Financial assistance of €10,800 provided for young homebuyers
New Home-Buying Aid Scheme for Young Residents in Smaller Towns of Alicante
The Generalitat Valenciana has launched a financial aid scheme aimed at revitalising smaller towns across the region, particularly those at risk of demographic decline due to limited job opportunities and higher housing demand in urban centres.
The scheme, co-financed by both the national and regional governments, offers up to €10,800 per applicant, covering 20% of the property's purchase price. This aid could provide a significant boost for young people buying their first home, particularly in towns with lower property prices.
The application process for the scheme will be managed by the Conselleria de Vivienda of the Generalitat Valenciana. Interested applicants, who must be under 35 years old at the time of application, are urged to prepare necessary documentation early due to limited grants available. Applicants must hold Spanish or EU citizenship (or legal residence in Spain).
The property must be located in an eligible municipality and comply with the established price limits, not exceeding €120,000. The exact list of municipalities has not been detailed publicly in full, but the scheme is expected to benefit residents in dozens of rural and semi-rural locations across the Comunitat Valenciana, including many in the province of Alicante.
The home purchased with the aid must be used as the applicant's primary residence. The scheme aligns with the objectives of the Plan Estatal de Vivienda 2026-2030 and is part of a broader commitment to making housing more accessible for young residents. The aid is designed to counter depopulation in rural areas.
The allocation of funds and compliance with the scheme's requirements will be overseen by the Conselleria de Vivienda. The scheme targets municipalities at risk of demographic decline and aims to provide a significant boost for young people buying their first home, thereby revitalising smaller towns across the region.
Hundreds of towns across the Comunitat Valenciana meet the eligibility criteria for the financial aid scheme. However, the search results do not provide specific names of the dozens of rural and semi-urban places in the Alicante province that qualify for and benefit from the financial support program.
In conclusion, the new home-buying aid scheme offers a promising solution for young residents looking to purchase their first home in smaller towns across Alicante, while also contributing to the revitalisation of these towns and countering depopulation in rural areas.
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