Up to 10,800 Euros for Buying a House in the Countryside: New Funding Package for Young Buyers

The Spanish government pays up to 10,800 euros to young buyers under 35 in small municipalities on Mallorca — along with subsidies for rent-to-own models. Here's what it means.

More chances for homeownership in the countryside

Good news for everyone who dreams of owning a house but does not want to move to the big city: The Spanish government has launched a funding package to support young buyers. Those up to 35 years old and buying a house or apartment in a municipality with fewer than 10,000 inhabitants can expect a subsidy of up to 10,800 euros.

Where on Mallorca this applies

On Mallorca, the offer applies to a number of small towns — a total of 36 municipalities are on board. Names that are often mentioned here: Santa Maria, Binissalem, or Artà. Places where you might be woken by the crowing rooster in the morning and in the evening meet your neighbor in the supermarket.

What else is funded

In addition to the direct subsidy there is, according to the new plans, almost 30,000 euros of support for models known as rent-to-buy: first rent, later buy — with a subsidy to make the jump into ownership easier. For young couples or individuals who do not want to immediately shoulder the full mortgage, this can be a real door opener.

I spoke at a street corner in Binissalem with a young family: they plan to renovate a smaller finca and hope the subsidies will ease the mortgage. Such personal examples show: it's not just about numbers, but about concrete decisions — jobs, childcare, paths to work.

How to proceed

If you’re interested, you should first check with the local town hall (Ayuntamiento). There you usually find out whether the municipality falls below the 10,000-inhabitant threshold and which documents are needed. Tip: morning appointments are often calmer, and the staff patiently explain the formalities.

Note: The requirements include age limits and conditions for use as a primary residence. It pays to review all requirements carefully — or seek a brief consultation at a consumer office or a local notary.

A takeaway from here

For young people who want to stay on Mallorca, the package is real support — especially for rural municipalities that rely on in-migration. Whether it’s enough to ease the housing shortage remains to be seen. But one thing is clear: for many, there is now a chance to think again about owning their own home, rather than just dreaming.