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One in ten Russians cannot afford home renovations

Russians increasingly opt for redecorating their old homes because they do not make enough money to buy new housing.

Moreover, every one in ten Russians cannot even afford a renovation. On the other hand, the share of Russians planning redecoration in their apartment or house in the next one or two years has grown from 57% last year to 78%. Half of Russians cannot afford to spend more than 100K ($1.5K) rubles on the project; a quarter, from 100K to 500K rubles ($8K); and only 10% plan to spend more half a million.

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