DEAL FOR FIRST-TIME BUYERS! LOFT WITH A VALID HABITABILITY CERTIFICATE ON SANT GIL STREET

DEAL FOR FIRST-TIME BUYERS! 50 m² LOFT IN SAN GIL

What if, instead of paying to rent a room, you could buy your own home?

Discover this welcoming 50 m² loft in San Gil, next to Ronda de Sant Antoni, in a central and well-connected location in Barcelona.

The property is sold furnished and features air conditioning and heating, offering a comfortable and functional living space, ideal for an individual or couple looking to purchase their first home.

BUY YOUR OWN HOME FOR A MONTHLY COST SIMILAR TO RENTING A ROOM

Thanks to its characteristics and price, this property may be an especially attractive option for young buyers looking to take the step from renting to owning.

Buyers between the ages of 18 and 40 who meet the applicable requirements may be eligible for certain tax benefits and financing programmes for the purchase of a first home in Catalonia, such as the reduced Property Transfer Tax (ITP) rate for young buyers and, where applicable, the Préstamo Emancipació offered by the Institut Català de Finances (ICF).

FINANCING EXAMPLE

For a purchase price of €199,000, and always subject to meeting the applicable requirements and approval by the relevant institutions and financial entities, a possible scenario could be:

Purchase price: €199,000~ICF Préstamo Emancipació (up to 20%): €39,800~Bank mortgage (80%): €159,200~Reduced ITP rate of 5%: €9,950, provided the applicable tax requirements are met.

As a reference, a €159,200 mortgage over 30 years at a fixed interest rate of 3% would result in an approximate monthly repayment of €671.

A monthly payment that could be in the range of what it costs to rent a room in Barcelona, but with one fundamental difference: instead of paying rent, you are building your own equity.

An opportunity for those looking to buy their first home in Barcelona, live in a central location and potentially benefit from the support measures currently available to young buyers.

Discover whether you can benefit from these conditions on the official website:

https://www.icf.cat/es/prestecs/habitatge/icf-habitatge-emancipacio/guia

Information regarding financial assistance, tax benefits, financing, taxes and mortgage repayments is provided for guidance purposes only and does not constitute an offer or guarantee the granting of financing, financial assistance or tax benefits. Access to these measures is subject to compliance with the applicable legal requirements and approval by the relevant institutions and financial entities. The mortgage repayment shown is a simulation based on hypothetical conditions and may vary depending on the terms ultimately offered by the financial institution.******