Expansion of Financing for First-Time Homebuyers in Rural Areas
The 2025 finance law has introduced a significant change through Article 25, which broadens the scope of financing for first-time homebuyers to cover not only the acquisition of a first home but also the construction of one.
Objective
The goal is to enable residents of inland regions to benefit from this mechanism. Many of them own land but lack the means to build on it. This initiative is expected to boost construction activity in these areas.
Allocation
The 2025 finance law has allocated 20 million dinars to this program, which could cover up to 364 acquisitions at the maximum price. In reality, this would enable the financing of at least 400 first homes.
Eligibility Criteria
This program is designed for families, singles, widows, and divorcees who meet the following eligibility conditions:
- Monthly gross income for families: between 4.5 and 12 times the SMIG (between 2,017 and 5,378 dinars)
- Monthly gross income for singles, widows, and divorcees: between 4.5 and 10 times the SMIG (between 2,017 and 4,482 dinars)
- The beneficiary and their spouse (if applicable) do not own another home, even as co-owners
Conditions for the Acquired Property
The property to be acquired must be at least S+2 type, regardless of its surface area. The price of the property cannot exceed 220,000 dinars HTVA. It can be purchased from an approved promoter or an individual with a building permit and a construction conforming to this permit.
Financing Scheme
The acquisition of the property will be made possible through an advantageous financing scheme, which includes:
- A credit granted based on state resources to finance the self-financing portion, up to 20% of the property's cost. This credit is repayable over a period equivalent to the bank credit, with 5 years of grace. The interest rate applied is 2%.
- The remaining amount (up to 80%) based on a repayable credit over a period of up to 25 years.
The beneficiary can make a cash contribution, but it must be capped at 20% of the acquisition value.
