For 2024, the Portuguese government has implemented several measures to make buying a home easier, especially focused on young people. Here are some of the main initiatives:

           1. Tax Exemption: Young people up to the age of 35 will be able to buy their first home without paying Municipal Property Transfer Tax (IMT) and Stamp Duty. This measure aims to reduce the initial costs of buying a property.

         2. 100% financing: The government has also approved a program that guarantees 100% bank financing for the purchase of a first home. This means that young people will be able to obtain full loans, with the state guaranteeing the viability of the financing. If the borrower is unable to pay, the state will cover the debt owed to the bank.

         3. IRS Joven: A significant reduction in IRS rates has been introduced for young people up to the age of 35, except for those in the highest income bracket. This measure aims to ease the tax burden on young people, making it more affordable to buy property.

       4. Extraordinary Support for the Payment of Rent: There is reinforced support for families to pay their rent, with a reduction of 40 euros in the IRS withholding tax for workers living in rented homes, applicable from next year.

        These measures aim to combat the youth emigration crisis and make the real estate market more accessible to young people, promoting financial stability and encouraging them to stay in Portugal.