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

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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