The company itself explained the postponement by a change of contractors and a shortage of finishing materials. Also, the developer PIK Group of Companies is delivering housing with a delay of more than a month. Deputy Prime Minister of Russia Marat Khusnullin has already called this trend in the market of new buildings “dangerous”. In turn, Deputy Minister of Construction Nikita Stasishin suggested that it may be profitable for developers to delay the commissioning of objects. According to him, after commissioning of the house, banks are reluctant to issue a family mortgage for such apartments.
While some Russian companies are looking for new markets for chocolate, and others are facing tougher insurance conditions, St. Petersburg's construction industry is facing its own crisis.