Germany's KfW development bank has again lowered interest rates for building EH55 efficiency houses, shortly before the funding program's end. Some 550 million euros remain in the budget due to low uptake. This contrasts with generally rising credit rates.
In Berlin, developers building apartments must contend with fluctuating and currently rising credit interest rates. KfW stated that it raised rates in several other funding programs this week.
An exception is the program for EH55 efficiency standard houses. The bank has reduced those interest rates again, just before the deadline.
The subsidies have seen low uptake so far, leaving 550 million euros in the budget. The rate cut aims to boost construction of energy-efficient homes.
