Sun. Dec 5th, 2021



The number of foreclosures on habitual dwellings stood at 7,367 in 2020, a figure that is the highest since 2017 and represents an increase of 37.4% compared to 2019, su largest annual rebound since the start of the series, in 2014, according to the foreclosure statistics published this Monday by the National Institute of Statistics (INE).

With this rise, foreclosures on common homes also break with five years of setbacks after that in 2019, 2018, 2017, 2016 and 2015 they fell by 19%, 39.8%, 48.3%, 30.3% and 12.6%, respectively. Only in the fourth quarter of 2020 there were 3,018 mortgage foreclosures on habitual dwellings, 67.3% more than in the previous quarter, and more than double that in the fourth quarter of 2019.

The main objective of this statistic is to offer quarterly the number of foreclosure certifications initiated and registered in the Property Registries during the reference quarter. Statistics reminds that not all foreclosures end with the release (eviction) of their owners.

In 2020, 34,750 foreclosures were initiated, 38.8% less than in 2019. Of these, 33,156 affected urban properties (which includes homes) and 1,594 rural properties.

Mortgage foreclosures on urban properties fell 38.6% in relation to 2019. Within urban properties, 18,903 foreclosures corresponded to homes, 31.2% less than in 2019, and of these 9,407 were foreclosures on homes of individuals , a figure 27.4% higher than in 2019.

For its part, foreclosures on homes of juridical people decreased by 52.8% in the year, to 9,496, while those carried out on plots fell by 62.2% in the year of the Covid and totaled 1,242. Specifically, in the fourth quarter these foreclosures on habitual residence soared by 109.9%, reaching a total of 3,018. Meanwhile, 742 registrations were made on the non-habitual residence of the owners (57.4% more). In sum, in the fourth quarter, registrations for foreclosures initiated on the homes of individuals increased by 97% in the annual rate, to 3,760.

Considering the state of the homes in the annual calculation of 2020, 16.5% of the executions were on new properties and 83.5% used. The number of foreclosures on new homes decreased 51.6% over the previous year and that of used homes decreased 25%.

According to the year of registration of the mortgage, 21.5% of the foreclosures initiated on homes in 2020 corresponded to mortgages constituted in 2007, 13.3% to mortgages constituted in 2006 and 13.2% to mortgages of 2008. The period 2005-2008 concentrated 55.4% of the foreclosures initiated in 2020.

By autonomous communities, the Valencian Community (4,643), Andalusia (3,538) and Catalonia (3,492) registered the highest number of executions on dwellings in 2020. The communities with the least were Comunidad Foral de Navarra (61), País Vasco (102) and La Rioja (148)

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