Bank foreclosures

This topic contains 3 replies, has 3 voices, and was last updated by Profile photo of Fuengi (Andrew) Fuengi (Andrew) 5 years ago.

  • Author
  • #56908
    Profile photo of katy

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

  • #110241
    Profile photo of angie

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

  • #110246
    Profile photo of katy

    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
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)

    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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