Three months after the introduction of the Baukindergelds have already applied for nearly 50,000 families in Germany, the money to assist in the purchase of residential property. The Figures for funding applications to the competent KfW Bankengruppe and the German Federal construction Ministry, available to the German press Agency in Berlin. Most of the applications came so far from North Rhine-Westphalia (10.728), followed by Baden-Württemberg (6.407) and lower Saxony (6.039). Currently, around 3,000 applications per week.

The baukinder money, similar to the allowance of the former home, since the 18th century. September be requested. Per year there is a funding volume of around three billion euros – it is one of the biggest new projects of the Grand coalition of the CDU and the SPD, in order to help in the face of rising real estate prices, families to fulfill the dream of home ownership. In spite of the great demand, we assume that the volume of funding going to the rich, it said.

The state pays 1,200 euros per child and per year

most of The families that have submitted an application, have one or two children. The fewest applications were submitted in the city-States of Bremen (419), Hamburg (480) and Berlin (725), followed by the Saarland (736). It continues at the pace it could be in the coming year. If the annual funds are exhausted, they are exhausted. The Federal government not to shoot. Who makes the request too late, may be blank.

For building a house or buying a property, the state pays a grant of 1,200 euros per child and per year over ten years, there are 12,000 euros. The baukinder money, families and individuals will be granted to 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. A request to all parents or alone, the signed since January of 2018, a contract of sale or a building permit have to get moving. Who moved this year to the end of September as a new home, must make his request until the end of December in order to get the grant.

for the Last time applied for funding may be, if the end of 2020, a building permit was issued or a purchase contract is signed.

The applications may be submitted to KfW no later than three months after moving into the property online via the KfW-grant portal. Due to the technical structure of the program and of the only possible to upload documents such as income tax is modest, registration certificate and extract from the land register to start the payment until March 2019 is correct. Federal building Minister Horst Seehofer (CSU) said, the project to sink the financing burden and allow many families the step into the residential property. “Also as a security in old age.” Ingrid Hengster, member of the management Board of the KfW Bank group said, the high demand show that the subsidy program to meet “the spirit of the time”.

The SPD looks the project is rather critical, since many high earners families who want to buy, at the expense of all taxpayers for a subsidy. The Union argued that if families using the Baukindergelds move from rental housing into owner-occupied homes, these dwellings for other free. Also will strengthen the pension plan. The Green prophesy, however, that this will fuel the real estate prices. The FDP calls for, instead of the subsidy to reduce the state purchase in addition to cost – free-amount of land transfer tax.