Anton Melnikov, CEO and a member of the Board of Directors of Metrika Investments, describes the great increase in the cost of construction in the new issue of CRE magazine:

"Volatility in the building materials market has been around for quite some time. The disruption of economic activity and the ruble devaluation can be accurately attributed to the main drivers of price growth. Last year, the greatest price increase was for rolled metal products - an average of 70-80%, which is explained by the pent-up demand at a high rate of recovery of production processes after the lockdown in 2020 and the shortage of metal in the Russian market due to increased exports, most profitable for Russian metallurgists.

In 2021, in addition, state regulation measures worked, according to which the mineral extraction tax rate increased. In addition, the country was faced with a shortage of wood and other factors, which directly affect the cost of all derivative building materials - everything, up to dry mixes became more expensive.

Contractors increase the purchase prices of basic materials every month - the price of partitions, raised floor, ductwork and other things are going up."