Spain eviction measures to have little impact on mortgage market - Economy Minister
MADRID (Reuters) - Spain's Economy Minister Luis de Guindos said on Thursday that measures to help people in extreme need avoid eviction from their house would have little impact on the country's mortgage market.
"The problem in Spain is not with mortgages but with the credit of real estate promoters," he said after announcing the measures.
He added that mortgage debt was low in Spain and would continue at low levels.
(Reporting by Jesus Aguado; writing by Nigel Davies)
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Probe: Athletes took fake classes at University of North Carolina
- Canada's Harper pledges tougher security laws after attack |
- Man arrested after jumping White House fence, causing lockdown
- Some U.S. hospitals weigh withholding care to Ebola patients