Post a Comment Print Share on Facebook
Featured Plasencia Alcampo Chechenia Fotocasa BurgerSwap

Mortgage foreclosures on habitual residences fell by 4.1% year-on-year in the second quarter

MADRID, 7 Sep.

- 1 reads.

Mortgage foreclosures on habitual residences fell by 4.1% year-on-year in the second quarter

MADRID, 7 Sep. (EUROPA PRESS) -

The number of foreclosures on habitual residences stood at 3,165 in the second quarter, a figure that is the lowest since the last quarter of 2020 and represents a decrease of 4.1% compared to the same period of 2021 and 4.7 % in relation to the previous quarter.

It is the first decrease recorded in foreclosures on habitual residence after seven quarters of increases, according to the statistics of foreclosures published this Wednesday by the National Institute of Statistics (INE).

The main objective of this statistic is to offer quarterly the number of foreclosure certifications initiated and registered in the Property Registries during the reference quarter. Statistics remember that not all foreclosures end with the release (eviction) of their owners.

In the second quarter, 7,115 foreclosures were initiated, 27.4% less than in the same period of 2021 and 10.7% less than in the first quarter of 2022. Of these, 6,719 affected urban properties (which includes homes ) and 396 to rustic properties.

Foreclosures on urban properties fell by 27.7% year-on-year in the second quarter and 11.8% in relation to the previous quarter. Within urban estates, 4,596 foreclosures corresponded to homes, 23.6% less than in the second quarter of 2021 and 11.8% less than the previous quarter.

Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.