Relief for residential finance: a ray of hope for Austria!
Relief for residential finance: a ray of hope for Austria!
The Austrian credit industry is relieved by the latest developments in the field of residential property financing. Michael Höllerer, chairman of the federal division Bank and insurance in the Austria Chamber of Commerce (WKÖ), emphasizes that the financial market stability body in the residential property area no longer sees systemic risk. This means that the legal requirements for an extension of the KIM regulation, which had previously imposed strict requirements for credit institutions, no longer met from 2025. This change is rated as a positive impulse for the acquisition of residential property and the revival of residential construction in Austria. According to Höllerer, the Austrians almost fully fully meet their obligations from living space financing in the currently difficult economic situation. The expiry of the KIM regulation thus takes a significant step to overcome the current valley sole in residential construction.
risk assessment in the German financial system
The German Bundesbank publishes its financial stability report at the same time, which offers a comprehensive analysis of the stability of the German financial system. The report not only presents the risks from the international environment, but also illuminates the risk location in the German banking sector and in other areas such as the insurance and investment fund sector. The detailed analyzes provide information about the most important factors that influence the stability of the financial system in Germany. Particular attention pays the reports on special issues of financial stability, which are dealt with in special chapters, which promotes transparent communication via potential risks, as is the case in the reports since their first publication in November 2005, as reported.Overall, both the Austrian and German financial institutions face significant changes that could have far -reaching effects on the real estate sector and financial stability. The positive assessment of the credit industry in Austria could be interpreted as a pioneer for similar developments in other countries.
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