Your First Home beneficiaries can apply elsewhere after 5 years
His Excellency the Minister of Housing and Urban Planning issued a regulatory decision clarifying that beneficiaries of the "Your First Home" initiative who have received and occupied a residential unit for five years can reapply to benefit from available housing options or exchange their current unit without losing their future opportunities. The purpose of this decision is to encourage small families to start their housing journey early, with the possibility of transitioning to larger options over time. It is based on the understanding that the apartment represents the first step in a gradual housing pathway that allows them to build a real estate asset that increases in value over time.
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