Portugal has a new plan to help young people access housing — but will it really help? - video Dailymotion

euronews (in English)

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.

Transcript

00:00In Portugal, young people up to 35 years old will be able to get a public guarantee to

00:06access 100% housing credit when buying their first home.

00:11This measure comes in addition to others designed by the government, such as the exemption of

00:15IMT and stamp duty.

00:17This guarantee can help to resolve some friction for some young people who are trying to access

00:24the housing market.

00:45As the Governor of the Bank of Portugal warned, caution is needed in the implementation of

00:49these measures to avoid additional pressure on the market.

01:14There are also measures on the supply side that could be considered.

02:14For now, the details of the regulation are unknown, but it must be published by September

02:27the 11th.

Portugal has a new plan to help young people access housing — but will it really help?

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