New-build flat Munich Maxvorstadt
- Purchase price€580,000
- Equity€160,000 (28%)
- KfW 297€150,000 / 0.91% eff.
- Bank loan€270,000
- Total instalment~€2,010
- Energy classA+ (QNG)
- Saving vs. without KfW~€38,000 over 10 yrs
Model calculation without guarantee.
KfW · QNG new build
KfW 297/298 — climate-friendly new build (QNG)
Up to €150,000 low-interest loan for a QNG new build. Combinable with the §7b EStG special depreciation. Repayment subsidy up to 25%. Ideal for buy-to-let.
Programme profile 297/298
Terms and application
Important: application sequence. KfW funding lapses if applied for retroactively. I make sure the application sequence is correct — this is the most common and most expensive mistake when financing buy-to-let property.
KfW 297/298 for investors — what is decisive
Apply before the purchase contract — no exceptions. The KfW application must be filed before signing the purchase contract or before construction starts. With new-build investments this is the most common mistake: buyers sign the purchase contract before the application is through — and the funding is gone. I make sure the sequence is right.
KfW 297 vs. KfW 298
KfW 297 applies to owner-occupiers, KfW 298 to investors/landlords. Both programmes offer up to €150,000 per residential unit and a repayment subsidy of up to 25%. The interest rates are well below market terms — typically 0.5–1.5% below the best bank loan.
Combination with §7b special depreciation
A QNG new build combines KfW 298 with §7b EStG (5% special depreciation over 4 years) and declining-balance depreciation under §7 (5a). For investors at the top tax rate this results in up to 38.5% depreciation over 4 years — on top of the favourable KfW loan.
Model calculations
KfW 297 · owner-occupier · new build Munich
KfW 298 · buy-to-let · Hamburg
Example financings
New-build flat Hamburg Eimsbüttel
- Purchase price€390,000
- Equity€100,000 (26%)
- KfW 298€150,000 / 0.91% eff.
- Bank loan€140,000
- Total instalment~€1,340
- Rental income~€1,500/month
- Energy classA+ (QNG)
Model calculation without guarantee.
FAQ
Frequently asked questions
What is the difference between KfW 297 and 298?
KfW 297 is for owner-occupiers, KfW 298 for investors/landlords. Both fund a climate-friendly new build with QNG certification up to €150,000 per residential unit.
When does the KfW 297/298 application have to be filed?
Before signing the purchase contract or before construction starts — a retroactive application is excluded.
What does QNG mean?
The Quality Seal for Sustainable Buildings (QNG) is a prerequisite for KfW 297/298. It certifies high energy-efficiency and sustainability standards for the new build.
More KfW programmes
Other KfW funding programmes
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