Any family or single parent who acquires residential property in the period between 1 January 2018 and 31 December 2020. It doesn’t matter whether a flat or a house is built or purchased. The cut-off date is the date of the purchase contract or of the building permit or building notification.

Important: Only the initial acquisition is subsidised. People who already own a home are ineligible.

The amount of the grant is determined by the number of children under the age of 18 who, at the time the application is lodged, are living in the household and for whom there is an entitlement to a child allowance. The government pays EUR 1,200 per year per eligible child for a period of up to 10 years. In other words, a family with three children can receive a grant amounting to EUR 36,000. One small restriction: Children who are born after the application is lodged do not count toward the grant.

Also note: The grant instalments are disbursed annually. This means that families need to bear in mind for financing purposes that the entire amount of the grant is not directly available to them, e.g. for the down payment at the time of purchase. Rather, the monies help with mortgage payments or for acquisitions or building work that becomes necessary at a later date.