Summary
Is 2026 the year of your first home? The Xunta de Galicia has launched new grants and guarantees for young people that facilitate the purchase like never before. In this article we explain how they work and we discover the neighbourhoods of Ourense (such as Mariñamansa or O Vintiún) where it is still possible to find bargains under €100,000.
Making the leap from renting to buying is one of the most important (and terrifying) decisions you will ever make. However, 2026 brings good news for first-time buyers in Galicia. Between new public subsidies and certain neighbourhoods that still maintain competitive prices, becoming a landlord in Ourense is more viable than you think.
At Otoch House We want to make the numbers work for you. That's why we've compiled the essentials you need to know before you start looking.
Active aid in 2026: The push you need
This year, the Xunta de Galicia has reinforced its commitment to access to housing.
- Youth guarantees: If you are under 36 years of age, you are eligible for public guarantees that cover up to 20% of the purchase price. This is vital, as it allows you to access a mortgage financing almost 100% of the value, without the need to have a huge down payment saved.
- Subsidised housing: New direct assistance lines have been activated for up to 20.000€ for the acquisition of subsidised housing in specific areas. In Ourense, there are already beneficiaries taking advantage of these funds to access rehabilitated or newly developed properties.
The smartest neighbourhoods for your pocket
If your budget is tight, you don't have to give up living in the city. Ourense has “hidden gems” where the square metre is still very affordable, at around 1.000 - 1.200 €/m² (compared to more than €2,000/m² in the centre).
- Mariñamansa: It is currently one of the cheapest neighbourhoods. You can find 2 or 3 bedroom flats ready to move into (or with minor refurbishment) for prices that would surprise anyone coming from renting. It is an area with its own life and all services.
- O Vintiún and A Carballeira: They are the perfect alternative for those looking for peace and quiet and low prices. They are working class, honest and well connected by bus, where you get your money's worth.
Why buy now?
The rental market in Ourense is tense and prices are rising. Buying in one of these neighbourhoods not only gives you stability, but, in many cases, the your mortgage payment will be less than what you would pay in rent. for a similar flat.
Shall we crunch the numbers?
Come and see us at Casa Otoch. We will analyse your situation, we will see what help you are eligible for and we will show you flats that fit your real budget, with no small print.
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