Helping young people: from apartment guarantee to tourism by train

1. 20% guarantee to finance the entrance of the house

The government approved a measure 20% guarantee for entry living place Via the Official Credit Institute (ICO)2.500 million will be allocated. This support, which is aimed at young people up to 35 years old and families with children and announced by the General Manager during a rally, can be 25% if the energy level of the house is above ‘D’ and the program continues. It is valid until 31 December 2025, can be extended for another two years and no fee is charged to the mortgagee.

Beneficiaries’ income must be less than 4.5 times the public multiple-impact income indicator (IPREM)37,800 euros in 2023, or double if double (75,600 euros). In underage families, the limit will increase by 30% for each child, and if the family is single-parent, this rate can go up to 70%. The administrator estimates about 50,000 people who could benefit from this measure. This initiative has no cost to the State unless the beneficiary defaults.

2. Cheaper train tourism

In another action before the election campaign, Pedro Sánchez announces 50% discount on Interrail For young people aged 18-30 from June 15 to September 15. in order, for Explaining that 90 percent discount will be applied on state-affiliated railway lines and 50 percent discount on high-speed trains, Özdemir said that they will encourage domestic tourism. for the same dates With this 50% discount, a young person aged 12-27 could travel on trains in 33 European countries for 7 days in second class for 132 Euros (no discount, 264). Initially, the same subscription will be 167.50 euros instead of the current 335 euros. About 980,000 people board the ship each year and tour the Old Continent with these cards. There are two types of subscriptions: the global subscription to be used in 33 countries; and ‘One country’ for one unique country

3. Tax advantage to the landlord who rents to young people

While not aimed directly at younger tenants, this measure can certainly benefit them. The housing law provides up to 90% increase in the income of the owner who rents a house to a young person under the age of 35.. For the owner, which is currently 60%, the general discount drops to 50% with no further requirements.

4. Educational scholarships

The royal scholarship decree for the academic year 2023-2024 contains a novelty: 900 Euro hike to the dormitory supplement for those studying outside the home. The 1,600 euros previously awarded are now 2,500 euros. The government has approved a historic investment in scholarships: 2,520 million euros, which will benefit more than one million young people for both university education and vocational training.

5. Young Hiring Bonus

This measure was also introduced last year for young people between the ages of 18 and 35. It is 250 euros per month, for which proof of working income and annual income is three times less than IPREM.. It is given for two years. Renters whose rent does not exceed 600 Euros per month and 300 Euros per month for a room can apply for this assistance. Given the established requirements, it is estimated that only 60,000 to 70,000 people can benefit. The budget allocation is 200 million.

6. Minimum Vital Income

The government has reassessed minimum living income (IMV) amounts. 8.5%, as well as the entire range of pensions. As a general rule, young people over the age of 23 are eligible to apply if they meet certain income requirements, also reside in Spain and have lived independently for at least two years before applying.

For younger people, it will be offered to women of age who are victims of gender-based violence or human trafficking and sexual exploitation; Persons who come from settlements or who are absolute orphans for the protection of minors aged 18-22; and the homeless.