State Aid for Mothers to Buy First Home: €20,000 and Mortgage with 1% Down Payment
Did you know that Serbia now offers mothers who gave birth to a child from January 1st this year a whopping €20,000 in non-refundable aid to buy their first property? And that’s not all! This aid can be combined with a subsidized mortgage loan with a symbolic down payment of only 1%.
Who is eligible?
All mothers who gave birth to a child from January 1st this year are eligible, regardless of the order of the child. The deadline to apply is one year from the date of the child’s birth.
How to get the aid?
- Check if you meet the conditions.
- Choose the property you want to buy.
- Gather all necessary documentation.
- Submit your application at your local municipality’s child protection service.
- Combine the aid with a subsidized mortgage and enjoy your new home!
Why is this important?
Finance Minister Siniša Mali stated that since the start of this measure, the first application has been approved, and the state has allocated over €12 million. Buying a first property is one of the key life steps, and the state has decided to make this process easier and more accessible.
What do experts say?
Amendments to the regulation allow the €20,000 aid to count as a down payment for the subsidized mortgage loan, which is a huge relief for young mothers. This measure is part of the state program for youth and demographic policy.
How real is it?
€20,000 is not a small amount, especially considering the average price per square meter in many Serbian cities is high. A mortgage with only 1% down payment sounds like a dream for many young families struggling with high living costs.
But is it all sunshine and rainbows?
There are questions and doubts. Will everyone who meets the conditions be able to get this aid? How will the spending be monitored and controlled? Will this measure really help increase birth rates and solve housing problems for young people?
Conclusion
The state has made a big step towards supporting young mothers and families. This €20,000 aid and favorable mortgage loans can be a real opportunity for many to finally get their own roof over their heads. But what about you? Would you take this chance? Or do you think it’s just another political story? Drop a comment, let’s see who’s in and who’s out! Maybe your story will inspire someone else to take the leap!
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