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. Last Updated: 07/27/2016

Residential Building Falls 23%

Despite severe housing shortages throughout Russia, 23 percent fewer apartment buildings were built last year than in 1991, and the construction of hospitals and schools fell even more dramatically, the State Committee on Statistics reported.

Meanwhile, Russians privatized 2. 6 million apartments - 8 percent of the total number of flats eligible for privatization, the committee said. In Moscow, 500, 000 apartments had been privatized as of last week.

Last year, 37. 9 million square meters of apartment buildings were built, down 23 percent from 1991, and enough hospitals for 8, 100 beds, down 54 percent from 1991.

Moscow was one of only three regions where apartment construction did not decline. Novgorod and Tver bottomed the list with building falling 47 percent, the committee reported.