Household foreclosures fall by 7.4% on an annual basis in Spain

Home foreclosures fall 7.4% on an annual basis in Spain Credit: Sensay/

As reported on Wednesday 7 September, Spanish foreclosure registrations initiated in privately owned households fell by 7.4% on an annual basis, while registrations initiated in corporate owned residences fell by 60.2%. did.

According to the Spanish National Institute, the number of Spanish foreclosure certificate registrations opened in the land registry in the second quarter of 2022 was 7,115, down 10.7% from the previous quarter and down 27.4% from the same quarter in 2021. I’m here. of statistics.

Foreclosure registrations initiated on privately owned homes decreased by 7.4% on an annual basis.

Of these, 3,1651 are habitually resident (down 4.1%) and 692 are not the owner’s habitual residence (down 19.8%).

The Spanish autonomous regions with the highest number of foreclosure certifications relative to the total number of properties (including private households and bank-owned properties) in the second quarter of 2022 were Comunitat Valenciana (1,552), Andalusia (1,410), Catalonia ( 1,186).

La Rioja (48), Comunidad Foral de Navarra (49) and País Vasco (81) had the lowest numbers.

For residential properties, Comunitat Valenciana (1,054), Andalucía (1,041) and Cataluña (804) have the highest number of foreclosures.

The lowest were Comunidad Foral de Navarra (20th), La Rioja (35th) and Cantabria (44th).

The news follows reports that Spain will reportedly reduce the VAT on gas to 5% from the current 21%, thus reducing the amount citizens will have to pay this winter.

This was announced by government president Pedro Sánchez in an interview with Hoy por Hoy, saying the measure will be implemented in October and is due to end in December, but he plans to extend it for a few more months. is hoping for

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