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Change in credit market: new opportunities for construction finance from 2025!
The KIM-VO for real estate financing ends in 2025. Learn what effects this has on loans and the real estate market.
Change in credit market: new opportunities for construction finance from 2025!
From mid-2025, the KIM Ordinance, which has caused strict requirements for residential loans since August 2022, will no longer be applied. According to a report by kosmo.at , the financial market stability committee (FMSG) has decided to expire this regulation, since the systemic risks in the banking sector are no longer being given. Previously, the KIM regulation ensured that the maximum loan terms limited to 35 years, a minimum share of 20 percent equity and the monthly repayment rates were limited to 40 percent of net income, which contributed to the stabilization of the market.
With the elimination of the KIM regulation, access to living loans for private households could improve significantly. Experts expect this to promote additional investments in the construction and real estate industry, such as "https://klardenker.kpmg.de/financialservices-hub/das----- Regulatory-megatrends-in-2024-fuer-banken/"> kpmg.de . Nevertheless, the FMSG remains vigilant and will continue to observe the development of the capital buffer in commercial properties and potential risks in the residential property area. An anti -cyclical capital buffer could be adapted, depending on the overall economic situation, which could have significant effects on lending.
New regulatory requirements in the financial sector
In 2024, there are also extensive changes in the regulatory framework for banks. From 2025, the Dora Ordinance, which requires a robust risk management strategy for information and communication technologies, will come into force. At the same time, new regulations for monitoring sustainability risks are implemented, such as the corporate sustainability reporting directive (CSRD). This obliges larger credit institutions to submit comprehensive reports of their sustainable practices by the end of 2024. The EU is also intended to establish a new authority to combat money laundering and terrorism financing by 2026, which brings fundamental changes in the existing regulations.