Get 10,801 euros to buy a home

Buying a home in Spain has become an impossible task for most families, especially for certain groups such as young people. The economic situation and instability in the labor market has meant that many do not have enough savings to make a down payment and obtain a mortgage. For this reason, the Spanish Government and the Autonomous Communities provide various economic aids to enable young people to buy or rent a home and free themselves from their parents.

In this initiative, the government of Castile-La Manchaia publishes a new appeal that provides up to 10,800 euros of assistance for young people who buy a property in a town in this autonomous community. On this''The initiative will be allocated around €3.6 million and is aimed at those under 35 years of age.

Who can receive €10,800 in housing assistance?

The government of Castile-La Mancha will launch a new initiative to help buy a home in a town in this autonomous community from Monday, October 30. To be eligible for assistance, two basic requirements must be met: be under 35 years of age and purchase a property in a community with a population of less than 10,000 inhabitants.

This money''are within the scope of the 2022-2025 State Housing Program.

Requirements for receiving assistance

In addition to the requirements mentioned above, there are other conditions that must be met in order to receive the €10,800 aid. These include:

• The maximum market value of the dwelling must not exceed 120,000 euros.
• The contract must be concluded after a certain date. No information has yet been published for this upcoming call, but based on the previous call, it is likely to apply to contracts entered into after January 1, 2023.
• Housing must be the permanent residence and domicile of the beneficiaries.

Housing assistance amount

Aid for''purchase of housing in the towns and municipalities of Castile-La Mancha is 20% of the value of the property, with a maximum limit of 10,800 euros. In the event that the property is purchased by more than one buyer, the amount of assistance is calculated by applying a proportional percentage to the amount provided by the applicant.

The 2023 application for assistance

As already mentioned, the new call for assistance for young people, allowing them to buy a home in Castile-La Manchaia, will be published on Monday, October 30. Consequently, we will have to wait for the government website to be updated and all the defined requirements for 2023, forms and mandatory models to be downloaded to complete the required data. Except''In addition, you will need to attach the necessary documents when you submit your application.