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Low-interest loans instead of home ownership allowances: an overview of the new real estate subsidies
Home ownership allowance and building child benefit are history. The government is now providing support for low-interest loans. However, these hardly met with demand. But the conditions have been improved. WELT shows which subsidies you can secure for your property now. As www.welt.de reports, the government has changed the funding for building private homes. Instead of the current home ownership allowance and building child benefit, low-interest loans should serve as financial support. However, demand for these loans has so far been low. In order to increase the attractiveness of the loans, the conditions have now been improved. This means that potential property buyers can now receive better subsidies. This will result in more…
Low-interest loans instead of home ownership allowances: an overview of the new real estate subsidies
How www.welt.de reports, the government has changed the subsidies for home construction. Instead of the current home ownership allowance and building child benefit, low-interest loans should serve as financial support. However, demand for these loans has so far been low.
In order to increase the attractiveness of the loans, the conditions have now been improved. This means that potential property buyers can now receive better subsidies. The aim is to encourage more people to realize their dream of owning their own four walls.
The impact of these changes on the real estate market and the financial industry can be significant. The improved conditions could allow more people to consider buying a property. This could lead to an increase in demand for residential properties and thus result in price increases in the real estate market. At the same time, this could also result in increased interest in real estate financing from banks and other financial institutions.
However, in order to be able to analyze the exact impact on the market and the financial sector, other factors should be taken into account, such as the general interest rate level, the country's economic situation and other government support programs. It therefore remains to be seen what effect the changes in home ownership support will have in the long term.
Source: According to a report by www.welt.de
Read the source article at www.welt.de