New funding program: Families benefit when buying real estate

funding program Jung buys old: a step to relieve the rental market?

Berlin (ots)

Today's decision of the Bundestag to release funds for the new funding program "Young buys old" could have far -reaching consequences for the real estate market in Germany. In particular, this affects families with small and medium -sized income that should receive support in the purchase of existing real estate.

challenges on the rental market

In many major cities, rental prices have risen sharply in recent years, while at the same time the range of cheap apartments is becoming increasingly rare. Felix Pakleppa, the general manager of the Central Association of German Construction Industry, describes the current situation as worrying. Many single and two-family houses are sold, but the high financing costs are an insurmountable hurdle for families weaker.

The influence on families and the housing market

The present funding program could offer an encouraging solution. It should enable families to enter the real estate market and thus take pressure from the rental prices. Pakleppa expresses hope that this support can contribute significantly to relieve the existing rental market.

Important aspects of funding

Before the program comes into force, the Federal Ministry of Building will announce the exact funding conditions. A crucial point will be that the energetic requirements are not set too high. Many older properties have inadequate energy standards. If the requirements for energetic efficiency are defined in excessive standards, this could prevent the families from making use of the program.

The need for comprehensive solutions

Although the program is promising, not all problems of the housing crisis can be solved with it. The construction of apartments in urban areas must also be tackled, which requires clear state investments and funding for the new building. This is the only way to achieve a sustainable improvement on the housing market.

FAZIT

The funding program "Jung Bauens Alt" is a first step to give families access to living space and relieve the rental market. The coming weeks will show how effective the implementation and the actual acceptance of the program will be, and whether it is possible to address the challenges on the housing market.