Interest rate for housing loans


Housing loans are loans granted for home purchase or improvement. Such loans include loans to finance housing for own use or renting, including residential construction and renovation. Housing loans – mostly in the long-term segment – account for the bulk of the lending volume in Austria. For this reason, the development of the volume and conditions of housing loans not only has a significant influence on households’ financial situation, but is also highly relevant for the economy. The role foreign currency loans play in the housing loan segment has been diminishing markedly as households have become increasingly sensitive to the risks involved in this type of loan, also thanks to sustained awareness-raising efforts of the OeNB and the FMA.