A new car, a building plot or even a new house – very few people in Austria can get by without debt. Krone+ looked at how much the average housebuilder’s loans are, how long it takes to pay them back and which customers benefit from debt advice.
Especially in recent years, since the tense economic situation caused by Corona and the war in Ukraine have had an impact on the wallets of many people, investments in large properties have decreased. The construction sector, for example, is struggling with a lack of orders. No wonder that material costs have risen enormously and at the same time the money in the savings account has become less valuable due to high inflation. Building a house is only for a few people. Even owning a house is out of reach for many people.
Without debt, very few Austrians can make major investments. This is exactly where lending institutions and home financing experts, such as Infina, step in. “With a new business volume of more than one billion euros in 2023, Infina is the market leader in the free and digital intermediation of private real estate financing in Austria,” says Christoph Kirchmair, CEO of Infina, who obviously knows his customers well based on numerous statistics.
In this way, he and his employees can get an accurate picture of the typical debtor in Austria and delve deeper into it. Krone+ also took a closer look at the Austrian borrower. This is what he looks like:
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
