[GreenNight]

Quite inflated still, it'll be a long time until they go down or a longer time until wages catch up (in the opinion of some, me included).

The problem here is that you cannot return the house to the bank and be debt free. If you give your house back to them they sell it, and whatever is not covered by the sale you still owe to the bank.

And if you still owe 200K€ to the bank but your house valuation has gone under that you have a hard time, because you have to put up with the extra value with some other possessions you have.

So it's not very pretty.

[lilsis]

How does bankruptcy work in Spain? Does such a thing exist?