Connect with us

    Hi, what are you looking for?

    The Times On Ru
    1. The Times On RU
    2. /
    3. Business
    4. /
    5. Individual housing construction projects under contract agreements with escrow are ..


    Individual housing construction projects under contract agreements with escrow are being implemented in 13 regions of Russia

    Agreements to provide financing for individual housing construction (IHC) under contract agreements with escrow were signed with 32 companies in 13 regions of Russia. As part of the projects, private houses with a total area of ​​about 60 thousand square meters will be built. m, said Andrey Bakhmutov, vice-president of DOM.RF Bank.

    The construction of houses with a contract and escrow is most popular in Novosibirsk (15% of signed agreements), Voronezh (13%), Tyumen (12.5%), Nizhny Novgorod (12.3%) regions and the Moscow region (10.3%). Financing agreements have also been concluded with companies from the Krasnodar and Krasnoyarsk territories, Tatarstan, St. Petersburg, Kaliningrad, Chelyabinsk, Sverdlovsk and Saratov regions.

    “The escrow account mechanism has proven itself excellent in multi-apartment housing construction, interest in it is now growing in the individual housing construction market, since, on the one hand, it provides financial guarantees to people who have made a choice in favor of individual housing construction, and on the other hand, it opens up financing opportunities for the contractor. With the help of the product, individual houses according to the new rules are already being built in Kazan, Chelyabinsk and Kaliningrad,” noted Andrey Bakhmutov.

    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Take A Look

    News By Date

    You may be interested in:


    A Russian citizen was arrested in Phuket and charged with illegal vehicle rental business and working in Thailand without official permission PHOTO: SAKHU POLICE...


    Zelensky said for the first time that he is ready to negotiate with Russia before reaching the 1991 borders Photo: Global Look Press Ukrainian...


    Kyiv Mayor Vitaliy Klitschko takes a photo with a Ukrainian fighter Photo: Gleb Garanich/Reuters Servicemen of the Svoboda battalion from the elite Rubizh assault...


    Chioma Okoli asked her subscribers what they thought of Nagiko tomato mix Pregnant Nigerian businesswoman faces up to seven years in prison In custody,...