The Government opens the door for guarantees for young people with mortgages to establish flexible criteria depending on each territory and the amount of credit contracted. It is not the same to buy a home in Barcelona and Madrid, where they are more expensive, than to do it in a small town in Castilla-La Mancha. In this sense, the Executive is studying to establish a differentiation to set different maximum price limits when guaranteeing credit. The amount, in all cases, will remain the same: 20% of the purchase price or the appraised value.

The Ministry of Transport is studying, in this way, that the most expensive homes, those usually located in large towns or tourist centers, have a limit to obtain a broader guarantee than the rest of the properties. The flexibility, according to sources from the Department of Transportation, would be fixed in the wording of the agreement that the Executive has to sign with the Official Credit Institute (ICO) in the future.

The Council of Ministers has everything ready to approve this new line of guarantees at its meeting on Tuesday to guarantee 20% of the mortgage of a first home for young people under 35 years of age with an annual income of less than 37,800 euros and for families with children. in charge. In other words, the conditions for granting the guarantee will be common to all of Spain, but different limits could be set in said agreement for the acquisition or appraisal of the home, taking into account the price of the home. The wording of the rule to be approved will leave this possibility open.

At this time the autonomous communities establish different maximum limits to the appraisal value or purchase price to grant the guarantee. In the case of the Community of Madrid, where the measure is in force, that maximum price is 390,000 euros. In the Region of Murcia, for its part, the purchase price of the property, without the expenses and taxes inherent to the acquisition, must be equal to or less than 175,000 euros to receive the guarantee.

The Government has estimated today at 50,000 the approximate number of potential beneficiaries of the measure. It has done so after a meeting with a group of home builders, developers, managers, Sareb, city councils and other economic agents, which has asked them to actively support the construction of social housing. To promote this public-private collaboration, the President of the Executive, Pedro Sánchez, has presented to a select group of real estate actors the set of measures that he has announced in recent weeks to try to solve the housing problem that exists in the country.

Sánchez has had an active participation in this meeting on housing held this Monday at the Palacio de la Moncloa. The President of the Government has listed the set of measures activated or enunciated: the housing law, the line of the Official Credit Institute (ICO) to build up to 43,000 homes for affordable rental, the mobilization of up to 50,000 Sareb properties, the 20,000 units that are intended to be promoted on land owned by the Ministry of Defense and, finally, the ICO line of guarantees for young people. 183,000 properties in total in the coming years.

As explained by the Minister of Transport, Mobility and the Urban Agenda, the proposals put on the table by the Government have been “well received” by the business sector. The Government responsible for housing has insisted that the meeting has valued the positive impact that, in the Executive’s opinion, the set of measures will generate.

Present at the meeting with Sánchez, on behalf of the Government, were the First Vice President, Nadia Calviño, the Minister of Transport, Raquel Sánchez, and the Minister of Defence, Margarita Robles, and the director of the Department of Economic Affairs of the Presidency, Manuel de the Rocha. On behalf of the economic agents, representatives of the following entities have participated: Federation of Municipalities and Provinces (FEMP), Sareb, Institute of Housing, Infrastructure and Defense Equipment (Invied), National Construction Confederation (CNC), Association of Promoters and Builders of Spain (APCE), Spanish Association of Public Housing and Land Managers (AVS), Association of Housing Managers (AGV), Hogar Sí, Third Sector Platform, CCOO, UGT, Superior Council of Colleges of Architects of Spain (Cscae) and the General Council of Official Colleges of Quantity Surveyors and Technical Architects of Spain, also known as the General Council of Technical Architecture of Spain (Cgate).

The meeting was not attended by one of the main real estate organizations, the Asval association, chaired by the former mayor of Barcelona, ​​Joan Clos, who has been critical of the Government’s initiatives on the matter.

The Executive, with the package of approved measures, defends that its objective is to promote a “change of model” to prop up the “fifth pillar of the welfare state”, as explained by Raquel Sánchez herself.

The socialist area of ​​the coalition has not wanted to respond to the criticisms made by Unidas Podemos against the latest announcement by Pedro Sánchez regarding ICO guarantees for the purchase of housing by young people. Purple sources described this morning as “infamy” the measure already applied by the PP in some autonomous communities and which, according to their regret, is supported by the president of Banco Santander, Ana Botín. Raquel Sánchez has referred to tomorrow’s Council of Ministers to find out all the details of the initiative and the upcoming signing of the agreement with the credit institute. “This Government wants to articulate one more instrument so that citizens can access the purchase of a home,” said the minister. “We cannot demonize shopping in this country,” she concluded.