The new rules, housing sales predicted failure


www.vsyako.netPhoto: Vladimir Song / RIA Novosti

More than 80 percent of sold in Russia of the residential projects will not go to the project financing in July 2019, when it will come into force new rules for developers with real estate investors. This is stated by the Federal company “Talan”, provided of edition”.ru”.

According to analysts in Moscow, to transition to an escrow account ready only about 20 percent of the buildings in Saint-Petersburg — 18 percent. Most projects are ready to adapt the new scheme, implemented in Tver, Ufa, and Kazan from 22 to 25 percent. Minimum proportion of residential houses and complexes that will be forced to switch to project financing, fixed in Kaluga (one percent of the area under construction to date systems), Novosibirsk and Obninsk (four percent), and Novorossiysk and Yaroslavl (seven percent).

Earlier in may, analysts said that the move to project Finance the construction of housing will provoke a sharp rise of prices in new buildings. According to experts, the minimum increase will be eight per cent.

July 1, developers will not be able to attract funds of investors to Finance projects. Money buyers will be kept on escrow accounts that are not available to companies before entering the house in operation. It is expected that organizations will use Bank loans in the early stages of construction.

Video, photo All from Russia.


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