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
UNHCR says hundreds of people trapped in Yaloke town risk death if they are not evacuated to safety urgently.
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Long-standing dispute over Christian use of the word 'Allah' raises concerns about a very un-Merry Christmas.
The threat posed by ISIL has prompted thousands of young Kurds to join the PKK.
Baja California - with its own grim history of disappeared people - finds a voice in the fight against violence.
Russian feminist rockers fight system holding 700,000 - the world's largest per capita prison population after the US.
Weeks of growing protests against Muslims continue in Dresden with 15,000 hitting the streets last Monday.