The baukinder money should stimulate new construction, but in the first months of the coveted performance attracts mainly families who buy an existing house or apartment.

For new construction projects is significantly less applications are received, such as from the response of the Federal government to a written request of the Left-the Deputy Caren Lay, which is present the German press Agency. Thus was made up at the end of November, only about every eighth application for a new construction project, 87.7% of the applications were for the acquisition of existing properties.

“The baukinder money is clearly failing to meet its purpose”, said Lay. Instead of the construction of new homes and boost, subsidizing the purchase of existing homes. Will promote especially, the middle class in the country. For relaxation to the urban housing market for low income earners it is not to worry about it.

The baukinder money to help families in times of rising construction and real – estate prices in the acquisition of the property. For the construction of a house or buying a property is a governmental grant of 1200 Euro per child and year beckons, paid over ten years, i.e. 12,000 euros per child.

The Run is large: Up to the end of the year, already 56 have been granted to 435 requests from families. Most of them came from the population rich countries of North Rhine-Westphalia (12.606), Baden-Württemberg (7562), lower Saxony (7099) and Bavaria (6941). From the city States of Berlin (861), Hamburg (589) and Bremen (492), however, only few applications were received. Here are but a relief in the housing market is urgently needed, said Lay.

Responsible for the high application numbers to the Start especially the fact that the grant could be applied for at the beginning of retroactively – namely, of all parents, or single parents, the since 1. January 2018 to get a building permit issued or a contract of sale signed. The baukinder money runs over three years.

the baukinder money is Granted to families and Single parents up to a limit of 90,000 euros of taxable household income in the year in a child. In the case of larger families, the limit per child is allowed to be 15,000 euros higher. You have to live with the children in the house or the apartment itself, and it can only be issued once. Controversial the baukinder money is mainly due to its high cost. Per year there is a funding volume of around three billion euros.