With the aim of supporting young people in acquiring their first permanent home, the Portuguese Government has introduced a set of advantageous measures that offer tax and financial benefits.

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These new policies aim to facilitate access to home ownership, providing tax exemptions and more favorable financing conditions.

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1.⁠ ⁠Exemption from IMT and Stamp Tax

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One of the main incentives of these new measures is the exemption from two significant taxes:

 

The Municipal Tax on Onerous Property Transfers (IMT) and Stamp Duty.

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This exemption applies to young people up to 35 years of age, with tax residence in Portugal, regardless of their nationality, as long as it is their first permanent home.

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The IMT exemption represents a substantial saving, considering that this tax can vary between 1% and 6% of the property's purchase value, depending on the amount and its location.

 

Stamp Duty, applied to the purchase value, is generally 0.8%, and its exemption provides another important financial advantage.

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2.⁠ ⁠Financing up to 100%

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Another measure with a major impact is the possibility of obtaining financing for up to 100% of the value of the home.

This is a significant innovation, as previously young people were often required to have significant savings to cover the initial down payment on a property purchase.

With this new modality, banks can finance the entire purchase value, which facilitates the process of acquiring your own home.

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3. Requirements to Benefit from the Measures

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To enjoy these benefits, young people must meet the following requirements:

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• Be up to 35 years old;

• The property purchased must be the first permanent home;

• Have tax domicile in Portugal, regardless of nationality.

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Conclusion

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These new housing support measures for young people in Portugal represent a significant step forward in promoting autonomy and improving conditions for access to the real estate market.

By providing tax exemptions and advantageous financing, the Government aims to reduce barriers to home ownership, thus promoting financial stability and well-being for young people.