I've been reading about Spain (along with the rest of the world) is facing a housing market crash (already happening in America) It will be a help for us as we are considering buying in the next couple of years. But I noticed something in an article which caught my eye.
quote:
And in Spain, a whopping 96% of mortgages are on floating rates, rather than fixes - so every rise hurts almost every mortgage holder.
At the same time our hair dresser commented about how her mortgage payments jumped 300 euros a month. That's a car payment without the car.
