Project financing of housing construction in the Russian Federation

Abstract

Since July the 1st, 2019 the Russian builders lost the opportunity to attract money of shareholders directly. Nowadays, the investments of citizens, made in the acquisition of housing, are stored at bank accounts (escrow account), at the same time, the construction is conducted at the expense of the bank credits, e.i. project financing. The article is devoted to the analysis of project financing as the instrument of attraction of financial resources: the attraction order, influence on the construction companies activity, dynamics of the market of project financing in the Russian Federation.