Reform of the Construction Industry. Transition to a New Mechanism of Housing Construction

07 Jun , 17:00–18:15
The Russian Economy: Achieving National Development Goals
Pavilion G, conference hall G7
In partnership with the Russia Housing and Urban Development Corporation

In 2019 the construction industry will speed up its transit to a new housing financing mechanism through bank lending and escrow accounts. This will inevitably transform the construction industry and new banking instruments will emerge. Ultimately, the market will become more transparent, developers will become more reliable, and the problem of defrauded homebuyers will be resolved. What are the challenges that the industry will face over the next three years? What could be done to overcome them? Will the new financing mechanism impact construction volumes and its quality? How will bank lending and escrow accounts change developers’ business model? What will competition be like for developers? Will lower risk in the industry drive demand for housing under construction?

Alexander Plutnik, Chief Executive Officer, DOM.RF

Alexander Ivlev, CIS Managing Partner, Deputy Regional Accounts Leader for Central, Eastern and Southeastern Europe & Central Asia, EY
Nikolay Nikolaev, Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation on Natural Resources, Property and Land Relations
Olga Polyakova, Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia)
Anatoly Popov, Deputy Chairman of the Executive Board, Head of the Corporate Business Block, Sberbank
Maxim Sokolov, Chief Executive Officer, Chairman of the Board, LSR Group
Artem Fedorko, Chairman, Bank DOM.RF
Vladimir Yakushev, Minister of Construction, Housing and Utilities of the Russian Federation