Russia Real Estate Tenders

Average square meter price:
New construction: 128.8 thousand rubles
Second-hand: 92 thousand rubles
Krasnaya Polyana (resort area): 325.6 thousand rubles
Market value: Expected to reach US$11.16tn by 2028
Growth rate: Projected at 5.15% annually

Russia Real Estate Government Procurement
Significant government involvement: State plays a major role in real estate investment and development
Procurement volume: Expected to grow steadily in coming years
Transparency concerns: Limited public information on procurement processes
Key players: Ministry of Construction and Housing, Ministry of Finance, regional authorities

Main Real Estate Products and Services Procured by Russia Government
Construction: New housing, infrastructure projects, renovation of existing buildings
Land acquisition: Purchase of land for development purposes
Leasing: Renting office space, residential properties for government employees
Management and maintenance: Services for upkeep of government-owned real estate

Top Authorities for Russia Real Estate Procurement
Ministry of Construction and Housing: Responsible for overall development of the construction sector and implementation of government programs
Ministry of Finance: Manages the budget and oversees government spending
Federal Property Management Agency: Administers government-owned real estate
Regional authorities: Conduct procurement for local needs

Top Winners of Russia Real Estate Procurement
Large construction companies: PIK Group, LSR Group, Etalon Group
State-owned companies: Rostec, VTB Capital
Foreign companies: Skanska, Bouygues, Strabag

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