Yakutsk experiences record-breaking temperatures for two consecutive years.
Alright, let's break down this construction boom happening in Yakutia, shall we?
Since 2018, the building game in Yakutia has been on fire! Last year alone, a whopping 752 thousand square meters of new housing was commissioned, the highest figure since Soviet times. That's a 40% increase compared to 2018, thanks to the national project 'Housing and Urban Environment', infrastructure mechanisms, and preferential mortgages, as per Aisen Nikolaev, the region's sharp-shooting head.
Individual housing construction has seen a massive surge too, with volumes doubling since 2018. In just the first five months of 2025, over 320 thousand sq.m of housing has been built, including more than 250 thousand sq.m of individual homes — 31% more than in the same period of 2024.
Resettling people from run-down apartments is another feat Yakutia's accomplished. Around 46,890 people were moved out of 889 thousand sq.m of crumbling housing within the nation's largest resettlement program. By the end of 2024, 15 development projects with a potential of over 1.1 million sq.m were underway.
The "Far Eastern and Arctic Mortgage" program is playing a significant role in making homes more affordable. Since its inception, 28,513 mortgages worth 147.4 billion rubles have been dished out to Yakutia residents. And there's more to come, with another 1,209 credits worth 7.3 billion rubles issued since the start of 2025.
The region is also scaling up its rental housing system. By the end of 2025, 361 rental apartments will be commissioned within the framework of the federal program "Affordable Rental Housing in the Far East," with plans to add another 618 rental apartments in 2026.
With mortgage rates surging across the nation, Yakutia isn't planning to miss the action. Aisen Nikolaev emphasized that they're bracing to support construction organizations and stimulate individual housing construction to stay ahead of the curve.
In short, construction in Yakutia's on a roll. It's a chain reaction of government initiatives, investment, and economic factors driving growth. But as always, ensuring this growth doesn't overwhelm the supporting infrastructure and fails to consider the environment will be crucial for Yakutia's future.
In the ongoing construction boom in Yakutia, significant strides have been made in various aspects of the housing sector. The surge in individual housing construction, which has doubled since 2018, is a testament to the success of government projects and preferential mortgages, making homes more accessible for residents (finance, business). Furthermore, the region is actively working on expanding its rental housing system and supporting construction organizations, demonstrating a commitment to keeping pace with national trends in the housing market (finance, business).
