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
Email Article
Print Article
Share article
Send Feedback

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.


Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Since she was 16-years-old, Scottish Nationalist Party's Sturgeon has strove for independence from the UK.
Armed group's ransom success with German hostages marks a re-emergence, as authorities investigate ISIL links.
Western nations are moving into the resource-rich country after decades of disinterest, challenging China's interests.