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Report
Portugal has a new plan to help young people access housing — but will it really help?
euronews (in English)
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25/07/2024
Low incomes and high house prices have long kept young people out of the housing market, but there is also a risk that a new measure to assist buyers will put more pressure on an already choked supply.
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News
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00:00
In Portugal, young people up to 35 years old will be able to get a public guarantee to
00:06
access 100% housing credit when buying their first home.
00:11
This measure comes in addition to others designed by the government, such as the exemption of
00:15
IMT and stamp duty.
00:17
This guarantee can help to resolve some friction for some young people who are trying to access
00:24
the housing market.
00:45
As the Governor of the Bank of Portugal warned, caution is needed in the implementation of
00:49
these measures to avoid additional pressure on the market.
01:14
There are also measures on the supply side that could be considered.
02:14
For now, the details of the regulation are unknown, but it must be published by September
02:27
the 11th.
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