Latest news and stories about young people in Portugal for expats and residents.
The municipality of Covilhã has introduced a five-year IMI tax exemption for residents up to 35 years old purchasing their first primary and permanent home to encourage long-term residency.
The value of state guarantees to banks for granting housing loans to young people up to 35 years old started at 1.2 billion euros, but is now rising to 2.3 billion, almost double.
The trend is mainly due to the public guarantee for home purchases for young people up to 35 years old
Amid a housing crisis, many young people are racing against time to take advantage of measures available until the age of 35 – but not everyone succeeds. They have to postpone their dream of being able to say “my home.”
The increase was primarily driven by loans to young people (aged up to 35), accounting for 60% of the total amount of new contracts.
