By Euro Weekly News Media •
Published: 05 Jun 2015 • 10:40
REPOSSESSION of properties to be sold after owners failed to pay mortgages in Spain saw a reduction of 5.2 per cent during the first three months of 2015, if compared to the year before.A total of 30,952 were carried out during this period, of which 29,591 were urban properties and 1,361 rural, according to the data provided by the National Statistics Institute (INE).Out of the total repossessions, 8,802 properties were the permanent residents of owners, 6.9 per cent fewer than the same period of 2014.Data indicates that 21.1 per cent of all properties repossessed had mortgages issued in 2007, 15.2 per cent in 2006 and 11.8 per cent in 2008.Andalucia was the region with the highest number of repossessions (8,948) followed by Catalonia (5,168) and the Valencian Community (4,852).
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our
Share your story with us by emailing firstname.lastname@example.org, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
Download our media pack in either English or Spanish.