People in the 25–34 year-old age group carry the heaviest home mortgage burden.
Sixty percent of all households owe money to the bank, with home loans accounting for 70 percent of this debt.
Those in their thirties are the most saddled by debt, with 119,000 euros being the average amount owed. On the other hand, half of young families are debt-free, according to the statisticians.
The rate of indebtedness has grown rapidly in the past decade. In 2002, residents’ ratio of income to debt was 70 percent. Today that figure is 111 percent.