The Bauspar system is a sound and simple alternative designed for customers who need to finance the acquisition, construction or renovation of a home. It plays a pivotal role for housing supply and affordability as well as for the accumulation of property and for personal financial security upon retirement. The system’s fundamental idea of a mutually supportive community of savers may be illustrated best by the following example:
Let’s assume there are ten potential home builders who lack the necessary financial resources for the construction of their dream home. Let’s further suppose that every year each of them would be able to put aside one tenth of the amount necessary to purchase the desired home. Hence, each of them could acquire the home after ten years. However, if these ten potential home builders pool their resources, the first home can be build in the first year by drawing on the savings of the ten participants. In the second year, the second home could be build by using the payments of nine savers and the repayment of the first participant and so on.
EFBS press release: EFBS reaffirms criticism of Capital Markets Union
OEE Newsletter of March 2015: "Savings in times of lowest interest rates – savings culture at stake? Some thoughts on the present and future of savings"
EFBS press release: Plans for new Green Paper jeopardize sustainable investments
EFBS press release: Zehnder re-elected as Managing Director
EFBS press release: IUHF 100th anniversary
EFBS press release: Consideration of low risk models under the Deposit Guarantee Schemes’ Directive
EFBS press release: Board of the EFBS re-elected
IUHF press release: Zehnder leads the world federation IUHF
EFBS press release: 50th anniversary of the EFBS
EFBS press release: EFBS welcomes the measures of safeguard proposed in the report of the Liikanen-Group
EFBS press release: European Bausparkassen welcome the result of the vote on the Mortgage Credit Directive
EFBS press release: Mortgage Credit Rules are Counterproductive
EFBS press release: European Commission‘s plans will adversely affect mortgage finance mechanisms