Bank foreclosures

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    • #56908
      katy
      Blocked

      Spanish banks take possession of 6 properties each day in Málaga city.

      http://www.diariosur.es/v/20120708/malaga/bancos-quedan-seis-viviendas-20120708.html

    • #110241
      angie
      Blocked

      I think even with my numeracy 😆 katy that is 2190 per annum and just in one City, makes you wonder doesn’t it? 🙄

    • #110246
      katy
      Blocked

      Makes you wonder how it distorts the property sales stats too. When a bank takes over a property it is counted as a sale 😆

    • #110265
      Fuengi (Andrew)
      Participant

      2 points.
      1. the banks have received 620 requests for bank reposessions which is the equivalent of 6 properties are day (week days). This does not mean they have been reposessed, not that 6 a day are taken over by the bank.
      2. the malaga courts cover an area far larger than malaga city.

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