Abrupt end of the renovation bonus: construction industry in the crisis!
Abrupt end of the renovation bonus: construction industry in the crisis!
The abrupt decisions of the black and green federal government make the Austrian construction industry and private households hard. Shortly before Christmas 2024, the renovation bonus was discontinued without warning, which brought numerous ongoing and planned projects to a standstill. "This decision has caught countless entrepreneurs and private builders ice cold. Without every transition period, planned renovations are suddenly no longer eligible - that is an economic policy madness!" Said Christoph Hofbauer, construction spokesman for the liberal economy in Lower Austria. This drastic measure led to massive order failures, since many companies could no longer apply for funding applications in good time. The pressure increases for a quick transitional solution in order to enable affected builders to submit a submission to the previous funding rates by the end of February 2025 so that the projects can be implemented by the end of 2025, as Hofbauer emphasizes.
political developments in the business parliament
In parallel to these events, the Chamber of Commerce of the Austria Chamber of Commerce discussed various applications for relieving the economy in its most recent meeting. The parliamentary groups, including the Austrian Economic Association (ÖWB) and the Green Economy (GW), unanimously agreed on urgency applications for reducing non -wage costs. This could reduce the burden on companies and strengthen competitiveness. The Freedom Economy also called for the abolition of the KIM regulation to save the construction industry. These applications reflect the pressure that the government is exposed to in view of the critical situation in the construction industry, as the agreement and acceptance of several proposals show. In addition, an application for the creation of a visa for qualified immigrants was accepted, which could improve the specialist situation in various sectors.The rapid developments in construction funding and the simultaneous political measures to support the economy illustrate the need for a clear, predictable economic policy. The Freedom Economy remains determined to represent the interests of the construction industry and is actively committed to constructive solutions. The sudden stop of the renovation bonus shows how quickly framework conditions can change and that affected actors urgently need support in order to be able to realize their projects, as the experience from Carinthia already shows with PV funding.
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