The expiry of the KIM scheme in mid-2025 (as reported by ‘Krone’) will make it easier to provide housing loans. Future house builders and the Tyrolean economy are happy with it, but the debt advice also warns that real estate could become more expensive again.
It is a cumbersome word creation: behind the regulation on the financing of real estate of credit institutions, or simply the KIM regulation, there are strict rules for granting home loans. In concrete terms: If you want a loan, you must have at least 20 percent equity, the repayment percentage may not exceed 40 percent of the household income and the loan may have a maximum term of 35 years. Rules that make the dream of owning their own home impossible for many Tyroleans, but also prevent people from ending up in unmanageable debt.
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.
