At the beginning of April, reported in
The mechanism of construction project financing replaced the previously existing scheme of equity attraction of funds. It is as transparent as possible and protects the money of home buyers: funds are transferred to developers only after the facility is put into operation , — the press service of the Sevastopol Branch of the Central Bank of the Russian Federation, Mikhail Bezhan, quotes. — In addition, the savings of equity holders are also protected while they are in the bank: the amount on the escrow account is up to million rubles is insured by the state.
Recall that since July 10 developers can build apartment buildings as part of shared construction only using escrow accounts. To finance the work, the developers’ own funds and bank loans are used. The average interest rate on loans issued to developers using escrow accounts in the Southern Federal District is 4.56%.