Analyst Ugnė Žiogelė of Citus views the reduction of the initial deposit threshold as a positive development for the housing market. She suggests this change particularly benefits young professionals and families, for whom the primary obstacle to buying a home is often not the monthly mortgage payment, but the substantial upfront capital required. According to Žiogelė, lowering the required deposit to 10% significantly shortens the period individuals must dedicate to saving and renting.
To illustrate, she calculated that for a property valued at 150 thousand euros, the required deposit would decrease from 22.5 thousand euros to 15 thousand euros. This represents a saving of 7.5 thousand euros—an amount that a young family in a major city might save over five to eight years. This adjustment alters the financial calculus surrounding homeownership, potentially accelerating the timeline for first-time buyers.
However, the analyst noted that this market shift may draw attention back to complex tax regulations, specifically referencing considerations for pensioners. The policy change directly impacts the process of buying property, effectively addressing one of the most significant hurdles faced by newer generations entering the market. By reducing the immediate capital barrier, the timeframe for achieving homeownership shifts.
While the immediate benefit is clear for younger buyers, the broader implications suggest that the structure of property ownership and associated taxation will remain a key area of focus when assessing the feasibility of buying a home.
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