More than half of Russians have decided against renovating their homes due to a lack of funds

Over 56% of Russian citizens have been forced to abandon their plans to renovate their homes over the past three years. 

This was reported by Gazeta.ru, citing the results of a survey by Verol. 

The main factor that deterred respondents was a lack of funds—75% of those surveyed cited this reason. In addition to financial difficulties, the situation is influenced by general economic uncertainty, a lack of relevant experience (31.3%), and differences of opinion within the family (18.8%).

Due to declining purchasing power, Russians are increasingly opting for cosmetic changes over major renovations. Specifically, 62.5% plan only to purchase new furniture, while half of those surveyed are limiting themselves to minor updates to the decor. Space zoning has also become a popular solution (43.8%), allowing for interior changes without significant investment. A significant portion of respondents (87.5%) acknowledged that their homes contain “dead zones” that go unused due to outdated appearance or poor layout.

Entranceways and hallways draw the most complaints—87.5% of survey participants consider them unsuitable for comfortable living. Living rooms (31.3%) and bedrooms (18.8%) also made the list of “uninviting” spaces. The main reasons cited for these areas remaining unused are inconvenient layouts and insufficient lighting. Thus, the economic crisis in Russia has led to a situation where most residents are forced to live in outdated conditions, lacking the financial means to remedy the situation.

The Russian economy has seen a sharp rise in overdue debts between companies—their total has reached $90 billion.