Posts published by “Beatrix Montgomery”

(MOSCOW) – Domestic property developers across Russia are facing increased scrutiny as home buyers report receiving new apartments in states of significant disrepair. Despite the high costs associated with luxury residential projects, where units often trade for upwards of 414,371 roubles ($5,369) per square metre, the quality of construction has reportedly plummeted. Analysts suggest that the diversion of national resources to the ongoing invasion of Ukraine has left the domestic construction sector starved of quality materials and skilled labour. New…