Translation. Region: Russian Federation –
Source: Government of the Russian Federation – Government of the Russian Federation –
An important disclaimer is at the bottom of this article.
Since March 1, 2025, when the law allowing for the use of escrow accounts in individual housing construction (IHC) came into force, more than 8,800 private homes have been built using this mechanism, Deputy Prime Minister Marat Khusnullin reported.
"We see a strong interest among people in living in their own homes. The record 63.5 million square meters of individual housing construction completed last year clearly demonstrates this. At the President's direction, a set of measures for the development of individual housing construction through 2030 has been approved to ensure this trend receives further support. It is crucial that this growing sector be as reliable as possible for citizens. That's why, a year ago, the escrow account mechanism was extended to individual construction, which has proven successful in the construction of multi-family housing. In the first year of the law's implementation, more than 8,800 private homes were built using escrow accounts. Also during this time, 22,800 contracts using escrow accounts were signed for the construction of individual homes, totaling 2.4 million square meters," said Marat Khusnullin.
Currently, the use of escrow accounts is mandatory when constructing private homes using credit funds under preferential mortgage programs.
The portal stroim.dom.rf has become a unified digital platform for building houses using a protective mechanism.
"We are creating a user-friendly digital infrastructure for a civilized individual housing construction market. Today, more than 10,500 contractors are offering their projects on the stroim.dom.rf portal, and citizens have access to over 42,000 home options for secure construction using escrow," noted Vitaly Mutko, CEO of DOM.RF.
As a reminder, an escrow account in construction provides a secure payment method. The buyer deposits funds into a special bank account, and the developer receives them only after construction is completed and the building is commissioned. This guarantees the safety of funds and protects the buyer from loss in the event of missed deadlines or the company's bankruptcy.
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