🏗 Real estate boom will continue, capitalization of developers will grow, according to RDV sources.
Need for families in #Russia for real estate is so much higher than supply of #developers that prices for square meters will inexorably rise.
$SMLT $PIKK $LSRG $ETLN
Thread 🧵👇
The volume of the #RealEstate market in 2020 amounted to more than 17 trillion rubles - this is the second consumer market in #Russia.
Growth potential of share of top 5 #developers is 250% - up to level of consolidation of #grocery retail market comparable in size. Along with growth of share of large players, their revenue is growing. Top 5 public developers include #Samolet, #PIK and #LSR.
$SMLT $PIKK $LSRG
Developers will continue to build and earn a lot. In #Russia, and especially in #Moscow, provision with housing is 2-3 times lower than in #Germany, #China, #USA etc. Russians will continue to improve their living conditions, market growth potential is more than 100%.
The penetration of mortgages in #Russia is still low. Only ~5 mln families - 11% of the population have a #mortgage. In the next decade, the number of mortgages may double. The demand for housing is turning into sales from #developers.
You may find more:
#Samolet $SMLT: putinomics.com/dashboard/SMLT…
#PIK $PIKK: putinomics.com/dashboard/PIKK…
#LSR $LSRG: putinomics.com/dashboard/LSRG…
#Etalon $ETLN: putinomics.com/dashboard/ETLN…
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