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Amount of funds in escrow accounts in equity construction increased to 2.7 trillion rubles

3 November 2021
News

In September, the indicators of project financing of equity housing construction continued to grow.

The total amount of funds placed by equity housing construction participants in escrow accounts as of October 1 amounted to 2.7 trillion rubles. At the same time, 0.6 trillion rubles from escrow accounts for completed projects have already been transferred to developers or have been used to repay housing construction loans they received earlier.

The total limit of existing credit agreements concluded by banks and developers is 5.6 trillion rubles.

Detailed information on the dynamics of equity construction financing is published on the Bank of Russia website.

Preview photo: YuryKara / Shutterstock / Fotodom