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The Ministry does not support the bill on the calculation of interest on funds held in escrow accounts (the Bank account on which you will store the buyer's money until the moment of readiness of housing). This was stated by Deputy Minister of construction, housing and utilities Nikita Stasyshyn at the meeting of the Presidium of the Council of the Association of banks of Russia, where they discussed the situation with the transition to project financing.
Received in the state Duma the draft amendments to the Civil code, which provided for the accrual of interest on stored in escrow accounts developers tools, one of the participants called a "danger" to the industry. Statesin stressed that the Ministry does not support this bill and the official opinion of the government on it is likely to be negative. The same position in relation to these amendments was expressed by Deputy Chairman of the Bank of Russia Olga Polyakova.
the Problems of developers associated with project financing were mentioned by the President of the National Association of builders, Anton Glushkov. According to him, most of the developers solved the problem with the transition to a new model of housing construction. But the questions remain. In particular, developers often underestimate the cost of construction to show suits banks the profitability of the project. This caused the surprise of the representatives of the banks according to them, credit institutions lack the competence to see unreasonable understating costs, and to deny funding.
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