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Date: 2 weeks ago   Category: Realty

Dialogue is not based: difficulties of work on escrow accounts


The Pervoiyulsky Rubicon is crossed: the law on the transfer of housing construction to bank project financing with use of escrow accounts came into Photo force: Sergey of Bobyliov/TASS In Moscow is 604 existing construction licenses today, in 374 of them developers will be able to attract money of shareholders still directly. 137 more projects will be completed with use of escrow accounts, and remained 93 — for budgetary funds or according to other schemes. The head of Moscow Committee for Investment Project Support and Participatory Construction Oversight Anastasia Pyatova who noted that the builders working according to the old scheme, the committee will especially check not to allow appearance of new defrauded investors told about it at the Moscow urbanistic forum. Everything, by calculations the HOUSE. The Russian Federation, it is possible to attract directly money of natural persons for construction of nearly 14.5 million square meters of the Russian housing today. With use of escrow accounts about 6.5 million more "squares" are under construction, and representatives of the Central Bank constantly emphasize that banks have enough means to satisfy all inquiry of a building complex. Means, maybe, and are enough, but here dialogue between banks and developers still returns to normal hardly. The projects applying for bank money are considered long, documents from builders what it is necessary and it is not necessary, demand in a huge number, low-marginal regional buildings are under the threat of failure, and in Ministry of Construction recognize that they need additional support: the small companies can just ruin new rules. In the performance at a forum the CEO of Pioner Group Andrey Grudin suggested to consider again the possibility of stage-by-stage disclosure of escrow accounts that builders received money of shareholders on the course, but not at the end of construction. The first months of work of the new law will show whether there is in it a sense. To add BFM.ru to your sources of news?

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