In 2015, the number of bankruptcies on the Russian real estate market increased almost five times compared to the level of 2014, according to a study by Rating Agency building complex (RASK).
According to the news Agency, last year recognized bankrupt 2 713 companies in the construction industry.
The negative trend continued in early 2016: in January bankrupt recognized 167 organizations against 92 in the same period of 2015, says RUSK.
The study says that the bulk of the bankruptcies have on small businesses that serve as contractors and subcontractors. Reasons of force majeure — high level of over-indebtedness and the lack of indexation on government contracts.
In particular, the company “SU-155” has suspended the construction of several large residential complexes in Moscow, Moscow region and other regions, previously reported “Interfax”. To “SU-155” filed dozens of lawsuits on bankruptcy. A subsidiary of the group “SU-155 Capital” — August 25, 2015 defaulted on the bonds and are unable to pay 84,77 million roubles of coupon income.
