Nature trails

PEOPLE struggling with their mortgage repayments in Spain will be pleased to hear that financial institutions have widely subscribed to the modification of the Code of Good Practices for vulnerable households.

This means they have adhered to the new Code approved by the government, which includes a wide range of measures that will enable up to one million households to see their mortgage burden alleviated.

The measures included in these codes are aimed at alleviating the financial situation of families affected by the rapid rise in Euribor, es- pecially those vulnerable or at risk of vulnerability, preserving financial stability.

The implementation of these measures will facilitate a more gradual adaptation of households to the new interest rate environment.

Households with an income of less than three and a half times the IPREM (€29,400 per year) and a recent increase in the mortgage burden of at least 30 per cent will be able to benefit from these measures. For all these cases, financial institutions must offer an extension of the repayment period of up to seven years, with the possibility of a 12-month freeze on repayments.

He confirmed that nature trails are an option that satisfies many of the current demands for active and sustainable tourism. They allow people to enjoy leisure and promote well-being, they also generate economic activity and business in rural areas.

Image: Irina Stutz / Shutterstock.com

DISCOVER NATURE: Promoting leisure and well-being.

Luis Planas visited the Ministry of Agriculture, Fisheries