Lending: Good news for Häuslbauer from 2025!

Lending: Good news for Häuslbauer from 2025!

From mid-2025, house builders can breathe in Austria: the controversial KIM regulation that stated strict guidelines for the allocation of residential loans will expire. According to the financial market stability body (FMSG), there are currently no more systemic risks for the banking sector, which makes it easier to decide on the end of the regulations. The KIM Ordinance was introduced in 2022 to act as a protective measure for borrowers and banks during a time of exploding real estate prices and historically low interest, such as today.at The decline in credit cases shows that the regulation was effective, but it also significantly impaired the acquisition of property.

banks and real estate companies celebrate the upcoming expiry of the regulation. Gerald Gollenz, chairman of the real estate association, emphasizes that the strict guidelines have massively hindered real estate purchase. The elimination of these hurdles is described as "very gratifying". Minister Gunter Mayr also expects this to lead to more flexibility in lending, which should make it easier to create residential property. Lower Saxony's governor, Johanna Mikl-Leitner, sees this as a positive development for all house builders. However, critics such as the green MP Nina Tomaselli warn of the risks that the expiry of the regulation could bring with them, since real estate prices remain high and that widespread access to home financing is made more difficult, such as Salzburg24.at reported.

new momentum for housing construction

The construction industry hopes that the KIM regulation expires a new momentum. Michael Klien, a WiFo residential building expert, expressed himself optimistically: "When people get a loan again, more homes and condominiums are financed again." The relief in lending could not only revitalize the real estate industry, but also the construction industry. The initiatives to revive the market could support both the construction of new buildings and the general availability of living space in Austria