According to the information of the Central Bank, 15 loan agreements were concluded in the Novosibirsk region using escrow accounts.
For the first time, the Central Bank published statistics on opening escrow accounts for
buying apartments in Russian regions. As of August 26, more than 10 thousand escrow accounts were opened, the balance on them is 30.2 billion rubles. The leader in this was Moscow, where almost 2 thousand escrow accounts were opened, on which 13.4 billion rubles were collected. In addition, Moscow and Leningrad regions are in the top three with 675 and 674 accounts, respectively.
On July 1, 2019, the law on project financing came into force in Russia, according to which
buying an apartment in a house under construction will follow the new rules. From now on, developers are prohibited from attracting money from equity holders for housing construction. When
purchasing an apartment, citizens will make all payments through special escrow accounts in authorized banks. Construction companies will not be able to use this money until the end of the work, they will be credited by banks.
