November 27, 2022

‘The wolf is coming’: rising charges push Spain’s owners

The wolf is coming rising rates push Spains homeowners

The wolf is coming rising rates push Spains homeowners

Isabel Benito’s four-bedroom chalet in Colmenar Viejo, an ethereal city with views of the mountains north of Madrid, shouldn’t be the archetypal dwelling of a household residing on the sting. However the financial institution paperwork and scribbled notes she retains in a bulging buying bag in her lounge are testomony to the monetary pressure she is beneath.

Benito, 56, is anxious that the funds on her variable-rate mortgage — the everyday contract for many Spanish owners — might quickly soar from €902 a month to over…

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