Young homebuyers could get €15,000 towards a property in Valencia

For many young people, buying a home no longer feels like the natural next step of adulthood. Instead, getting onto the property ladder can mean years of saving, increasingly expensive mortgages and a deposit that seems forever out of reach.

Now the Valencia government is throwing younger buyers a lifeline, with grants of up to €15,000 available for those who buy a home in smaller towns and villages across the Valencian Community, announced by the Generalitat on Wednesday October 7.

The financial support is aimed at helping younger people get onto the property ladder while encouraging residents to move to, or remain in, smaller municipalities.

The scheme is also potentially relevant to expats and other foreign residents living legally in Spain.

Who can apply for the grant?

The scheme is aimed at people aged 35 or under, with the applicant required to meet a series of conditions.

Under the national housing plan, applicants must have annual income of no more than five times the IPREM. Higher limits apply in certain cases involving recognised disabilities.

The property must be located in a municipality or population centre with 10,000 residents or fewer. The rules allow the scheme to be extended to municipalities of up to 20,000 residents in certain circumstances where there is evidence that support is needed to help maintain the local population.

The home must be bought as the applicant’s habitual and permanent residence, rather than as a holiday home or investment property.

The national rules also require the purchase contract to have been signed from January 1, 2026, subject to the conditions of the relevant regional call.

How much could buyers receive?

The maximum assistance is €15,000 per home.

However, buyers will not automatically receive the full amount. The grant is capped at 20 per cent of the cost of buying or building the property.

For example, a €60,000 qualifying property could not receive €15,000 because 20 per cent of the purchase price would be €12,000.

The property must also meet the other requirements established by the Generalitat and the national housing plan.

What does this mean for expats?

The important issue is whether the applicant meets the residency and other eligibility requirements set out in the final Valencian application process.

This means the scheme could be relevant to younger expats who are legally resident in the Comunitat Valenciana and are looking to buy a permanent home in a qualifying smaller municipality.

However, having an NIE alone should not be treated as a guarantee of eligibility. Applicants will need to meet all the conditions of the Generalitat’s call for applications and provide the required documentation.

A scheme aimed at smaller communities

The Generalitat’s announcement forms part of a wider effort to make home ownership more accessible to younger people while supporting smaller municipalities.

The national 2026-2030 State Housing Plan specifically includes assistance for young people buying or building homes in municipalities of 10,000 inhabitants or fewer.

For potential buyers, that means the scheme could be particularly interesting for those prepared to look beyond the region’s larger cities and more expensive coastal property markets.

The Generalitat has now published the regulatory bases for the Valencian scheme. Prospective applicants will need to check the specific 2026 call for applications, including its opening date, deadline and documentary requirements, before applying.