Helping Young People Buy Homes: Portugal's Tax Break Plan Works

Success of the Government's Initiative

Tax Breaks on Affordable Homes

• Over 70,000 young people benefited in just over a year
• Finance minister confirms more than half of the allocated funds have been used
• Additional funds added to sustain the program

Details of the Tax Break

Eligible Home Prices

• Homes under approximately 300,000 euros
• Also applicable to homes up to 600,000 euros
• Significant relief for young buyers facing high home prices

Portugal's Housing Crisis

Challenges in the Housing Market

• Severe shortage of homes for sale or rent
• Big cities like Lisbon are particularly affected
• Home prices and rents have surged over the past decade

Foreign Investment Impact

• Many foreigners buying homes with more financial resources
• Makes it harder for young Portuguese to enter the market
• Government aims to balance the market with this plan

Program's Success and Future Outlook

Early Success

• Program launched late last year
• Already making a significant impact
• Minister declares it a success

Positive Impact on Young Adults

• Enabling many young people to buy homes
• Good news for young adults in Portugal