Escrow account system as a mechanism for project financing of construction
This article discusses the aspects of shared - equity construction until 2018 and project financing. The structure of financing of the construction industry in the process of transition from equity contracts to project financing is shown. The objectives of the introduction of escrow accounts in the construction sector are indicated. The scheme of project financing of shared - equity construction is shown. The analysis of the positive and negative sides as a result of the introduction of the escrow account into the contract of participation in the shared construction is carried out. In practice, it was revealed that the purchase of real estate before the introduction of escrow accounts was more profitable than after both shareholders and developers.