Property Purchase

Support to purchase first property

Effective for 10 consecutive years and the applicant selects the start date. The measure is threefold.

  • 1Private pension savings that have accrued over a particular period may be used for the purchase of a first property. Private pension can also be used if the applicant has not had a home for five years.
  • 2Private pension savings may be used for the principal of the property loan that is secured with a lien in the first property and which was taken for that purchase.
  • 3Private pension savings may be used for the payment of instalments on a unindexed loan and toward reducing the principal of a loan that is secured with a lien in the property.
Karim Birumasu, 42, a university student, on a street of colourful corrugated-iron houses. The image reads: “A Private Pension is a great way to save for a home.”