Economy

Demeter

(85,373 posts)

7. Almost 100 families evicted daily in Spain

Fri Mar 6, 2015, 09:29 PM

Mar 2015

http://rt.com/news/238349-spain-families-lose-homes/

At least 95 families were evicted every day in Spain in 2014, fresh statistics say as Spaniards struggle to meet mortgage payments. Home foreclosures have become a stark symbol of the 7-year economic crisis, with 2014 seeing a further rise in numbers. The number of foreclosures on all types of residences, including holiday homes, offices and farms, reached 119,442 last year, almost 10 percent higher than in 2013, according to data from the National Statistics Institute.

Foreclosure procedures on main residences rose to 34,680 families in 2014, an increase of 7.4 percent over the previous year. Andalusia, Catalonia and Valencia were the worst-affected regions.

Evictions have become a symbol of the economic crisis Spain has been struggling with since 2008. Most of them were connected to mortgages taken out during property booms in 2006 and 2007.

The situation has provoked nationwide protest....PODEMOS! MORE AT LINK

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