Europeans Struggle with Mortgage Payments, Cut Spending

European Housing Trends Report reveals that three-quarters of Europeans had to cut spending to meet mortgage payments last year. Spending cuts vary widely, with some countries seeing almost half of mortgage holders comfortably managing payments, while others have a large majority struggling. Homeowners often cut back on social activities, luxury items, and holidays. In some countries, essential items are sacrificed due to intense budget pressure. The real problem, according to Luca Bertalot from the European Mortgage Federation, is the rising cost of energy, which significantly impacts household budgets.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.