This (38.3 percent) is around the financial limit for a family, set officially at 40 percent of net income. The study shows that, for a home of 100 square metres, less than two years old, and with a mortgage of 25 years for 75 percent of the value of the home, assuming 4 percent interest, the average Spanish family in 2005 spent 30.3 percent of their net income on monthly mortgage repayments. Cataluña (32.5 percent), Andalucia (31.5 percent), Asturias (31 percent), and the Valencia region (30.5 percent) are the other autonomous regions which pay above the national average. Families which spend the least on paying the mortgage are located in Extremadura (18.6 percent).
These are followed by Galicia (22.9 percent), Castilla-La Mancha (24.2 percent), Castilla and Leon (24.3 percent), Murcia (25.3 percent), Navarra (26.4 percent), La Rioja (26.5 percent), Aragon (28.9 percent), Cantabria (29.5 percent) and the Canaries (29.9 percent).
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