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Repossessions Statistics Second Quarter 2023

Property To Buy or Sell TMT SPAIN

Nationally in Spain – Marginal Increase of 4.2% more than in the previous quarter (Jan to March 2023)

26.0% less than in the same quarter of 2022

5,386 Total Repossessions

2,697 were people’s main homes (16% down on the same period last year)

Of these repos, Second Homes numbered 563 (19.8% less than in the same quarter of 2022)

Second Quarter Repossessions 2023

Results by Autonomous Community

In the second quarter, the Autonomous Communities with the most foreclosures certifications
as a proportion of the total properties were Andalucía (1,509), Comunitat Valenciana (1,019)
and Cataluña (995). In turn, Comunidad Foral de Navarra (22), Cantabria (29) and La Rioja
(38) registered the smallest number of foreclosures.
In the case of dwellings, Andalucía (1,004), Cataluña (757) and Comunitat Valenciana (693)
registered the greatest number of foreclosures. The lowest numbers were in the Comunidad
Foral de Navarra (15), Cantabria (23) and La Rioja (29)


Certifications of foreclosures of dwellings according to the year the mortgage
was registered
15.1% of foreclosures begun with regard to dwellings in the second quarter were mortgages
taken out in 2007,14.6% were with regard to mortgages taken out in 2006 and 10.0% in respect
of mortgages taken out in 2005.
The 2004-2008 period accounted for 55.9% of foreclosures initiated in this quarter.

Source: https://www.ine.es

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