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91 real estate developers went bankrupt in Russia over the first five months of 2021

... was 25%. The money of citizens investing in housing under construction rushed to the capital region and to the south of Russia. Reduced migration flows and rising prices for building materials exacerbate the upward trend in housing costs. As for the equity holders, who have invested their savings in unfinished apartments, their fate has not yet been determined. Most likely, the ‘victims’ of bankrupt developers will have to resolve the issue in cooperation with the Federal Fund for the Protection ...

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