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    5. Regions named as leaders in opening escrow accounts

    Business

    Regions named as leaders in opening escrow accounts

    Since the beginning of 2024, home buyers have opened 30% more escrow accounts than during the same period last year, said Kirill Varentsov, vice president of DOM.RF Bank. More than 28 thousand clients have registered escrow. The volume of funds placed in the accounts exceeded 155 billion rubles, which is 40% higher than the same period in 2023.

    Escrow is a special account that is used for secure transactions in the real estate market under construction. The buyer deposits money into a bank account, where it is stored until the construction of the project is completed and only after that is transferred to the developer.

    The most accounts were opened in Moscow (4.8 thousand for 48.1 billion rubles), Tyumen (2.6 thousand for 9.4 billion rubles), Moscow (2.4 thousand for 11.6 billion rubles), Novosibirsk (1.8 thousand for 6.4 billion rubles) regions and in Tatarstan (1.6 thousand for 8.3 billion rubles).< /p>

    The top 10 also included the Sverdlovsk region (1.5 thousand, 4.9 billion rubles), Primorsky Krai (1.2 thousand, 6 billion rubles), St. -Petersburg (1 thousand, 6.8 billion rubles), Leningrad region (0.9 thousand, 2.5 billion rubles) and Bashkiria (0.9 thousand, 3.9 billion rubles).

    “Since the transition of the construction industry to project financing, more than 103.9 thousand esrows have been opened, with about 80% outside the capital, that is, interest in the instrument is being shown throughout the country,” said Kirill Varentsov.

    According to the portal nash.dom.rf at the end of May 2024, 112.4 million square meters are being built in Russia. m of housing, of which more than 96% are using escrow accounts.

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