Those who need tradesmen are often afraid of the costs. In Austria, a time-limited bonus is now intended to encourage investment in private housing. It is a tangible subsidy.
In Austria, tradesmen’s bills are at least partially reimbursed. The so-called tradesmen’s bonus is intended to promote renovations and refurbishments as well as extensions and conversions of living space in the private sector. The time-limited bonus can be applied for immediately, and the services must be provided by the end of 2025, says Federal Chancellor Karl Nehammer (ÖVP). 20 percent of the tradesmen’s net labor costs will be subsidized with a minimum of 50 and a maximum of 2,000 euros this year or 1,500 euros next year. One application can be submitted per calendar year and person.
Craftsmen’s bonus to boost economy
A total of 300 million euros have been earmarked for the craftsmen’s bonus, according to the Austrian Federal Economic Chamber (WKO). Demand is high. “An essential element in strengthening the economy is the craftsmen’s bonus, which secures orders for companies and promotes the improvement of living space,” explains Federal Chancellor Nehammer. The bonus is part of the government’s construction and housing package. Orders for the construction industry fell by 27 percent in 2023 compared to the previous year.
Source: Stern
