A record number of DDU contracts with the usage of escrow are registered in Moscow
In September 2020, the Rosreestr of Moscow registered 5,224 equity agreements (DDU) in the construction of residential and non-residential real estate on the market using escrow accounts, which is twice as much as in the previous month, said Igor Maidanov, head of the Rosreestr Office for Moscow.
“In September, the volume of contracts registered by the capital’s Rosreestr in the primary real estate market with the involvement of escrow accounts became a record for all the time developers worked under the new project financing scheme in construction – 5.2 thousand. This indicator is more than one and a half times higher than March of this year – 3.2 thousand, when the largest number of such DDU was previously recorded”, – Igor Maidanov said.
According to the head, according to the results of nine months of this year, a 23,841 equity agreement using escrow accounts was registered in the capital, which is 34% of the total number of DDU issued during this period in the primary real estate market (70,646).