Mortgage Foreclosures over Regular Homes Fell by 21.8% in 2019 to 5,177

The number of foreclosures involving habitual dwellings amounted to 5,177 in 2019, which represents a decrease of 21.8% compared with the figure recorded in 2018, according to the foreclosure statistics published on Friday by Spain’s National Institute of Statistics (INE).

The statistics thereby follow a path of annual decreases; specifically, five years of reductions after falling by 40.7%, 48.3%, 30.3% and 12.6%, respectively, in 2018, 2017, 2016 and 2015. However, in the fourth quarter of 2019 alone, 1,380 foreclosures were registered in relation to regular homes, up by 45.7% compared to the previous quarter, but down by 12.3% compared to the fourth quarter of 2018.

Original Story:

Translation/Summary: Carmel Drake

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