Thursday, January 21, 2021
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Mortgage Debt Will Grow by Up To 40% in Spain

As a result of the pandemic, the debt market is expected to skyrocket by up to 40%, which would see it grow from the current volume of 84.4 billion euros to between 120 and 150 billion euros, according to LEM Loan eMarket.

As a result of the economic crisis caused by the coronavirus pandemic, the debt market is expected to skyrocket between by 30% and 40%, which would see it grow from the current volume of 84.4 billion euros to between 120 and 150 billion euros, according to the marketplace LEM Loan eMarket.

The founder and CEO of the company, Miguel Arimont Lincoln, assures that “liquidity and access to credit” will be “key for the exit from the crisis caused by the coronavirus. But they also represent a risk since, from a statistical standpoint, the greater the credit in the market, the greater the risk of defaults”.

Read the full article in Spanish.

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