Spain’s age of emancipation is above 30, among the highest in the European Union. In its electoral programme, the Partido Popular proposes expanding support for people who cannot save a deposit to buy a home.
The guarantee scheme described by EL PAÍS covered up to 20% of a mortgage. That allowed a bank to finance as much as 100% of the lower of the purchase price or valuation, subject to the lender’s approval. It was available to buyers aged up to 35. The PP proposes raising the age limit to 40, with the option of extending it to 50. Spain’s public mortgage-guarantee policy for first-home buyers is associated with the state-backed ICO programme.
The programme says the guarantee would allow a mortgage to cover the deposit. The proposal remains party policy, not an implemented change to the existing scheme or an operative entitlement for buyers.
For buyers under 40, the PP also proposes lowering VAT on a first newly built home from 10% to 4%. It would allow the tax to be paid in instalments in line with the mortgage. VAT falls under Spain’s national and EU tax framework, while the autonomous communities administer Property Transfer Tax. The party presents this tax reduction as a central part of its housing offer.
For a first home that is already used, the PP says it would seek an agreement with the autonomous governments to reduce the Property Transfer Tax for young buyers and allow payment in instalments. The programme also proposes extending to four years the period for reinvesting proceeds from the sale of a main home while retaining the income-tax exemption. Its focus is housing rather than the contribution credits in a separate pension proposal.
The party’s wider plan pairs purchase support with a pledge by Alberto Núñez Feijóo to build one million homes. It also proposes making planning permission automatic if a municipality does not issue a decision within 90 days. Builders would remain responsible for complying with the local general plan.
