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Friday, May 09, 2025

Increase in Evictions and Foreclosures in Spain: 2024 Statistics

Increase in Evictions and Foreclosures in Spain: 2024 Statistics

A report reveals a 3.4% rise in evictions and significant increases in foreclosures across various regions.
In 2024, a total of 27,564 evictions were recorded in Spain, marking an increase of 3.4% compared to the previous year, as indicated by a report released by the Council General of the Judiciary (CGPJ).

Of these, 74.6% (approximately 20,558) were due to procedures arising from the Urban Lease Law (LAU), while another 5,073 (18.4%) resulted from mortgage executions.

The remaining 1,933 evictions were attributed to other causes.

Evictions due to rental payment defaults saw a year-on-year increase of 4.5%, while those stemming from mortgage executions decreased by 3.6%.

Regionally, Catalonia led the way with 7,381 evictions, accounting for 26.8% of the national total.

Following Catalonia were Andalusia with 4,027, the Community of Valencia with 3,610, and Madrid with 2,375.

In terms of evictions due to LAU procedures, Catalonia again topped the list with 5,539.

It was followed by Andalusia with 2,712, the Community of Valencia with 2,517, and Madrid with 2,317.

In cases related to mortgage executions, Catalonia had the highest number of 1,121, followed by Andalusia with 994, the Community of Valencia with 915, and Murcia with 423.

Additionally, the data from CGPJ reflected a significant uptick in mortgage executions, as 23,164 were initiated in 2024, representing an 18.3% increase compared to the previous year.

In absolute terms, Andalusia had the highest number of mortgage executions at 5,519, followed by Catalonia (4,491), the Community of Valencia (3,403), Madrid (2,204), and Murcia (1,229).

When examining the number of mortgage executions per 100,000 inhabitants, Murcia had the highest rate at 78. It was followed by the Community of Valencia with 63.5, Andalusia with 62.7, Catalonia with 55.7, and Castilla-La Mancha with 53.2.

Since the third quarter of 2018, the CGPJ has been collecting statistical data on summary possession actions related to illegal occupancy of housing for cases involving private individuals, non-profit organizations, or public entities holding social housing.

In 2024, there were 2,309 such actions, reflecting a year-on-year increase of 1.8%.

The regions with the highest number of illegal occupancy cases included Catalonia with 463 (20.05% of the national total), Andalusia with 449, the Community of Valencia with 391, and Madrid with 186.

The report also revealed a sharp increase in bankruptcy proceedings, which surged by 35.5% to a total of 57,607 reported cases in 2024. Among these, bankruptcies initiated by individuals without business activity saw a significant rise of 46.8%, representing 85% of the total.

Legal entities accounted for 9.7% of the total, reaching 5,568 cases, while there was a decrease of 17.2% in cases filed by business individuals.

In 2024, the region with the most bankruptcy filings was Catalonia, with 14,034, followed by Madrid with 9,237, Andalusia with 8,791, and the Community of Valencia with 7,117.

Furthermore, Catalonia also recorded the highest rate of business bankruptcies at 2,959, accounting for 34.2% of the national total.

Demands for termination of employment contracts in social courts increased by 13.8% in 2024, with Catalonia again leading with 30,804 cases, which constituted 19.3% of the national total.

The overall claims registered in social courts amounted to 137,070, representing a 6.1% increase from the previous year.

Claims submitted by individual individuals were also on the rise, along with a 7.7% increase in monitoring processes, indicating a growing economic strain affecting various segments of the population.

In summary, the reported statistics from the CGPJ demonstrate a concerning trend in Spain regarding evictions, mortgage executions, bankruptcies, and employment-related claims during 2024.
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