Politics · Spain · 13 hrs ago
Spain’s PP proposes wider home-buying guarantees and lower first-home tax
Spain’s People’s Party proposes expanding public guarantees for home buyers in its programme for the general election on 29 November.
The current government guarantee is available to buyers up to age 35 and can cover up to 20% of a mortgage, helping some buyers borrow enough to cover a home’s full price.
The PP would extend eligibility to under-40s, with a possible limit of 50, though the programme does not say how that extension would be decided.
It also proposes cutting VAT on first homes for under-40s from 10% to 4% and letting buyers pay the tax in instalments alongside their mortgage.
The party says the measures would make it easier to buy without relying on family savings, as Spain’s age of leaving home is above 30.
The PP also pledges to build one million homes and says it would repeal the government’s housing measures on rent limits and suspending evictions if it takes power.
Spain’s People’s Party proposes expanding public guarantees for homebuyers and cutting tax on first homes.
The party would extend eligibility for public mortgage guarantees from under 35 to under 40, with a possible further extension to under 50.
It also proposes reducing VAT on first-home purchases from 10% to 4% for buyers under 40 and allowing the tax to be paid in instalments alongside mortgage payments.
The proposals are part of the PP’s election programme for Spain’s 29 November general election.
The party also proposes lower transfer tax for young people buying a first-hand home and opposes rent-price limits and suspending evictions.
- Who
- Spain’s People’s Party (PP), led by Alberto Núñez Feijóo.
- What
- The PP proposes wider public mortgage guarantees and tax cuts for first-home buyers.
- When
- The proposals are in the PP’s programme for the general election on 29 November.
- Where
- Spain.
- Why
- The PP says the measures would help people buy homes and make it easier to gather the money needed for a deposit.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Public guarantee age limit
- Extend from under 35 to under 40, with a possible extension to under 50
- First-home VAT
- Proposed cut from 10% to 4% for buyers under 40
- VAT payments
- Buyers could pay in instalments alongside their mortgage
- Election date
- 29 November
- New homes pledge
- Feijóo has proposed building one million homes
What people are saying
para que tener unos padres con ahorros deje de ser condición para comprar una vivienda
El aval público facilitará que la hipoteca cubra también la entrada que hoy muchos jóvenes no pueden reunir
No cambio de opinión; he votado en contra. Los decretos perjudican a los inquilinos y a los propietarios.