Foreclosed Properties Mark 4.2% More in First Half of 2014

13/10/2014 – Expansion

Foreclosure lawsuits pursued in the first half of the year totalled at 21.178 cases, reports the General Council of the Judiciary (CGPJ).

According to the authority’s latest update, 18.749 evictions took place during the first six months of 2014, meaning a 3.7% rise in comparison with the first half of 2013. Out of the total, 53.8% corresponded to unpaid rentals. The removals were executed on all kinds of properties, not only dwellings.

By regions of Spain, majority of the legal actions were initiated in Catalonia (23.3%), then in the Valencian Community (15.5%), Andalusia (15.3%) and Madrid (10.8%).

The statistics includes the number of eviction applications received by the notification and the repossession departments that showed 18.876 appeals in the second quarter of 2014. Year-on-year, the figure rose 0.9%. Out of these, 12.239 ended up in eviction, by 3.3% more than in Q2 2013.


Original article: Expansión

Translation: AURA REE