According to data from Banco de Portugal (BdP), people aged up to 35 represented on average 41% of new credit contracts for the purchase of their own and permanent home carried out throughout the first half of the year.

In July, they fell to 30%, having increased to the aforementioned 54% in August, the month in which people up to 35 years of age began to benefit from total or partial exemption (depending on the purchase price of the house) from IMT and IOF when purchasing your first home.

The BdP data does not indicate the average value of loans granted by age group, but the evolution recorded is in line with the signals that were being given by agents in the real estate market, namely that after attempts to postpone the formalisation of the purchase of the house in a to benefit from the IMT Jovem and the Stamp Tax exemption, there are more people up to 35 years old purchasing properties.

The 'weight' of younger people in purchasing their own permanent home continued to be felt in September, the month in which they represented exactly half of the new loans granted for this purpose.

Data provided to Lusa by the Ministry of Youth and Modernization at the beginning of this month indicated that in the first month and a half (between August 1st and September 18th) of IMT Jovem, 3,098 people benefited from the measure, with 2,141 houses transacted.

By this measure, people up to 35 years of age are exempt from IMT and Stamp Tax when purchasing their first permanent home, with this exemption being total for properties up to 316,772 euros (4th tax bracket) and partial between this value and 633,453 euros (portion to which the 8% rate corresponding to this bracket applies). These intervals will be updated in 2025, according to the State Budget proposal for 2025 (OE2025).