Construction sector in Russia 2009

Table of contents:

Methodology

Executive summary

Macroeconomic overview

• Gross domestic product
• Investment
• Inflation
• Exchange rates

Construction market overview

• Introduction
• Construction output
• Construction output in federal subjects of Russia
• Market forecast
• Employment and wages
• Construction companies
• Business confidence within the construction industry
• Taxes
• Prices in construction
• Building materials
• Cement market

Infrastructure development

• Overview
• Missed opportunity
• Beyond 2009
• Infrastructure development programmes
• Investment Fund & PPP
• Other infrastructure investment schemes
• Roads
• Railways
• Airports
• Energy projects
• Sochi and Vladivostok investments

Non-residential construction

• Introduction
• Property investment market
• Office property
• Retail property
• Warehouse property
• Hotel property
• Forecast

Residential construction

• Overview
• Housing stock
• Construction of housing
• Residential construction in regions
• Individual residential construction
• Repair and renovation
• Housing construction costs
• Housing prices and sales
• Forecast

Company profiles

• SU-155
• Transstroy
• Inteco
• Globalstroy Engineering
• Glavstroy
• PIK
• Stroytransgaz
• E4 Group
• Mosinzhstroy
• Mostotrest
• Mosmetrostroy
• Mospromstroy
• Mezhregiontruboprovodstroy
• Mosstroymekhanizatsiya-5
• Mostostroitelnyi Otryad 19
• Dalspetsstroy
• Welding & Building Company (Svarochno-Montazhny Trest, SMT)
• LSR Group
• Engeocom
• S Holding
• MIAN
• Mirax Group
• OPIN
• Capital Group

Appendix – Investing technicalities

List of graphs

List of tables

About PMR

Contact PMR

List of graphs and Tables:

List of graphs

1. GDP growth in Russia (%), 2000-2012
2. Fixed capital investment in Russia (%, y-o-y), Q1 2006-Q3 2009
3. Construction output in Russia (RUB bn and y-o-y change), 2004-2009
4. Construction output in Russia (%, y-o-y change), 2006-2012
5. Total floor space of residential space completed in Russia (million m2 and y-o-y change), 2001-2009
6. GDP growth in Russia (%), 2000-2012
7. Gross domestic product and gross fixed capital formation in Russia (%, y-o-y), 2006-2009
8. Fixed capital investment in Russia (%, y-o-y), Q1 2006-Q3 2009
9. Fixed capital investment in Russia (%, y-o-y), 2004-2011
10. Foreign direct investment in Russia ($ bn), 2000-2009
11. Consumer price index in Russia (%, December to December), 2000-2009
12. €/RUB and $/RUB exchange rates, 2007-2009
13. Construction output in Russia (RUB bn and y-o-y change), 2004-2009
14. Construction output breakdown in Russia, by segments, 2005-2008
15. Value of construction work orders signed and other construction orders in Russia (RUB bn), 2008-2009
16. Backlog of orders in the construction industry (months), 2007-2009
17. Construction output in Russia, by leading regions, January-August 2009
18. Construction output breakdown in Russia, by segments, 2008-2012
19. Construction output in Russia (%, y-o-y), 2004-2009
20. Construction output in Russia (%, y-o-y change), 2006-2012
21. Number of employed in construction industry in Russia (’000), 2005-2008
22. Average monthly wages in Russia, by industries (RUB), 2007-2009
23. Number of construction companies in Russia, including these with less than 100 staff, 1995 and 2000-2007
24. Changes in the index of business confidence within the construction industry in Russia (%), 2006-2009
25. Average capacity use rate in the Russian construction industry (%), 2000-2009
26. Main barriers to doing business in the Russian construction sector (% of all construction enterprises), Q4/2008-Q3/2009
27. Producer price indices in construction in Russia (%, December to December), 2001-2008
28. Production of selected building materials in Russia (y-o-y change), 2008 and H1 2009
29. Inflation in building materials in Russia (%, y-o-y and m-o-m), 2007-2009
30. Production of cement in Russia (million tons), 1970-2009
31. Cement market volume in Russia (million tons), 2001-2009
32. Transport infrastructure construction market breakdown in Russia, 2008
33. Transport infrastructure construction market breakdown in Russia, 2009
34. Planned source of funding for the Development of Russia’s Transport System 2010-2015 programme (RUB bn)
35. Transport infrastructure development strategy of the Russian Federation, 2010-2030
36. Road network development plans in Russia by 2015
37. Planned sources of funding for construction of new railway lines in Russia by 2030 (RUB bn)
38. Number of civil airports in Russia, 1992-2009
39. Number of hard-surfaced and natural-surfaced landing strips in Russia, by length of landing strip, 2009
40. Investment in airport expansion and development (RUB bn), 2000-2008
41. New landing strips planned for completion in Russia, 2010-2015
42. Volume of investment in commercial property in Russia ($ m), 2006-2009
43. Volume of high quality office space (’000 m2) and population (million) in main Russian cities, 2009
44. Volume (million m2) and share (%) of office space in Moscow by class, H1 2009
45. Office space supply in Moscow (million m2) and rate of growth (%), 2000-2010
46. Rental rates ($) for office space in Moscow, 2004 - H1 2009
47. Distribution of office rental deals by volume of space in Moscow (m2), Q1 2009
48. Shares of property rented or purchased as proportions of total Moscow office property market (%), 2008-H1 2009
49. Office space supply in St.Petersburg (’000 m2) and growth rate (%), 2005-2010
50. Breakdown of ongoing projects for construction of business centres in St. Petersburg, July 2009
51. Structure of office space rental deals in St.Petersburg (m2 of rented space), Q1 2009
52. Number of shopping centres and gross retail space (million m2) in Russia, H1 2009
53. Shopping centre area in Moscow (million m2), 2001-2009
54. Distribution of GLA in commercial centres in Moscow by type of retail, H1 2009
55. Shopping centre space in St.Petersburg (million m2), 2002-2009
56. Gross rental space (million m2) in the shopping centres to be constructed in Russia, H1 2009-2011
57. Range of rental rates for retail property in Moscow and St. Petersburg ($/m2/year), July 2009
58. Volume of class-A and class-B warehouse space in Moscow (million m2), 2003-2009
59. Distribution of demand for warehouse space in Moscow (m2 of rented space), H1 2009
60. Average yearly rental rates ($/m2) for warehouse property in Moscow, 2006-H1 2009
61. Distribution (%) of warehouse facilities by type of product, Moscow, 2008
62. High quality warehouse space (’000 m2, end of period) in St. Petersburg, 2003-H2 2009
63. Vacancy rate of warehouse space in St. Petersburg (%), Q1 2008-Q2 2009
64. Number and share (%) of rooms by hotel type in Moscow, H1 2009
65. Number of hotels launched in Moscow, 2008-H1 2009
66. Average rates at hotels in Moscow (RUB per night), H1 2009
67. Share of rooms by hotel type in St. Petersburg, H1 2009
68. Average prices at hotels in St. Petersburg (RUB per night), 2008
69. Per capita housing space in Russian federal districts (m2/capita), 2008
70. Apartments in Russia, by number of rooms, 2008
71. Share of dilapidated housing as a proportion of total housing stock in Russia, by federal districts (% of total), 1995, 2000 and 2007
72. Total floor space of residential space completed in Russia (million m2 and y-o-y change), 2001-2009
73. Total number of housing units built in Russia (’000 units and y-o-y change), 2002-2009
74. Average size of housing units commissioned in Russia, including those built privately (m2), 1995 and 2000-2008
75. Construction of housing units in Russia, by number of rooms (% share), 2000-2008
76. Investment in residential construction in Russia (RUB bn), 2000-2008
77. Construction of residential floor space in Russia, by leading regions, 2008
78. Total floor space of detached houses built privately in Russia (million m2 and y-o-y change), 2001-2009
79. Total number of detached houses built by individuals in Russia (’000 units and y-o-y change), 2001-2009
80. Individual construction of housing space as a proportion of total housing space completed in Russia, 1996-2009
81. Individual construction of housing space as a proportion of total housing space completed in Russia’s federal districts, H1 2009
82. Housing space repaired or renovated in Russia (million m2), 1995 and 2000-2008
83. Expenditure on repair and construction services for residential and other buildings (RUB bn and y-o-y growth), 2005-2009
84. Average prices of dwellings on the primary and secondary market in Russia (RUB, at end of year/quarter), 1998-2009
85. Change in average prices of dwellings on the primary and secondary market in Russia (%, end of period to the end of the preceding year), 1998-2009

List of tables

1. Real GDP growth in Russia, by industry (%, y-o-y), 2005–2009
2. Contribution to GDP of various sectors of the economy in Russia (% of total), 2005–2009
3. Basic indicators of economic development in Russia (%, y-o-y), 2006–H1 2009
4. Breakdown of fixed capital investment in Russia (%), 2000-2009
5. Structure of construction works carried out by large and medium construction companies in Russia (% share), 2005-2008
6. Construction output in federal subjects of Russian Federation, 2008-2009
7. State-financed capital expenditure plans on construction in Russia, 2009
8. Number of active construction companies in Russia, by form of ownership, 2000-2007
9. Financial results of companies active in the construction and property industries in Russia, January-July 2009
10. Expected future developments in the major indicators related to the activities of construction companies in Russia, Q3 2009
11. Capacity utilisation rate of construction companies in Russia (%), by company size, 2006-2009
12. Structure of expenses associated with construction works in Russia (% share), 2005-2007
13. Production of basic building materials, 2007-2009
14. Production of building machinery in Russia (units), H1 2009
15. Increase in producer prices for selected building materials purchased by contractors in Russia, December 2008 and August 2009
16. Producer prices for selected building materials purchased by contractors in Russia, August 2009
17. Average prices of basic building materials purchased by construction companies in Russia (RUB, year-end), 2002-2008
18. Commissioning of facilities in Russia through new construction, expansion, reconstruction and technical upgrade, 2005-2009
19. Transport infrastructure capex plans according to Federal Target Programme 2010-2015 ($ bn), 2009-2011
20. Federal budgetary allocations for the development of the transport system (RUB bn), 2009-2012
21. Benefits of PPP participation
22. Total length (km) and density (km/1,000 km2 of land) of hard-surfaced public roads in Russia, 2000, 2005, and 2007-2008
23. Total length and density of road networks in selected countries, 2008
24. Commissioning of hard-surface roads in Russia, 2006-2009
25. Investment required for the implementation of the 2010-2015 road development programme in Russia (RUB m), 2010-2015
26. Target indicators for the 2010-2015 road development programme in Russia (end of the year), 2010-2015
27. Projects scheduled in the federal programme: Development of Russian Transport System 2010-2015. Sub programme Automobile Roads 69-
28. Major projects planned as part of the Strategy for Railway Development up to 2030
29. Major airport modernisation and construction projects in Russia, 2010-2015
30. The list of thermal power plants projects to be realised by companies established after the Russian UES reform within the framework of the Investment Programme for 2008-2012 (RUB m)
31. List of hydro power projects to be implemented by RosHydro as part of the Investment Programme (RUB m), 2009-2012
32. Largest property/stock sales by developer in Russia, H1 2009
33. Non-residential buildings completed in Russia, 2006-H1 2009
34. Largest office projects launched in Moscow, 2008-H1 2009
35. Largest office projects planned for completion in Moscow, H2 2009 - 2012
36. Largest office projects launched in St. Petersburg, 2008-H1 2009
37. Largest office projects scheduled for completion in St. Petersburg, H2 2009-2012
38. Largest retail property projects launched in Moscow, 2008-H1 2009
39. Largest retail property projects scheduled to be launched in Moscow, H2 2009-2012
40. Largest retail property projects launched in St. Petersburg, 2008-H1 2009
41. Largest retail property projects scheduled to be launched in St. Petersburg, H2 2009-2012
42. Largest warehouse property projects launched in Moscow, 2008-H1 2009
43. Largest warehouse projects scheduled to be launched in Moscow, H2 2009
44. Largest warehouse property projects launched in St. Petersburg, 2008-H1 2009
45. Largest warehouse property projects launched in St. Petersburg, H2 2009
46. Largest hotel property projects launched in Moscow, 2008-H1 2009
47. Largest hotel property projects scheduled to be launched in Moscow, H2 2009
48. Largest hotel property projects launched in St. Petersburg, 2008-H1 2009
49. Largest hotel property projects scheduled to be launched in St. Petersburg, H2 2009
50. Housing supply in Russia (millions m2, year-end), 1995, 2000 and 2005-2008
51. Living standards in Russia’s housing stock, 1995 and 2008
52. Residential construction in Russia by ownership type, 2000 and 2006-2008
53. Residential buildings (excluding individual houses) in Russia considered incomplete (end of year), 2000 and 2005-2008
54. Total floor space of housing units completed in the federal subjects of Russian Federation, 2008-2009 126-
55. Residential construction in urban and rural areas of Russia, 2008
56. Average construction cost of 1 m2 of housing in Russia, 2004-H1 2009
57. Average prices of dwellings on the primary market in Russia (year-end, RUB/m2), 2000-Q2 2009
58. Average prices of dwellings on the secondary market in Russia (year-end, RUB/m2), 2000-Q2 2009
59. Increase in average prices of dwellings on the primary market in Russia (%, year-end to year-end), 1999-2008
60. Increase in average prices of dwellings on the secondary market in Russia (%, year-end to year-end), 1999-2008
61. Average prices of dwellings on the primary and secondary markets in selected regions of Russia (RUB/m2), Q2 2009
62. Change in average prices of dwellings on the primary and secondary markets in selected Russian regions (%, end-quarter to end-2007), Q2 2009

Download white paper: