Loans for Young People: Initiative Helps Over 2,000 Buy First Homes

The Préstecs Emancipació program in Catalonia, Spain, has helped over 2,000 young people purchase their first homes. Data shows that only 16.8% of young people aged 16-34 in Catalonia live outside their family homes, highlighting the difficulty this age group faces in accessing housing. The initiative, run by the Institut Català de Finances, provides interest-free loans to cover 20% of property costs for those aged 18-40 living in Catalonia.

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