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The OÖ Nachrichten had already reported on February 4th what changes are emerging. Today, Monday, the Financial Market Stability Committee (FMSG) met in Vienna, to which the Ministry of Finance, the National Bank, the Financial Market Authority and the Fiscal Council belong. It decided that there should be certain easing from April 1st. Previously, there had been a lot of criticism and discussion about the stricter rules for granting housing loans that have been in force since August 2022.
Existing homes and subsidies from the public sector can again largely be counted as equity in the future. This helps families, for example, who still live in a smaller apartment and need interim financing to buy a larger apartment in the future or to build a house. At the moment, they are not allowed to have the estimated sale proceeds from the apartment, which they only get when they move out, offset – from April 1st, 80 percent. As a result, they will need fewer new own funds.
The grants are mainly about direct payments from the federal states that you get when a house is completed. This money will be counted as own funds again in the future.
However, the basic parameters are not shaken: housing loans may not run for longer than 35 years, the equity ratio must be at least 20 percent, and the repayment rate may not exceed 40 percent of the disposable net income.
After the meeting, the FMSG emphasized that the latest developments in the real estate financing market had confirmed the need for the regulation that has been in force since August.
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