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Spain mulls new mortgage repayment laws

If enacted, legislation would give cash-strapped Spaniards more time to meet repayments and avoid eviction.

Last Modified: 09 May 2013 13:05
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Spain's Senate is debating new laws to give cash-strapped Spaniards more time to meet mortgage repayments and avoid eviction.

Under the changes, banks would have to wait two years before repossessing the homes of disadvantaged families.

For now, Spain finds itself continuing to evict people from their homes, even as millions of properties sit empty.

Two very different solutions to this problem are now arising.

Al Jazeera's Rory Challands reports from Valdeluz, Spain.

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Source:
Al Jazeera
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