The German government has recently introduced several subsidy programs aimed at supporting housing construction and offering owners financial incentives. These programs are particularly interesting for families and investors who want to invest in the construction or purchase of properties.
KfW program "Home ownership for families"
The KfW Bank's "Home ownership for families" program offers low-interest loans for families with at least one minor child. Funding is provided for the construction or purchase of a climate-friendly new build. The income limit is 90,000 euros taxable income for families with one child, with this limit increasing by 10,000 euros for each additional child. The maximum loan amount is up to 270,000 euros.
Young buys old" program
With the "Young buys old" program, KfW supports the purchase of existing properties in need of renovation by families. A new feature is that from 2025, the purchase by relatives will also be eligible for support. In addition, the energy requirements have been adjusted to make the purchase of listed buildings more attractive.
Funding for the conversion of commercial space into residential space
From 2025, the German government is planning a new program that will support the purchase, conversion and renovation of vacant offices and stores into residential space at lower interest rates. The aim is to create additional living space and reduce vacancies at the same time.
Conclusion
The new funding programs offer attractive financial support to owners and those who would like to become owners. It is worth examining the individual requirements and funding conditions carefully in order to identify the right programs for your own project.
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