The Valencian Community was the third region with the highest number of certifications for foreclosures or seizures of habitual residences during the second quarter of this year, with a total of 541, only surpassed by Andalusia and Catalonia.
In Spain, the total number of registrations of certificates for foreclosures or seizures on habitual residence decreased by 17.5% in the second quarter compared to the same period in 2023, which means that there are nine quarters of decline, according to the INE.
However, overall, the number of foreclosure certificates filed in property registries increased by 3.3% year-on-year to 5,534.
Foreclosures on all types of housing, which accounted for 58.3% of the total, fell by 13.2% year-on-year in the quarter; foreclosures on individuals fell by 17.1% and foreclosures on legal entities fell by 17.2%.
Of the total foreclosures, 40.6% were the habitual residences of individuals, 9% were legal entities, and 8.7% were other residences of individuals.
Foreclosures in other urban areas accounted for 33.4% of the total.
As regards the state of real estate, 7.6% of foreclosures in the second quarter were on new homes – which fell by 14.1% – and 92.4% on used homes, which fell by 13.1%.
Broken down by autonomous community, those that registered the highest number of foreclosure certifications out of the total number of properties were Catalonia (958); Andalusia (990) and the Community of Madrid (881), while La Rioja (12), the Autonomous Community of Navarra (36) and Extremadura (61) had the lowest figures.
In the case of housing, Andalusia (695), Catalonia (690), and the Valencian Community (541) had the highest number of foreclosures, and the lowest were in La Rioja (10), Navarra (12) and Extremadura (31).
Other Articles
Waste Collection Bill Expected to Quadruple
