From January 1 to June 30, 2023, 59,816 housing units were auctioned, averaging 332 properties per day, including Saturdays and Sundays. Real estate transactions resulted in the sale of 76.82% of these, or 45,951. Expropriations for insolvency proceedings (primarily bankruptcies, but also compositions with creditors, debt restructuring, compulsory administrative liquidations, and over-indebtedness crises) account for an additional 20.11%, while the remaining 3.07% of the real estate units are subject to civil litigation. The photograph is from a report by the "Save Your Home" observatory based on data processed by Nomisma and provided by QBT - Reviva. The potential delayed effects of high interest rates and the ongoing consumer crisis may become even more apparent in the coming months. According to the study, the average time between a default and the registration of the applicable enforcement procedure is two years. Auctions are expected to increase in 2024, with a total of 160,000 to 180,000 auctions (up 12% from 2023).
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