The SPÖ criticizes the black-green housing package and calls for help for all those housebuilders who have already paid expensive loans. Currently, 500,000 home builders across Austria are affected by variable loans that are too expensive and have already been taken out. About a million people are affected. The “Krone” knows how the SPÖ wants to solve the problem.
As part of the black-green construction stimulus program, cheap government loans will be used – as in the past – to make it easier for people to refinance properties. They should have the opportunity to receive up to 200,000 euros in the form of government loans with low interest rates. As reported, the interest rate should be a maximum of 1.5 percent, which is a fraction of the interest rate that is payable on the market today. Comparable interest rates for real estate loans are currently between three and five percent.
Source: Krone
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