Europe’s Boom Reawakens the Ghost of Crisis Past: Debt

Mony
29
0

LISBON—Filipe Garcia e Costa had never borrowed from a bank when ultralow interest rates tempted him to take out a €185,000 ($226,000) loan to buy an apartment here.

The caveat: The 32-year-old real-estate manager won’t finish repaying the debt—worth seven times his annual salary—until he is 75.

Mr. Garcia e Costa isn’t alone in ramping up…

Facebook Comments

Comments are closed.