- High inflation and rising interest rates are increasingly endangering the situation of Spanish households, and those who spend more than 40% of their income on debt repayments could now exceed 1.5 million.
- The Bank of Spain (Banco de España, BDE) estimates that the proportion of indebted households that would become “highly indebted” would increase by almost four percentage points, which translates into around 350,000 homes being at serious risk, according to a new BDE study, EURACTIV’s partner EFE reported.
- In the case of a standard mortgage in Spain – of €150,000 for 25 years with a differential of 1% linked to the Euribor – the monthly payment will go from €533 to €761.
Over 1.5 million Spaniards use 40% of their income to pay debts
