Housing
CGD has already lent 3.1 billion euros to young people with state guarantees
The state-owned bank Caixa Geral de Depósitos (CGD) has granted 3.1 billion euros in mortgage loans to young people under 35 since January 2025, using the state guarantee scheme. The scheme covers up to 15% of the property value for first-time buyers for homes costing up to 450,000 euros, and is currently slated to continue through 2027 under the proposed state budget.
Why it matters
If you are under 35 and looking to buy your first home, you can access mortgages with state-backed guarantees for properties up to 450,000 euros through participating banks like CGD, a scheme expected to remain in effect throughout 2027.Correio da ManhãRead original ↗
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