In November 2019, the Rosreestr Office for the Irkutsk Region registered 599 agreements for participation in shared construction. 68 of them were issued using escrow accounts.
In total, from January to November 2019, 9,558 equity participation agreements were registered in the Irkutsk Region, 306 - with escrow accounts.
On July 1, 2019, the law on project financing came into force in Russia, according to which
purchase of 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
buying 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 completion of work, they will be credited by banks.
Irkutsk is the leader among large Russian cities in terms of rising prices for
apartments in new buildings..
/">Apartments in New buildings have grown. Significant growth was noted in Irkutsk - by 3.6 percent. This is the second indicator in the country after Moscow (4.8). Irkutsk is the leader among major cities in Russia in terms of price growth for
apartments in new buildings..
After switching to escrow -accounts in 48 out of 63 cities under consideration, prices for
apartments in Novostroyki increased. Significant growth was noted in Irkutsk - by 3.6 percent. This is the second indicator in the country after Moscow (4.8). Irkutsk is the leader among major cities in Russia in terms of price growth for
apartments in new buildings..
After switching to escrow -accounts in 48 out of 63 cities under consideration, prices for
apartments in Novostroyki increased. Significant growth was noted in Irkutsk - by 3.6 percent. This is the second indicator in the country after Moscow (4.8). Significant growth was noted in Irkutsk - by 3.6 percent. This is the second indicator in the country after Moscow (4.8). Significant growth was noted in Irkutsk - by 3.6 percent. This is the second indicator in the country after Moscow (4.8).
