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Feijóo backs Abascal's fixed-rate mortgage plan, signaling a cross-party deal on housing

Published July 26, 2026 at 5:32 PM UTC

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Spain's main opposition leader, Alberto Núñez Feijóo of the Popular Party, has adopted a fixed-rate mortgage proposal originally championed by Santiago Abascal of the far-right Vox party, according to multiple media reports. The move is widely seen as an attempt to secure Vox's parliamentary support for future legislation while addressing growing public concern over rising variable mortgage rates. The plan would encourage banks to offer more fixed-rate loans, potentially shielding homeowners from the European Central Bank's rate hikes. Housing affordability has become a top issue in Spain, with many families struggling as monthly payments increase. Feijóo's decision has sparked debate about whether the policy is a genuine solution or a tactical alliance with Vox ahead of a possible early election. The Popular Party has not yet detailed how the plan would be funded or enforced, and banking associations have expressed caution. The proposal is expected to be introduced in Congress in the coming weeks, where the PP and Vox together hold enough seats to pass it if other parties abstain.