UDC 69.003
DOI: 10.36871/ek.up.p.r.2025.01.05.003
Authors
Svetlana V. Shepina,
Baikal State University, Irkutsk
Abstract
More than half of the construction in the Russian Federation currently accounts for individual housing construction. The popularity of such an option for purchasing real estate has a number of objective and subjective reasons. Traditionally, individual residential buildings were built by small construction contractors or by the future owners themselves.
The adoption in mid-2024 of Federal Law No. 186-FZ "On the construction of residential buildings under construction Contracts using escrow accounts" radically changed the business conditions for construction companies in this market. In addition, the change in the terms of the family mortgage from July 1, 2024, when loans for the construction of private housing under this program can only be obtained for individual construction projects financed through escrow accounts, also gave an additional impetus to qualitative changes in the market.
There is uncertainty about the direction of development of the market for the construction of individual houses in the new financial conditions, as the experience of introducing project financing and escrow accounts for the construction of apartment buildings turned out to be ambiguous.
These circumstances determine the relevance of this study. The article will consider the trends of market development in the new economic conditions. We believe that the introduction of escrow accounts and project financing in the field of individual housing construction will lead to the same changes as in the market for the construction of apartment buildings.
Keywords
Construction of individual housing, escrow account, project financing, family mortgage
