Tanca Tanca

Housing Glossary

You will find information here on all topics relating to housing in Barcelona

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Accrued interest

The interest applied as a penalisation when the debtor does not comply with repayment obligations. The amount must be established in the contract.

Active supermortgage

This allows the client to choose their loan's benchmark index (MIBOR at three months, six months or a year) so that payment can benefit from lower interest rates sooner.

Adaptable instalment

Characteristic of UCI superloans that allow the borrower to not pay one instalment a year for the first three years if there are problems due to holidays, extraordinary expenses, etc.

Advanced cancellation fee

A commission arising from the financial risk involved in the advanced cancellation of an operation. The applied commission compensates the financial institution for its financial losses.

AEDE

Direct state aid for paying the deposit on a property.

Affordable housing

Group of social housing or dwellings from social renovation projects that are sold or rented at below-market prices.

Affordable rent

The cost of renting these dwellings is below market prices after being included in operations concerning the rented flat pool, social renovation or social housing promotions.

Amortisation

Payment made to repay a loan.

Amortisation period

The duration of the loan. The contract establishes the date of the first and last payments. The longer the period, the lower the payments are, but the higher the interest. You therefore pay more in the end. The monthly instalment should not exceed 35% of your net income.

API

Estate agent. A qualified professional who acts as an intermediary between the two interested parties to facilitate the signing of a real estate contract, which can be a rental agreement, a sales agreement or another similar contract. They usually charge a percentage of the sales price as compensation or commission.

Applicant

A citizen who makes a registration application to the Barcelona Social Housing Applicants Registry, and who represents the other members of the dwelling unit included in the application.

APR

Annual Equivalent Rate. Effective annual cost of the mortgage in terms of interest, commissions and the repayment period. To compare loans, it is not enough to just look at the lowest APR, you also have to compare the conditions, the repayment period and the distribution of instalment payments.

Arbitri municipal de plusvàlua

Former denomination of the capital gains tax on landed property.

Assessment

The value of a dwelling certified by a specialised assessment company, in accordance with the mortgage market law. This certificate not only indicates the real value of the property, it also serves as a reference for obtaining the necessary financing.

Authorisation

Document in which the owner authorises the tenant to carry out building work in the dwelling's interior.

Close glossary

Housing offices only offer face-to-face assistance by prior appointment, so check out the “Housing calls you” service here to receive the most appropriate personalised assistance. If you also need assistance in energy rights, book an appointment with an energy-advice point (PAE) by clicking here. On the other hand, if you reside in an IMHAB public dwelling you can consult our contact, management and processing channels here.​

The final list of social organizations set to receive ten public housing units for vulnerable groups has been published

11/04/2024 - 10:15

Housing. The Barcelona Housing Consortium has definitively decided to allocate ten flats to social organisations for inclusive housing for people in vulnerable situations.

The Barcelona Housing Consortium (CHB) has published the final list of entities that have been awarded public housing for use in inclusive housing initiatives. A total of 35 entities were selected, of which 10 were awarded for their proposals and 25 were placed on the waiting list.

The allocation process has been carried out in accordance with point 7.7 of the Regulatory Guidelines and the housing units have been allocated to the entities with the highest scores in each of the nine collective typologies listed. The same criterion was applied to the units on the waiting list.

The list includes the first housing units proposed by the entities, and if the waiting list is exhausted, a new list will be created with the second housing units.

In order to continue in the allocation process, the necessary requirements must continue to be met until the agreement or contract is formalised by the delivery of the specific allocated housing unit. Failure to meet these requirements will result in the exclusion of the applicant entity.

The duration of the agreement or contract will be for a minimum of three years, in accordance with the relevant regulations, and may be renewed on a case-by-case basis.

Public housing for vulnerable groups

The awardees are private, not-for-profit and social initiative organisations serving people with health needs, homeless people, people with mental health problems, people facing housing exclusion and other vulnerable groups.

The flats range in size from 40 m² to 90 m² and have one, two or three bedrooms.