Home > Government, Money, News of the moment > 184 Spaniards a day kicked out of their homes.

184 Spaniards a day kicked out of their homes.

By Steve Tallantyre  28th March 2014.                 Find Article Here:-

Evictions Report for 2013.

184 Spaniards a day kicked out of their homes

A Spanish law leaves many homeowners liable for mortgage payments even after losing their properties. Photo: Petro Armestre/AFP
The full scope of Spain’s evictions epidemic has been revealed in figures from the General Council of the Judiciary which show that 67,189 people lost their homes in 2013.

An average of 184 Spanish people were evicted from their homes every day last year after failing to keep up with their mortgage payments or falling foul of the Tenancies Act.

It is the first time that eviction figures from the Statistics Section of the Judiciary have been published, according to Spanish daily El Pais.

Most evictions took place in Catalonia (23.8 percent) followed by Valencia (14.6 percent), Andalucia (13.8 percent) and Madrid (13 percent).

But the total number of open cases of home foreclosures was put at 82,650 – down 9.8 percent from 2012.

This was explained as being the result of new legislation passed in 2013 which gave judges discretionary powers to stop evictions if they believe that any of the clauses in the mortgage contract are “abusive”.

Despite this, the Bank of Spain released figures in January which showed that the eviction rate had accelerated in the first half of 2013.

Spain’s high unemployment rate has left many people across the country unable to pay their mortgages.

The repossession of homes by banks has become a huge social issue, resulting in mass protests and demonstrations.

Many campaigners have demanded changes to the Spanish law which leaves many homeowners liable for mortgage payments even after losing their properties.

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: