More young people under the age of 35 will be eligible for state-subsidised mortgages as of April 1, as the maximum income threshold is set to increase to €1,153 per month.
For couples the combined income will go up to €2,306. Subsidised mortgages are provided only up to €50,000 with the interest rate being reduced by three percent: two percent of which is covered by the state and one percent by the bank. The state-subsidised mortgage represents a form of support for young families and individuals who wish to acquire their own homes.
Anca Dragu
