Latest news and stories about first time buyer in Portugal for expats and residents.
The FMI has advised the Portuguese government to reverse current support measures for young people purchasing their first home. The fund argues that these initiatives, which include public guarantees and tax exemptions, have increased demand and exacerbated existing imbalances in the property market. Instead, the FMI suggests focusing on supply-side policies to improve housing affordability.
BPI has already used 324 million euros of the 500 million euro limit for the public guarantee for young people purchasing their first home.
Clarification on whether foreign nationals under 35 residing in Portugal qualify for tax exemptions on first-time home purchases and eligibility for the government's public guarantee scheme.
The public guarantee scheme for young people up to the age of 35 buying their first home has already used more than half of the funds made available by the State, through the financing of 40,100 new homes, totalling 8.3 billion euros. According to a statement released this Wednesday by the Banco de Portugal, 'in...'
The increase is mainly due to the public guarantee for home purchases for young people up to 35 years old.
More than 42% of loans for purchasing a home by young people aged up to 35 in 2025 were made under the public guarantee for first-time home financing, according to data released today by the Bank of Portugal (BdP).
