The National Construction Confederation (CNC) has proposed using European funds to make it easier for young people to buy their first home. For this purpose, guarantees will be issued to cover 20% of its cost. The request is part of the housing bill preparation process, which the government plans to approve in the second quarter of this year. In particular, the employers' association supports the youth housing affordability plan in cooperation with ICOs and financial institutions, in line with a measure recently presented by the Government of Murcia. The regional executive offers to guarantee the purchase of housing for young people under the age of 35 through the Institute of Credit and Finance of the region (ICREF), an organization that will guarantee the initial payment.
In this context, the CNC calls for state guarantees to help young people get access to a mortgage, adopting existing methods in the European environment, such as cooperation with banks to provide loans at 0% (France) or the "Help to Buy" program (Great Britain), which, thanks to state guarantees to home buyers, was able to increase the number of purchases. "The CNC argues that the future law should strengthen the right to decent housing at an affordable price. And to do this, she considers it necessary to restore the programs that allow you to make a down payment on the purchase of housing. Especially for young people, because, according to the employers' organization, barriers to buying housing in Spain must be urgently removed, compounded by youth unemployment, which is about 40%," the business organization emphasizes. The employers' organization believes that the guarantees will not only help solve this problem, but will also contribute to the revival of the construction sector, which will ultimately accelerate the economic recovery and job creation. Construction reaches almost 10% of GDP, employs about 1.3 million people, and has a significant impact on the economy as a whole.