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50 to 60 percent less real estate loans

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Building has become noticeably more expensive, as has the financing.
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This was announced by the comparison portal Durchblicker based on the survey of banks. Co-founder of Durchblicker is Reinhold Baudisch from Gunskirchen.

In the past six months, banks have granted on average 50 to 60 percent fewer loans than usual. The reasons for this are the strict procurement guidelines that have been in force since August, rising interest rates and high inflation. “Instead of 2.5 billion euros around a year ago, only around one billion euros a month is currently being granted for real estate financing,” says Andreas Ederer from Durchblicker. A decline of 25 to 40 percent is again expected this year.

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As reported, the Oesterreichische Nationalbank (OeNB) announced a month ago that demand for private home loans was continuing to decline. After a sharp drop in the third quarter, demand fell again at the end of the year. The trend is likely to continue, weakened, in the first quarter.

Source: Nachrichten

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