Down payment

Monies which the purchaser provides on their part for financing their property. They stem from savings, inheritances, gifts etc. Down payments should amount to at least 20% of the purchase price.
Owner-occupied residential properties -but not, however, holiday or second homes - can, in addition, also be financed using the means from occupational retirement plans (2nd pillar/pension fund) and the associated pension scheme (Pillar 3a).