Sánchez announces that the Government will guarantee 20% of the first home mortgage for young people

"We are going to put all the springs, all the resources and all the instruments at the service of the national cause of decent and affordable housing!", he assured.

Oliver Thansan
Oliver Thansan
07 May 2023 Sunday 05:24
20 Reads
Sánchez announces that the Government will guarantee 20% of the first home mortgage for young people

"We are going to put all the springs, all the resources and all the instruments at the service of the national cause of decent and affordable housing!", he assured. Day by day, in this intense electoral run-up to 28-M, Pedro Sánchez continues to chain ads with a strong impact, especially for young people. This Sunday, during the rally that the President of the Government has staged in Tenerife, he has announced that the Council of Ministers next Tuesday will approve the granting of guarantees to cover up to 20% of the mortgage for young people and families with dependent minors to buy a first home.

Sánchez has thus announced that next Tuesday the Council of Ministers will approve a line of ICO guarantees to cover up to 20% of the mortgage for young people up to 35 years of age and with incomes of up to 37,800 euros per year. This limit will double if there are two purchasers of the same home.

In the case of families with dependent minors, there will be no age limit. It will contemplate an individual income limit of up to 37,800 euros per year, which will double if there are two buyers of the same home, and will have improvement factors depending on the number of children. This income limit will be increased in the case of single-parent families.

As the Chief Executive has highlighted, this initiative "will help to avoid that insurmountable wall called 'entrance' for so many young people and families with minors, who will finally be able to purchase decent housing."

“We are going to put housing at the center of our priorities, and if during the health emergency we endorse the self-employed and companies, now in the face of the housing emergency we are going to endorse our young people in buying a home”, Sánchez assured. And he has stressed that he will place access to housing, therefore, at the center of his government action, as one of his great social democratic policies against the "neoliberalism" in which he has insisted on placing the Popular Party. “With the social democratic formula, with socialism, we are showing how all the old neoliberal dogmas are falling, one by one, like dominoes,” he highlighted.

In the PSOE they emphasize that this announcement, like the one that Sánchez made yesterday to encourage young people to travel this summer through Europe and Spain with discounts and bonuses on trains and buses, and the rest of the measures that he is chaining in each rally, like all Those that are being carried out, “make it clear that we are leading the campaign, thinking of the people, with announcements and initiatives on social and rights issues, in defense of dignity, against a PP without a campaign, with no other message than insult and with no other initiative than disqualification”.

The Socialists thus see "a PP baffled by the lack of reach of its leader." "A PP that, like Alberto Núñez Feijóo, does not utter anything other than adjectives and disqualifications, in the face of the policy of nouns, concrete facts, and improvements that the Government is implementing."

For most of this weekend, Pedro Sánchez has focused his electoral campaign on the Canary Islands, where the socialist president, Ángel Víctor Torres, is running for re-election. The President of the Government has staged a rally in Santa Cruz de Tenerife this Sunday, together with the PSOE candidate to revalidate this mayoralty, Patricia Hernández, and the candidate to continue at the head of the Cabildo de Tenerife, Pedro Martín. On Saturday afternoon, after the ceremony held in Murcia in the morning, the caravan of the PSOE leader made a stopover in Las Palmas de Gran Canaria, together with the candidate for mayor, former minister Carolina Darias, and the presidential candidate of the Cabildo de Gran Canaria, Augusto Hidalgo. In these two rallies in the Canary Islands, Sánchez has fulfilled the expectations of President Torres to revalidate the position on March 28. Today, in Tenerife, the Minister of Industry, Héctor Gómez from the Canary Islands, and the former minister and current MEP Juan Fernando López Aguilar also attended Sánchez's event.