Spain main-residence foreclosures hit 9-year high in Q2 2026

Foreclosures on primary residences in Spain reached 3,703 in Q2 2026, up 10.3% quarter-on-quarter and 27.5% year-on-year, the highest level in nine years. The data signals sustained household financial stress, likely driven by high interest rates and weak wage growth, and may weigh on Spanish banks' asset quality and consumer confidence.