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Defaults on Rental Payments Have Risen by 70% Since September

Since the third week of September, the percentage of rental defaults has risen from 3.5% to 5.9%, which represents an increase of almost 70%.

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The second wave of the pandemic, combined with the growing uncertainty in the job market and in the economy in general, is causing the number of incidents due to non-payment in the rental market to skyrocket.

Since the third week of September, the date on which the lowest figure for this indicator was reported since the outbreak of the pandemic (when the default rate was 3.5%), communications due to non-payment have increased by 68.4 % to account for 5.9% of the total contracts monitored by the File of Defaulting Tenants.

Read the full article in Spanish.

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