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Date: 3 months ago   Category: Realty

Full transition to work through escrow accounts: stop! Once again


Date when there has to be this transition, that is on July 1, 2019, have called into question. Still as soon as the scheme has been read, builders have begun to demand her revision of the Photo: Date of full transition of builders of housing for work through escrow accounts is publicly called by AGN "Moscow" into question. According to the road map of stage-by-stage replacement of shared-equity construction with bank project financing, after July 1, 2019 builders won't be able to accept money of shareholders any more: all funds of natural persons will have to be accumulated on bank accounts to an eskro. The more there it will be saved up, the cheaper there will be for the builder bank money for which he, actually, also will work. He will get access to funds of shareholders only upon termination of construction. As soon as this scheme has been read, builders have begun to demand her revision, in particular in favor of soft to an eskro: it allows to receive money of shareholders not at the end of construction, and step by step, in process of end of each his phase. Now this subject is actively discussed in the government — at the level of the Deputy Prime Minister Vitaly Mutko and Ministry of Construction. But the scheme, apparently, was pleasant to banks even less. The Ministry of Construction, Housing and Utilities and the Central Bank already sit the second year at a negotiating table, and since then we only also hear: no, aren't ready, banks won't be able to replace money of shareholders, banks have no practice of work about an eskroa, banks consider everything the scheme high-risk and demand state guarantees … At last, at just taken place forum ProEstate of the deputy minister of construction and housing and public utilities Nikita Stasishin has said to Russia: if we see that the regulator, banks, builders aren't ready to pass in one stage to escrow accounts, we will speak about it from all possible platforms and to all heads at all levels. Though it would be more correct to tell not "if we see", and "when we will cease to pretend that we don't see it". Interestingly, how many still the branch in which announce the next revision of rules of the game nearly every day will hold on? To add BFM.ru to your sources of news?

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