Bank Repossessions in Spain

By Raymundo Larraín Nesbitt

Lawyer - Lawyer

February 21, 2014

The number of recoveries of homes in Spain has skyrocketed to unprecedented levels according to the latest figures from the Bank of Spain. Conservative sources estimate the figure at more than 250,000 recoveries since the housing market collapsed in 2007. The real number may be higher. This swell, in turn, has generated and exacerbated other phenomena as a new generation of middle-class squatters in Spain.

The government, in a denial mode, affirms that it has been overwhelmed and even taken by surprise after rec