Third quarter 2024. Provisional data
The number of registrations of certifications for mortgage foreclosures initiated in the property registries in the third quarter of 2024 was 4,121, which represented an increase of 22.8% compared to the same period of the previous year.
Foreclosures on homes of individuals decreased by 1.5%. Among them, those initiated on habitual residences fell by 1.1%.
Certifications for mortgage foreclosures initiated and registered according to the nature of the property
Foreclosures on homes accounted for 62.5% of the total foreclosures in the third quarter.
41.7% of the total foreclosures were habitual homes of natural persons, 12.0% were legal entities and 8.8% were other homes of natural persons. For their part, foreclosures in other urban areas represented 29.1% of the total.
Certifications for mortgage foreclosures initiated and registered on homes by state
11.6% of foreclosures in the third quarter were on new homes and 88.4% were on used homes.
The number of foreclosures on new homes increased by 42.4% in annual rate and that of used homes by 7.1%.
Certifications for foreclosures on housing according to the year of registration of the mortgage
12.0% of the foreclosures initiated on homes in the third quarter corresponded to mortgages established in 2007, 17.6% to mortgages established in 2006 and 10.6% to mortgages from 2005.
The period 2004-2008 accounted for 55.3% of the mortgage foreclosures initiated this quarter.
Distribution of certifications for mortgage foreclosures initiated and registered for homes by year of mortgage registration. Third quarter 2024
Percentage
Results by autonomous communities
The communities with the highest number of certifications for foreclosures over the total number of properties this quarter were Cataluña (1,162), Andalusia (769) and Comunitat Valenciana (638). For their part, Comunidad Foral de Navarra (11), La Rioja (29) and Illes Balears (50) register the lowest number.
In the case of housing, Catalonia (588), Andalusia (548), and Comunitat Valenciana (450) presented the highest number of foreclosures. The smallest occurred in the Foral Community of Navarra (11), La Rioja (19) and Cantabria (22).
More information at INE
