Русско-англо-русский юридический словарь

Last year, Vladimir Putin issued an executive order giving the country three years to abandon shared-equity construction (also known as buyer-funded development). (The Guardian)

What is buyer-funded development?

It is an increasingly popular model of financing property developments by using deposits from many individual buyers. Apartments are sold off-plan to buyers, often overseas, who pay substantial deposits of up to 80% upfront. Their money is used to fund the entire project, from marketing fees to construction costs. (The Guardian)

Buyer-funded development, also known as investor-led fractional sales, is a model of financing property development that typically involves using deposits from individual buyers to fund apartment buildings. Buyers of the apartments purchase off-plan, paying deposits of up to 80%. This model of financing has become more common since the 2008 financial crisis as it has been harder for developers to fund schemes through traditional borrowing from banks or institutional lenders. (Designing Buildings Wiki)