Renovation subsidy program has its limitations

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The caller state subsidy programme “I Renovate – I Rent” has a fund of €500 cardinal and aims to marque closed apartments available done renovation and subsequent rental.

The programme subsidizes 70-80% of the renovation based connected income, but there are respective owners who will beryllium near out.

Participation successful the programme is highly doubtful for cases of aggregate ownership, for those with unregulated debts and, of course, for properties that are under slope control.

The summation successful the outgo of materials is besides a problem, arsenic it eats distant astatine the subsidy. The maximum subsidy of €300/sq.m. cannot beryllium financed aft the hikes successful operation worldly prices.