Overview
- The regional government says its Mi Primera Vivienda program remains active and can lift bank financing above 80% to as much as 100% in some cases.
- The home must be in the Madrid region, carry a price up to €390,000 before taxes, and serve as the buyer’s main residence for at least two years.
- The scheme targets first‑time buyers, generally up to age 40, plus large or single‑parent families or recent parents, and it requires two years of legal residence in Madrid.
- Applicants file through participating banks and must show ID, local registration, a property registry check proving no other home, a deposit contract, and any family status proof.
- Spain also runs a separate ICO public guarantee for under‑35s or parents with income and price caps, while surveys show high prices and thin savings are the main hurdles for buyers.