction. In the US, Canada, Japan, some countries of Europe this figure stands at 40%.

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