MADRID, 5 Dic. (EUROPA PRESS) -

The number of foreclosures on habitual residences stood at 2,022 in the third quarter of the year, a figure that is the lowest since the third quarter of 2020 and which represents a decrease of 13.8% compared to the same period of 2021 and 36 .1% in relation to the previous quarter.

It is the second decrease registered in foreclosures on habitual residence after seven quarters of increases, according to the foreclosure statistics published this Monday by the National Institute of Statistics (INE).

The main objective of this statistic is to offer, on a quarterly basis, the number of foreclosure certifications initiated and registered in the Property Registries during the reference quarter. Statistics reminds that not all foreclosures end with the release (eviction) of their owners.

In the third quarter of this year, 4,105 foreclosures were initiated, 38.3% less than in the same period of 2021 and 42.3% less compared to the second quarter of 2022. Of these, 3,917 affected urban farms (where include homes) and 188 to rustic farms.

Foreclosures on urban properties fell 37.3% year-on-year in the third quarter and 41.7% in relation to the previous quarter. Within urban farms, 2,884 executions corresponded to homes, 29.9% less than in the third quarter of 2021 and 37.2% less compared to the previous quarter.