Spain Offers 0% Loans for Home Purchases as VPO

The Spanish government has accelerated the provision of housing grants for young people under 35, offering 0% interest loans to cover the down payment on a home. Approximately 1,813 applications have been approved and 701 loans have been issued since the program launched in June 2023. This initiative, funded with €50 million annually, requires financed properties to remain as ‘VPO’ (Protected Housing) to receive the loans, increasing the protected housing stock.

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