Buying Real Estate: Escrow Services for Foreign Buyers

Real estate transactions in Russia often use escrow accounts held by reputable banks. The foreign buyer transfers funds via SWIFT to the escrow account, where the bank holds the money until title transfer is completed. The bank then releases the rubles to the seller after verifying all documents. Fees are typically 1‑2 % of the purchase price. This method provides security for both parties and ensures compliance with anti‑money‑laundering regulations.