Home foreclosures fell 36.2% in the third quarter

This is also reflected in the mortgage foreclosure statistics published this Tuesday by the National Institute of Statistics (INE), whose main purpose is to present on a quarterly basis the number of certificates of mortgage foreclosures initiated and recorded in the Property Register during the reference quarter.

Statistics remember this Not every lien ends with a lien (evacuation) owners.

In the third quarter of the year, 3,308 mortgage foreclosures were initiated, which is 20.9% fewer than in the same period in 2022 and 38.6% fewer than in the second quarter of the year. Of these, 3,138 affected urban properties (including houses) and 170 affected rural properties.

Mortgage foreclosures on urban properties fell 21.5% year-over-year in the third quarter and 38.5% from the previous quarter. On urban properties, corresponding to homes, there were 2,306 executions, 21.6% fewer than in the third quarter of 2022 and 37.3% fewer than the previous quarter.

Of these, 2,089 were foreclosures on individuals’ homes; This rate was 35.9% lower than the previous quarter and 18.2% below the figure for the third quarter of 2022.

In real people’s homes 1,721 executions were carried out in the habitual homes of natural persons and 368 in homes that are not the habitual residence of their owners. The former fell 16.5% at an inter-annual rate and 36.2% at a quarterly rate, while the latter fell 25.6% over the third quarter of 2022 and 34.6% over the previous quarter.

For their part, mortgage foreclosures Houses of legal entities were collected 217 between July and September, 48% lower than the previous quarter and 43.9% lower than the same period in 2022.

91.5% affects used floors

In the third quarter of this year, residential foreclosures constituted 69.7% of total foreclosures. 52 percent of the foreclosures resulted from the residences of real persons, 6.6 percent from the residences of legal entities and 11.1 percent from other residences of real persons.

Liens on other urban properties (condominiums, garages, offices, warehouses, warehouses, residential buildings, other buildings, and urban development uses) represented 22.7% of the total.

8.5 percent of home foreclosures occurred in the third quarter 91.5% of new homes and used homes. The number of new home foreclosures decreased by 28.4 percent annually and 27.8 percent quarterly compared to the same quarter of 2022, reaching a total of 197, while the number of used homes decreased by 20.9 percent. 38% quarterly, up to 2,109 executions.

15.7 percent of residential mortgage foreclosures in the third quarter Mortgages established in 2006; Mortgages constituted 15% in 2007, and 11.1% in 2005. 56.3% of mortgage foreclosures initiated between July and September are concentrated in the 2004-2008 period.

Andalusia leads the executions

by autonomous communities Andalusia ranked first with a total of 592 housing executions in the third quarterThis is followed by the Valencian Community (448) and Catalonia (440). On the opposite side are Navarra (5), Cantabria (15) and the Basque Country (18), which have the least number.

Considering the total number of properties, Andalusia ranks first in the number of foreclosures with 864, followed by the Valencian Community (652) and Catalonia (576). According to them, Navarra (8), Cantabria (23) and the Basque Country (39) recorded the lowest number.