Source: Central Bank of the Russian Federation in English
15 December 2020
Indicators of project finance in equity housing construction continued to grow in October, helped by a number of factors including government support.
Equity construction participants’ holdings in escrow accounts totalled 851 billion rubles as of 1 November 2020, with 64.1 billion rubles having been transferred to developers for completed projects / as repayments of loans for construction.
The total lending amount under agreements between banks and developers has exceeded 2 trillion rubles.
Further details of movements in equity construction finance are available on the Bank of Russia website.
Preview photo: Tezikova Julia / Shutterstock / Fotodom