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The Government will set a regional limit to the price of housing guaranteed by the ICO

Date: March 29, 2024 Time: 01:43:33

The Council of Ministers has given the green light this Tuesday to the creation of the line of ICO guarantees announced last weekend by the President of the Government, Pedro Sánchez, which will cover up to 20% of the mortgage credit of families with less than position and young people up to 35 years of age who need help to buy the home they intend to buy. The Minister of Transport, Mobility and the Urban Agenda, Raquel Sánchez, has announced that the Executive will set a maximum limit for the sale or appraisal price of the properties that can benefit from this initiative and has also specified that said limit will not be the same for all the autonomous communities, but will be defined based on the location and the situation of the real estate market in each specific territory.

The Executive will also finance the promotion of some 43,000 public affordable rental homes with 4,000 million euros from European Next Generation funds. The floors must be used for that purpose for at least 50 years. At the same time, the Council of Ministers has given the go-ahead to the plan to promote another 20,000 homes on Ministry of Defense land through the Public Land Business Entity, Sepes. Sánchez explained that the estimated value of this operation is 620 million euros and stressed that it is intended to “mobilize all available Defense land to form the public housing stock” in Spain. This last project contemplates, according to Sánchez, a total of 50 actions in fourteen autonomous communities and in the cities of Ceuta and Melilla.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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