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According to information from the APA, a presentation of the plans will take place this Tuesday. Details were initially unclear.
- Also read: 100,000 euros home ownership bonus? Many dissenting voices after social partner initiative
Some ideas had been aired over the past few weeks. Recently there was even a joint initiative by the social partners with the aim of revitalizing the construction industry, which is suffering from the weak economy, high interest rates and rigid requirements for mortgage loans.
One of the measures considered was making loan interest tax deductible when buying a first home. Finance Minister Magnus Brunner (ÖVP) also called the abolition of additional fees and property transfer tax on the first home up to a certain amount important.
The social partner’s proposal to provide private individuals with a subsidy of a maximum of 100,000 euros or up to 20 percent of the construction costs for the first apartment or house was less well received by the government. Experts recently advocated for earmarked money to be distributed through housing subsidies.
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Source: Nachrichten
