Housing
Portuguese bank lends 3.1 billion to young homebuyers with State guarantee
Caixa Geral de Depósitos has provided 3.1 billion euros in mortgages to young homebuyers under 35 through the Government's State-backed guarantee scheme since its launch in January 2025, with 1.7 billion euros lent in the first nine months of 2026. The programme allows the State to guarantee up to 15% of a property's transaction value up to 450,000 euros, enabling participating banks to finance up to 100% for eligible first-time buyers aged 18 to 35. In October, the Government authorised an additional 95 million euros in public guaranteed capacity for the bank to continue issuing the loans.
Why it matters
If you are under 35 and looking to buy your first home in Portugal, you may be eligible for a mortgage with up to 100% financing backed by the State, provided your income does not exceed the eighth tax bracket and you meet the programme's other criteria.The Portugal NewsRead original ↗
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