Bank of Spain warns over half a million households will need help to pay mortgages this year
Eleven million households have bank debts and of those, five million have mortgages. One million of them are considered to be vulnerable. Given the interest rate shock from 2020, the number of vulnerable households among those in debt will rise from 10% to 14% with a rise of 400 basis points in the price of money. According to the Bank of Spain, the number of mortgaged households that will be…