Expansion of the period to invest savings home loans

This measure will serve to expand on the deadline to invest savings home loans that should be used to purchase the first residence or to refurbish the habitual residence, term falling due between 1 January 2008 and 30 December 2010; thus, the aforesaid savings home loans may be invested until 31 December 2010 and this will not bring about the loss of the right to enjoy the deductions derived from purchasing the habitual residence. Therefore, the period for housing purchase will be expanded beyond the four-year period.

Beneficiaries

Savings home loans beneficiaries who are saving to purchase or refurbish their habitual residence will not have to do so under the current circumstances, characterised by harder credit conditions which make it particularly hard to obtain financing for such purpose under reasonable terms. According to official estimates, 180,000 citizens, mainly young people, will benefit from this measure.