KIM Ordinance ends: Bauwirtschaft breaks up, new opportunities for home!

KIM Ordinance ends: Bauwirtschaft breaks up, new opportunities for home!

The end of the controversial KIM regulation for residential loans that comes into force in mid-2025 made relief both in the construction and banking industry. This regulation, which stated strict guidelines for the allocation of residential loans, was considered a brake block for the real estate market. Robert Jägersberger, chairman of the Austrian construction industry (ÖBV), described the regulation as a "fire accelerator" because it led to a drastic decline in the externally financed residential construction. Laut ihm hätte sich der Trend ohne die KIM-Verordnung ebenfalls fortgesetzt. Die österreichische Bauwirtschaft sieht sich daher im Recht, dass die Auflagen nun enden müssen.

reactions of industry and authorities

The financial market stability committee (FMSG) reports that there are currently no systemic risks in the banking sector when it comes to positive development in the area of ​​creditus cases. This relief is celebrated euphorically in the banking and real estate industry. Gerald Gollenz, chairman of the real estate association, explained that the formerly strict guidelines had significantly hindered the acquisition of ownership and whose expiry is a "pleasant" development for everyone involved.

Finance Minister Gunter Mayr emphasized that the suspension of the KIM regulation will bring more flexibility in the allocation of living loans and that the acquisition of homes will make it easier. Der Generalsekretär der Wirtschaftskammer, Karlheinz Kopf, beschrieb die KIM-Verordnung als Hürde, die den Wohnungsneubau stark belastete. There was also cheering in politics, as was heard from Lower Austria's Governor Johanna Mikl-Leitner (ÖVP): "Good news for all houses."

legal framework remains relevant

Despite the upcoming expiry of the KIM regulation, the financial institutions continue to expect to comply with the defined lending standards. The Austrian National Bank (OENB) and the financial market supervision (FMA) plan to ensure that guidelines and capital -based measures not only remain formal, but are also implemented. In addition, the anti -cyclical capital buffer, which ensures stability in good economic hours, continues to be critically monitored. With these measures you want to stabilize the housing market and minimize systemic risks.

For more information, the complete reports can be found on OTS and Sn .