This master thesis explores the similarities and differences of housing loan incentive systems in Austria and the Republic of Croatia, with a particular focus on regulatory frameworks, interest rates, loan conditions, and the availability of housing loans in both countries. Through an analysis of the historical development of housing finance and its role in economic development, this thesis illustrates how housing loans affect the financial stability of citizens and society as a whole. Different incentive systems in Austria and Croatia are the result of specific historical, economic, and social factors, leading to distinct approaches of encouraging and regulating housing finance. The Austrian housing finance system is based on a wide range of financial instruments and support mechanisms, with "Wohnbauförderung" being the most significant. This housing subsidy program, which varies by federal state, offers favourable interest rates and grants to promote affordable housing. Additionally, Austria encourages housing savings through the "Bausparvertrag", a state-supported savings plan for housing needs, which facilitates long-term financial planning with attractive interest rates and state incentives. The Croatian system, on the other hand, focuses on a program of subsidized housing loans, which allows for lower interest rates on mortgages in the initial years of loan repayment. Socially stimulated housing (POS) program offers the construction of housing units that are sold at lower prices than market rates, while subsidized housing loans make real estate more accessible to low-income individuals and young families. The Croatian system also offers APN loans, which include subsidized financing options and extended repayment periods, minimizing the financial burden for homebuyers. A comparative analysis of these two systems reveals that, while they share similar goals, they are shaped by different socio-economic and political factors. Austria relies on an integrated approach to housing policy, where housing is part of broader social policy, whereas Croatia employs a more fragmented and centralized model, focused on specific demographic groups and immediate housing needs. Despite the differences, both systems contribute to the economic development and stability of their citizens, and their success depends on their ability to adapt to changes in economic and social conditions.