economy and politics

Feijóo announces a ‘young span’ to help young people buy a home encouraging savings

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The president of the Popular Party, Alberto Núñez Feijóo, during a meeting with representatives of youth associations, in the Downtown space, on February 7, 2025, in Madrid (Spain). – Jesús Hellín – Europa Press

The measure, similar to Aznar’s savings account, will apply a 20% deduction in IRPF to the contributions made by young people

Madrid, 7 (Europa Press)

The president of the Popular Party, Alberto Núñez Feijóo, announced on Friday a ‘young house’ with fiscal deductions that seeks to help young people up to 40 years to buy a home encouraging savings. As he said, this measure is one of the “great novelties” of the PP housing plan.

In an act with young people in Madrid under the slogan “because of the lost generation of the house. We have a plan!”, Feijóo has explained that this piggy bank will apply a 20% deduction in the IRPF to the contributions made by the minors of 40 Years-a maximum of 2,000 euros a year-and, in addition, it will help them to endorse them then with the same amount they have saved.

“Home Hucha will work as a savings system for young people until they are 40. , therefore, with those 40,000 euros of savings, another 8,000 euros will be saved in taxes, “he explained.

Feijóo has insisted that this amount of 48,000 euros will force the general administration of the State to “endorse another 48,000 euros for the housing of that young man who has been deducing the savings to buy a home” with home hucha .

“Is it a way of rewarding savings? Yes. And also to encourage it? Of course,” said Feijóo, who stressed that “saving is not a crime and being owner, either.” In his opinion, “the only thing that is a crime is to prevent it, shielding policies that penalize savings and property.”

The measure reminds that the governments of José María Aznar applied with the so -called ‘Housing Savings account’, which was eliminated in the second mandate of the Socialist Executive of José Luis Rodríguez Zapatero when cuts were applied due to the worsening of the situation Economic of the country.

Aspire to “share Balda de Nevera”

Feijóo has criticized the “inaction” and the “counterproductive measures” of the Government of Pedro Sánchez who, in his opinion, “have aggravated the problem of housing” in Spain. In fact, he has indicated that those who had 25 years ago and “the whole world ahead”, “today are 32” and “less possibilities than then buying a floor.”

After ensuring that it is “urgent” to recover “the lost time of these seven years”, it stressed that the measures of the PP plan will expand them “to 40 years because all this generation must be returned to the time they have been taken”.

Feijóo has pointed out that now many young people are “forced to spend a casting to find a house” and “they can only aspire to live for rent and share a floor and share the fridge of fridge.” “A country whose youth cannot prosper is not anyone’s envy,” he proclaimed.

The PP leader has proposed to create a state guarantee fund to shield the guarantees of the bond in the case of a rental and 100% of the price of the house in the case of the mortgage in the purchase of housing.

In addition, it has reviewed some measures for young people already announced in the past days and that considers a “fiscal revolution”, such as the deduction in the IRPF of 15% for the rent, the 100% bonus of the family donation tax for the purchase for the purchase and the rent, the decrease of the 4% transmissions tax in the CCAA where the PP and the progressive exemption of the IRPF during the first four years of working life governs.

The PP leader stressed that one of the main objectives of the PP plan is the increase in the number of homes available both for purchase and rental, opening an exception of 48 months to expedite construction; the mobilization of public land for housing and the achievement of a 30% decrease in the rental price. He has also said that they will expedite the concession of new construction or reform licenses.

Feijóo has admitted that the effects of these measures will not be immediate because “miracles do not exist” but the objectives, applying the appropriate policies, will come. “We do not ask you patience, we propose solutions,” he said to young people.

A “healthy” policy against “toxic” politics

The PP leader has indicated that he does not want a country where “the alternative to depending on your parents is to depend exclusively on the State” but wants a country in which young people “depend on themselves.”

“I do not want the next generations to inherit the problems that this toxic policy is unable to solve,” Feijóo emphasized, to add that in Spain they need a “healthy” housing policy.

Feijóo has stressed that Spain must aspire to be a country that guarantees homes to young people and pensions to the elderly. “If you have to choose it is that this country will have failed. And we must rebel against that,” he said.

The “boomer” that has come to listen to young people

In addition, the PP leader has loaded against the strategy of the Government of Sánchez to “face” men with women, some communities with others, entrepreneurs with workers, Spain against sister nations, owners against tenants and young people against the elderly. “It is an old strategy, who has no solutions or ability to excite society, divides it,” he criticized.

Feijóo has told the young people that he was the one who had come to this act to listen to his difficulties. “I want to make it clear that they have not been the ones who have come to listen to the boomer of the room, which is evident that it is me, but that I have been the one that I have come to listen to the people who best know the problem that are happening And the difficulties of acquiring a home, “he said.

In fact, apart from the housing problem, Feijóo has alluded to other difficulties that affect young people as “huge job precariousness, a huge loss of purchasing power and even many young people also” with a “great affectation in mental health “

“None of these problems have an adequate response or a sufficient answer. Therefore, my first conclusion, which I have already verbalized other times, is that in Spain we young people are failing you,” he said, to add that he does not want to give for loss a generation.

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