Interesting how that sounds like just the same situation as in the U.S.
And of course the sub-prime mortgage loan crash in the U.S., touched off a worldwide banking crisis. The financial system really is globally interwoven.

Many governments in the world stepped in with bank bailouts, economy stimulus packages and help for homeowners in trouble on their loans, as
did the U.S. The difference being that it was virtually unprecedented here, whereas European governments are committed to providing a social safety-net for their citizens against the ravages of free enterprise. They believe in it and tax the enfranchised accordingly – whereas in America we perpetuate and bicker over a proven failure, of laissez-faire capitalism.

Finally, there might be some good news for struggling Algarve property owners. Thousands of mortgage loans that were supposed to reset at a higher rate this spring won’t be changing……

…and I see that American realty company Century 21, managed to expand there – LOL

Here is a map link;
Indirapuram, India