Translation. Region: Russian Federal
Source: Government of the Russian Federation – Government of the Russian Federation –
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Large-scale work on the transition of private housing construction to safe financing mechanisms continues in Russia. Since March 1 of this year, construction of more than 1 million square meters of individual housing has begun using escrow accounts. The new payment system has become possible due to the entry into force of a law regulating the specifics of interaction between all participants in the process. This was reported by Deputy Prime Minister Marat Khusnullin.
"Work on developing individual housing construction helps make the process of building your own home more accessible, simple and technological, thereby opening up new opportunities for Russians to improve their living conditions. The introduction of the escrow account mechanism dramatically increases the level of protection of citizens' funds and gives the market a new impetus for growth. We see a high demand for this tool and people's trust in it. Since March 1, more than 9,000 private houses with an area of about 1 million square meters have been built using escrow accounts. Another important advantage is the speed of construction: the average construction time for a typical house with an area of more than 100 square meters today is about 7 months. Our task is not only to maintain the pace of development of individual housing construction, but also to provide the territories with all the necessary infrastructure – engineering, social, transport," said Marat Khusnullin.
More than 5.5 thousand construction organizations ready to work according to the new standards have already registered on the unified online platform stroim.dom.rf. This gives citizens a wide choice of contractors. The number of companies that have already begun practical work on the construction of private houses using escrow accounts has exceeded 2.5 thousand, which is 7 times more than at the beginning of March 2025.
"The private housing construction segment is currently undergoing a stage of qualitative transformation. The introduction of the escrow mechanism reduces people's financial risks, and opens up access to preferential financing instruments for contractors," noted Vitaly Mutko, CEO of DOM.RF.
An additional incentive for the growth of the individual housing construction segment was the issuance of preferential loans under the subsidy program from DOM.RF, launched to support contractors working using the escrow mechanism. Under the program, which is valid until the end of 2025, contractors can receive preferential loans at a rate of 1% per annum. To date, banks have provided 23.6 billion rubles in targeted financing for the construction of private houses with an area of more than 578 thousand square meters using the escrow account mechanism.
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