The number of contracts concluded between banks and private customers for the purchase of owner-occupied, permanent homes under the public guarantee scheme for young people aged up to 35 rose by 13.5 per cent in the second quarter of this year compared with the previous quarter, with 7,776 contracts formalised totalling €1,730.9 million.

In total, since young people first gained access to this scheme – under which the State provides a guarantee covering up to 15 per cent of the property’s transaction value, starting in January 2025 – 40 148 guaranteed contracts have been signed, accounting for 25 per cent of all contracts formalised over a year and a half, from January 2025 to June 2026, according to data from the Bank of Portugal (BdP).