Page 96 - RusRPTDec19

9.1.4 ​Construction & Real estate sector news
The Ministry of Construction estimates the area under projects implemented with escrow accounts at 18.4mn sqm, or 15% of the total development pipeline ​of 118.2mn sqm. As of October, the total portfolio of project financing for escrow schemes stood at RUB596bn. The largest developers are in the lead due to their better excess to capital and greater flexibility of sales, as well as the more transparent sales and cash flows. We
96​ RUSSIA Country Report​ December 2019 ​ ​www.intellinews.com