CGD Finances 28,000 Homes and Defends Maintenance of the Public Guarantee for Young People

Sapo

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Paulo Macedo believes that the increase in house prices results from the lack of supply and not from the public guarantee of housing credit. Caixa has already used 89% of its share in this mechanism and should reach 95% by the end of the year. On the housing crisis he said that "the problem is not even for a legislature", he said, underlining the structural dimension of the housing deficit in Portugal.

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Financial institution states that it remains "the reference bank of young people at the time of the acquisition of their first home".

Noticias ao Minuto

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The General Deposit Box (CGD) has already lent to young people up to 35 years of age about EUR 3,100 million through the State guarantee, the public bank reported today.