Newly built residential buildings stand side by side in the center of Berlin. For many builders, KfW loans are an important part of the financing.
(Photo: dpa)
Frankfurt Almost no home builder can avoid the programs of the KfW development bank. Because the funds are among the few government subsidies for new buildings.
But home builders have to be prepared for a longer test of patience than expected: the new KfW programs would not be available until March next year at the earliest, said a spokeswoman for the Federal Ministry of Building. The start is expected to be “in the second quarter of 2023”, the ministry announced. Many details of the new rules are still unclear.
This is bad news for builders and property developers. The construction industry has long been demanding transparency about the future “subsidies”.
After all, without clear framework conditions, many clients do not know whether they can calculate with a subsidy or not.
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