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The Austrian residential construction lacks financial resources. The residential civil servants are increasingly endowed, but above all they are not expedant. It is good that the European Investment Bank (EIB) chose 2025 for the “Year of the affordable residential construction”. The EU Bank (shareholders are the member states) wants to invest ten billion euros in the next two years, but new financing offers have been developed. “Austria is the Role model within the EU,” explains Martin Clemens Weber, Head of Product Management in large-volume residential construction at Erste Bank, in an interview with the standard.
