The construction industry of Kuban showed an increase of 12.3% from the beginning of 2017

© RIA Novosti / Michael Microchimeric photolanguage in Russia. Krasnodar. Archival photoThe construction industry of Kuban showed an increase of 12.3% from the beginning of 2017© RIA Novosti / Michael Microchimeric the image Bank

The growth rate of the construction industry of the Kuban from the beginning of the year amounted to 12.3% compared to 2016, the press service of administration of Krasnodar region with reference to the Governor of the region Veniamin Kondratiev.

«Despite the skeptics, pointing a strict order in the construction sector has not led to the collapse of the housing market. This year, the construction industry is showing strong growth. Since January, it amounted to 12.3% compared to last year,» said Kondratev. He added that positive results were possible thanks to the joint work of the construction sector and representatives of regional authorities.

The Governor also stressed that the regional authorities are aiming not only to improve housing affordability, but also create a comfortable living environment.

In housing construction Krasnodar region ranks second in the country after Moscow region.

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