Anton Beloglazov: "A downturn in developers’ activity will hit SME in the building industry"

"According to Dom. RF, an analytical center, the commissioning of new projects in Q1 2025 fell by 24% on Q1 2024. Given that SME often act as contractors for large developers and generally play a considerable role in the market (according to Rosstat, the share of SME turnover in the overall "Building" activity turnover is equal to ~50+%), a decrease in the commissioning of new projects also affects the business activity of small and medium-sized companies in the real estate market. On the contrary, a decline in business activity of large developers primarily affects the business of the building industry-related SME, including various building contractors," the expert noted.