The Regional Government of Andalusia has announced new measures aimed at making homeownership more accessible, particularly for young people and first-time buyers.<\/p>\n
The main development is the strengthening of the Andalusia Home Guarantee Programme<\/strong>, which will receive an additional \u20ac25 million<\/strong>. With this increase, the programme\u2019s total budget will reach \u20ac80 million<\/strong>.<\/p>\n This programme enables eligible young people up to the age of 40 to obtain a mortgage of up to 100% of the property\u2019s purchase price. It does so through a public guarantee covering the portion of the mortgage above the usual 80% bank financing threshold.<\/p>\n To apply, applicants must meet several requirements, including:<\/p>\n Be aged 40 or under.<\/p>\n<\/li>\n Be registered as residents in Andalusia.<\/p>\n<\/li>\n Not own another residential property anywhere in Spain.<\/p>\n<\/li>\n Have their mortgage approved by a participating financial institution.<\/p>\n<\/li>\n Buy a primary residence priced at no more than \u20ac295,240<\/strong>. This limit increases to \u20ac354,288<\/strong> for properties with an A or B energy-efficiency rating.<\/p>\n<\/li>\n<\/ul>\n According to figures released by the regional government, more than 3,000 young people have benefited from the programme since it was introduced in 2024.<\/p>\n In addition, a gradual reduction in the Property Transfer Tax (ITP)<\/strong> has been announced. From 2027, the general rate will decrease from 7% to 6.75%<\/strong>, with the intention of reducing it by a further quarter of a percentage point each year until it reaches 6% by the end of the current legislative term<\/strong>.<\/p>\n The maximum property value qualifying for the reduced 6% rate<\/strong> and the super-reduced 3.5% rate<\/strong> will also rise from \u20ac150,000 to \u20ac200,000<\/strong>.<\/p>\n The super-reduced rate is available to groups facing greater barriers to homeownership, including buyers under 35, victims of gender-based violence, victims of terrorism, and buyers purchasing in municipalities at risk of depopulation. For people with disabilities and large families, the property-price limit will be \u20ac300,000<\/strong>.<\/p>\n In my view, these measures may help address two of the main obstacles facing first-time buyers: the lack of savings needed for a deposit and the tax costs involved in purchasing a property. However, before making a decision, it is important to confirm that all eligibility requirements are met, assess your actual borrowing capacity, and consider the full cost of buying\u2014not just the property price.<\/p>\n","protected":false},"excerpt":{"rendered":" La Junta de Andaluc\u00eda ampl\u00eda en 25 millones de euros los avales hipotecarios para j\u00f3venes de hasta 40 a\u00f1os y anuncia una reducci\u00f3n progresiva del ITP desde 2027. Adem\u00e1s, eleva a 200.000 euros el precio m\u00e1ximo de vivienda para beneficiarse de los tipos reducidos y superreducidos<\/p>\n","protected":false},"author":3,"featured_media":73813,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2511],"tags":[2461,3013,2488,2686,2720,2292,2394,2505,2469,2571,1454,1453,2905,2462,2291,2290,2289],"class_list":["post-73882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias-en","tag-comprar-vivienda-en","tag-costs-of-buying-properties-in-spain","tag-gastos-hipoteca-en","tag-gastos-vivienda-en","tag-impuestos-compra-venta-en","tag-inmobiliaria-frigiliana-en","tag-inmobiliaria-lucena-en","tag-inmobiliaria-torrox-en","tag-inmobiliaria-torrox-costa-en","tag-mercado-inmobiliario-en-la-costa-del-sol-en","tag-mortgage-chargeback","tag-mortgage-in-spain","tag-mortgage-in-spain-2-en","tag-nueva-ley-hipotecaria-en","tag-real-estate-frigiliana","tag-real-estate-nerja","tag-real-estate-torrox"],"yoast_head":"\n\n