Escrow question // How project financing has strengthened in the development business

In Russia, the transition of housing developers to project financing and attracting funds from co-investors through escrow accounts is nearing completion. But this experience was not painless for all equity holders. Kommersant found out that the new rules do not fully protect home buyers from investment losses and demolition of already built houses. …

The price of the issue // Deputy Chairman of the State Duma Committee on Property, Land and Property Relations Nikolai Nikolaev on the introduction of escrow accounts

Until 2018, a significant share of the new build market was in the gray zone. Every year, developers collected about 1.7 trillion rubles from equity holders: most of this amount practically passed by the state due to the lack of clear requirements for developers and the movement of funds contributed by buyers. This was the … Read more

Scammers Cite Black Friday // Fake Marketplace Sites Lead Buyers Into Chat Rooms

Against the background of marketplace promotions during Black Friday, fraudsters began to actively create copies of them, information security experts said. To receive a discount, they offer the victim to go to a chat in instant messengers, where they send a link to a fake payment page. Also, during the sales period, the number of … Read more

Demand will be supported by incentives // Buyers of domestic IT solutions will be given a discount on income tax

Within the framework of the “second package” of measures to support the IT industry, the government has agreed on new benefits for buyers of domestic software and hardware. All of them relate to income tax – we are talking about the application of a multiplying coefficient to the costs of purchasing Russian solutions in the … Read more

Size does not matter // Ministry of Construction proposes to approximate the rules for the construction of cottage settlements and high-rise buildings

The Ministry of Construction is making a new attempt to regulate the legal status of organized cottage settlements – the department has prepared a bill on financing their construction and managing common property. Now in the Russian Federation, every sixth residential building is being built in such settlements. Developers will be able to attract funds … Read more