2017 Brings Reduced Risk of Non-payment in Spain’s Rentals

Villa house model, key and drawing on retro desktop (real estate sale concept)

During the second quarter of 2017, the number of evictions in Spain was 16,859, down 8.4% from 2016, according to data from the General Council of the Judiciary. Evictions resulting from foreclosures fell by 20%, while those resulting from missed rent payments fell by 0.3% year-on-year. More than half of the evictions resulted from missed rent payments.

58.6% of the evictions, 9,886, resulted from missed rent payments, while another 6,197, 36.8%, were derived from foreclosures and the remaining 776 were due to other causes.

Catalonia – with 3,625, 21.5% of the national total – was the autonomous community where the most evictions were made in the reporting quarter, followed by Andalusia (2,947), Greater Valencia (2,287) and Madrid (1,791) . These four territories account for 63.2% of all evictions made in Spain in that period.

2017 Second Quarter Foreclosures in Spain

The number of Spain foreclosures started in the second quarter of 2017 was 7,689, representing a 46.5% decrease compared to the same period of the previous year. The report reflects a year-on-year decrease in every region of Spain.

Andalusia is the territory with the highest number of foreclosures started between April 1 and June 30, with 1,864, 24.2% of the national total. Following are Greater Valencia (1,218), Catalonia (1,090), Madrid (756) and Murcia (645).

Source: Idealista. Image: Freepik