The amount of insurance of funds on escrow accounts may be raised to 30 million rubles

The amount of compensation for escrow accounts is planned to triple to 30 million rubles, the press service of the Deposit Insurance Agency (DIA) told Izvestia. They noted that the current limit of 10 million often no longer covers the cost of housing due to rising real estate prices. The initiative is designed to reduce risks for buyers of apartments and participants in shared construction.

The bill to increase the amount of insurance of funds in escrow accounts for the purchase of housing may be introduced in the State Duma in the near future - in the fall session, said "Izvestia" head of the State Duma Committee on Finance Anatoly Aksakov. According to him, there are several versions of the document, but there is not much left to work on this initiative.

Prices for new buildings for the year jumped by a third and reached an average of 171 thousand rubles per square meter in the Russian Federation, according to the data of the Central Bank for the II quarter of 2024. At the same time, in the Central Federal District the price is 37% higher than the national average, and in Moscow - more than twice as much.

"Today, in many cities with millions of inhabitants, the cost of apartments often exceeds 10 million rubles," explained Marina Zabotina, a representative of PSB.

Escrow account is necessary for safe settlements when buying housing. The client's money is frozen until the object is commissioned - only after it the developer receives them. Such a system was introduced in 2019 to solve the problem of cheated shareholders. Now insured escrow account for 10 million rubles in each bank, where a person has a mortgage.

Read more in the exclusive material "Izvestia":

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