German child benefit home popular

Germany too needs hundreds of thousands of new homes quickly.

Every year, 3 billion is available, but is up. In the first month almost 25,000 applications have been submitted for this special allowance. This involves 516 million euros. The popularity is so great that the German development bank (KfW), which is responsible for implementation, expects problems in 2019. New homeowners who, for example, sign a construction or purchase contract in October next year, may be unlucky because the pot is already empty.