Number of foreclosures down by 30 pct

The number of court foreclosures registered in the Czech Republic dropped by over 30 percent in the first six months of this year to 320,000, the Czech Bailiffs’ Association said. The head of the association said the drop was caused by better public awareness and changes to the legislation. In 2012, the number of foreclosures dropped by 13 percent compared to the previous year despite a sudden rise in foreclosure filings in early 2012 over new legislation that came into force in March, the association said.

Author: Jan Richter