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Mortgage Foreclosures Over Habitual Residences Grew by 37.4% in 2020

During the year as a whole, there were 7,367 foreclosures over habitual residences, up by 37.4% compared to 2019, which represents the largest increase since the historical series began in 2014.

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The number of foreclosures over habitual dwellings stood at 7,367 in 2020, which represents an increase of 37.4% compared to the figure registered in 2019 – the largest annual rise since the historical series began in 2014, according to data published on Monday by the National Institute of Statistics (INE).

This increase brought to an end five consecutive years of decreases in the number of foreclosures over habitual residences. In 2019, they fell by 19%, in 2018 by 39.8%, in 2017 by 48.3%, in 2016 by 30.3% and in 2015 by 12.6%.

Read the full article in Spanish.

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