Tuesday, Aug 18, 2009
Mortgage strain in Spain
Fist Full of Euros: Twenty Percent of Spanish Mortgages Now Considered To Be High Risk
One in five Spanish mortgages is now considered as being high risk and liable to become “non performing”.... "the proportion of income devoted to servicing the loan is down from peaks in 2007 but rising again (MG - I presume from falling incomes) so Spanish households are now extraordinarily vulnerable to any rise in interest rates."
Posted by mountain goat @ 03:44 PM (289 views) Add Comment
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