Bausparen boomes: Austrians rely on their own home and state support!

Bausparen boomes: Austrians rely on their own home and state support!

On March 13, 2025, the Bausparkassenverband Austria (BVO) proudly celebrates the 100th birthday of building society savings, one of the most popular forms of savings and financing in the country. Despite the challenging economic framework, a positive balance can be drawn: With the building savings deposits, there was an increase of 240 million euros compared to the previous year, which means a total volume of 14.58 billion euros. Dr. Susanne Riess-Hahn, the General Director of Wüstenrot, emphasizes the continuing popularity of building savings in Austria and refers to a current living study that shows that 79 % of the Austrians: Interior to home as a preferred form of living. It is a gratifying news that the financing services of the building societies, despite the slight decline in final figures at 20.47 billion euros, could also keep a high level, as from the reporting of OTS.at hervorgeht.

However, the building society industry faces challenges. The number of building society savers has fallen to the lowest level since 1997, such as Nachrichten.at reported. Only 34 % of the Austrians: Inside, a home savings contract has what the industry puts under pressure. The reason for this decline could be the limited interest difference between the building society contracts and the classic bank deposits. The average interest for short -term deposits in December 2023, while interest rates for building society contracts that required a long -term bond of more than six years were only 3.17 %. Professional votes require an adaptation of the state building society premium, which has been constant at 1.5 % since 2012 to increase the attractiveness of building savings.

In times of high inflation and increasing financing needs for homes, it is of crucial importance for the building societies to adapt. Central demands include an increase in the state building parrae up to 8 % and an increase in the maximum premium -privileged annual savings services. This is intended to support people, especially families, to realize their dream of home. The building parking association sees these measures a way to keep up with developments in the real estate market and to increase the property rate in Austria.