More than two-thirds of the public guarantee for home purchases used by September

As banks in Portugal utilized 66.5% of the public guarantee for home purchases by young people under 35 by September, according to the Bank of Portugal. Since the program's inception, 48,859 contracts worth €10.25 billion have been signed, with the guarantee covering 15% of transaction values. This program accounted for 26% of total contracts and 29.8% of the total amount contracted. In total, 188,017 housing credit contracts were signed nationwide, with 104,919 by young people, of which 46.6% were under the guarantee. In September alone, 2,832 contracts were made, representing 31.5% of the number and 35.8% of the amount for housing credit. The guarantee is more prevalent in regions like Alentejo and Beira Baixa, while in Greater Lisbon, it is around 40%. The public guarantee applies to contracts signed until the end of 2026, allowing young buyers to secure 100% of the home's value.