2015 will be the year when the Spanish economic growth and it will be marked properly said Spanish Prime Minister Mariano Rajoy, who was optimistic when he speech in a televised on Friday the 26 December and explained that he and the Spanish Government has coming up with that and the economic crisis is over.
Spanish Prime Minister Mariano Rajoy and his government who are trying to claim that the crisis is over can stop that immediately. The Spanish banks taking over of properties where the owners can not pay its interest and repayments are certainly not on the decline.
Cases where owners have not been able to pay off their interest and loans during the third quarter 2014, increased by 10.5 percent compared to the same quarter last year. The banks took over in the third quarter totally 23,240 properties.
Confiscations of property in case of non payment deadlines are one step ahead of forced eviction. Although in some cases that the owner manages to negotiate an agreement with the bank, it is nonetheless an increase of forced evictions.
This means that more and more people is still end up on the street when they can not pay the monthly payments on mortgages. The greatest increase has been seized by primary residence with an increase of 13.5 percent.
25,790 families were in the period from July to September 2014 evicted from their properties Marbella, according to figures from the Spanish courts.
The largest number of evictions took place in Andalusia with 5.771, Catalonia with 4.066 and Valencia with 3.652. At the other end of the scale, where there was the least number of evictions was in Navarra with just 89 and in Cantabria with 151 evictions.
But at the same time, the Spanish banks’ bad debts started to fall and were in October to 12.92 percent.
The proportion of bad debts fell by 0.1 percentage points, compared to September. The sum of the bad debts amounted to 178.4 billion Euros, which is the lowest figure since September 2013.
The decrease is only marginal and it is no sign of impaired loans begins to decline or that the number of evictions of Spanish families from their properties will decrease.
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