The total number of registrations of certifications of foreclosures initiated in the land registers in the fourth quarter of 2023 was 5,408, representing a fall of 14.3% with respect to the same quarter of the previous year.
Foreclosures on dwellings of natural persons fell by 23.5%. Of the above, those initiated on usual dwellings fell by 24.8%.
2 Includes the following items: premises, garages, offices, storage rooms, warehouses, buildings intented for dwellings, other buildings and urban exploitations.
Foreclosures on dwellings accounted for 62.5% of the total number of foreclosures in the fourth quarter.
42.3% of the total number of foreclosures corresponded to usual dwellings of natural persons, 10.6% to legal persons and 9.6% to other dwellings of natural persons. In turn, foreclosures of other urban properties accounted for 31.4% of the total.
10.3% of the foreclosures during the fourth quarter were on new dwellings and 89.7% were on used ones.
The number of foreclosures on new dwellings decreased by 20.6% in the annual rate and that of used dwellings fell by 18.2%.
14.9% of the foreclosures initiated on dwellings in the fourth quarter corresponded to mortgages constituted in 2007, 14.7% to mortgages constituted in 2006 and 14.3% to mortgages constituted in 2008.
The 2005-2008 period accounted for 52.8% of foreclosures initiated in this quarter.
Percentage
The Autonomous Communities with the greatest number of foreclosures certifications on the total number of properties were Andalucía (1,166), Cataluña (1,056) and Comunitat Valenciana (893). In turn, Comunidad Foral de Navarra (25), Cantabria (40) and La Rioja (59) registered the smallest numbers.
In the case of dwellings, Andalucía (806), Cataluña (669) and Comunitat Valenciana (659) registered the greatest number of foreclosures. The lowest numbers were in Comunidad Foral de Navarra (20), Cantabria and La Rioja (25 in both).
The total number of registrations of certifications for foreclosures initiated in 2023 was 19,270, 26.7% fewer than in 2022.
Of the 11,285 dwellings of natural persons with foreclosures, 9,248 were owned permanent dwellings (21.0% less than in 2022). Meanwhile, 2,037 were non-permanent dwellings of their owners (22.5% less).
1 These include premises, garages, offices, storerooms, warehouses, buildings assigned to dwellings, other buildings and urban uses.
8.9% of the foreclosures on dwellings in 2023 were on new dwellings and 91.1% were on used dwellings.
The number of foreclosures on new dwellings decreased by 44.7% compared to the previous year, while that of used dwellings fell by 20.9%.
In 2023, 15.1% of the foreclosures initiated on dwellings corresponded to mortgages constituted in 2007, 14.5% to mortgages constituted in 2006 and 10.3% to mortgages constituted in 2008.
The 2005-2008 period accounted for 49.8% of the foreclosures initiated in 2023.
The data published today are provisional and will be reviewed when the data for the same period next year are published. All results of this operation are available on INEBase.
The Foreclosure statistics provide information on foreclosure certifications initiated and registered in the Land Registers during the reference quarter, relating to all rural and urban properties. The results are broken down on the basis of various variables such as the nature of the property, regime, state and owner of the dwellings with a foreclosure initiated.
The information on foreclosure certifications is obtained from the data contained in the Land Registries of the entire national territory. The Association of Land and Mercantile Registrars of Spain (CORPME) provides centralised information to the INE.
Type of survey: quarterly continuous survey.
Population scope: registration of foreclosure certifications that are initiated and registered in the land registries.
Geographical scope: the entire national territory and Autonomous Communities.
Reference period of the results: the calendar quarter.
Reference period of the information: the calendar quarter.
Classification: rural and urban properties (dwellings, plots and other urban). Households of natural persons, legal entities, primary and other residences.
Collection method: administrative registers from the Association of Land and Mercantile Registrars of Spain.
More information on the methodology and the standardised methodological report.
INE statistics are produced in accordance with the Code of Good Practice for European Statistics. More information at Quality at INE and Code of Best Practices.
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