From July 2025, the Basque Government will activate a new line of guarantees to facilitate access to housing for young people under the age of 40. With an allocation of 144 million euros and managed by the Basque Finance Institute, this programme will allow up to 100% of the purchase price or valuation – the lower of the two – to be covered without the need to make a down payment. A measure that seeks to reverse the low rate of youth emancipation and promote residential stability in the Euskadi.
Main requirements and conditions:
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Age: between 18 and 39 years old.
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Residence in the Euskadi for at least 2 of the last 5 years.
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Maximum income: €50,400/year for individuals and €86,400 for couples.
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A property for normal use with a price of less than €340,000.
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Guarantee managed by the IVF, valid for mortgages in collaborating entities.
Context: why this measure is important
According to data from Eurostat and the Emancipation Observatory of the Spanish Youth Council, only 15 % of young Spaniards live independently before the age of 30. Lack of savings for a down payment and job instability are two of the main causes. This initiative follows in the footsteps of the state ICO guarantees, but with a greater scope in terms of the percentage guaranteed and direct territorial management.
Implications for the Basque real estate sector
The activation of this programme may generate:
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Increased demand for homes in ranges up to €340,000.
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Incentive for the development of affordable housing aimed at young buyers.
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Need for adaptation by developers and financial institutions.
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Pressure on supply if not accompanied by construction or rehabilitation policies.
Recommendations for professionals in the sector
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Evaluate available product: analyse which homes up to €340,000 could be marketed as eligible for these guarantees.
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Collaborate with banks: advise buyers on the mortgage process with collateral and compatible conditions.
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Tax and documentary advice: facilitating processing through expert guidance.
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Strategic communication: highlighting properties benefiting from this aid.
Conclusion
The Basque Government’s guarantee programme is not only an opportunity for young people looking for their first home, but also for real estate agents who know how to adapt to this new demand. In a context of rising housing prices, these public tools can make a real difference.
Sources used:
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El Correo (18 de junio de 2025)
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Basque Finance Institute
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Consejo de la Juventud de España (Emancipation Observatory)
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Eurostat
