The latest figures from Spain’s National Statistics Institute (INE) show that mortgage foreclosures increased in the second quarter of 2025 compared to last year, though still far below the levels seen a decade ago.
Across Spain, there were 4,133 foreclosures in Q2, up 25% from 3,225 in the same quarter of 2024. Even so, the number remains a fraction of the 19,246 recorded in 2014, when the aftermath of the financial crisis was still biting.
By region, Andalusia topped the table with 948 foreclosures, followed by Catalonia (820), the Valencian Community (782), and Madrid (351). The Canaries (199) and Balearics (60) recorded lower totals but still registered increases on last year. Murcia, with 204, also saw an uptick.
The trend suggests that while Spain’s housing market is in an expansive phase, financial distress is still present, particularly in regions with large stocks of mortgaged homes.
