Do I always need a 10% down payment?

In practice, many banks finance up to 90% of the lower of the purchase price or the valuation for a primary permanent residence, which means the buyer will usually need to provide around 10% from their own funds.

For example, for a EUR200,000 property, you may need roughly EUR20,000 as a down payment, although this amount can vary depending on the property valuation and the borrower profile.

Besides the down payment, you should also allow for taxes, deed costs, valuation, fees and a safety buffer for initial expenses. In other words, the decision should not be based only on the advertised financing percentage.

It makes sense to seek specialist support when you want to understand how much you really need available to move forward and how that amount fits with your budget and debt-service ratio.

Talk to a specialist to calculate the deposit, taxes and total costs before moving forward.