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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.

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.

21/11/2024 - 14:09

Participatory process under way for the new Housing Plan

Housing. The initiatives implemented in recent years will be assessed and proposals made for guiding municipal police over the next...

21/11/2024 - 09:37

Barcelona embraces innovation in public housing with the WikiHousing project for affordable rentals for young people

Housing. This is a pioneering collaborative project in the city, supported by the Council, to promote social housing for young people...

20/11/2024 - 12:23

The Pla Viure advances with an internal technical meeting

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18/11/2024 - 12:41

All the details of the WikiHousing project for social housing, at a conference on innovation in construction

Housing. This is a pioneering collaborative project in the city, supported by the City Council. The presentation will take place this...

14/11/2024 - 18:39

Keys handed over for 76 new homes with social rents in Provençals de Poblenou

Housing. The project also includes 60 flats with services for the elderly, to be handed over soon.

11/11/2024 - 13:49

Industrialised housing and the IMHAB community welfare service, present at the Mediterranean Real Estate Exhibition in Malaga

Housing. The IMHAB has highlighted the example of Barcelona in the use of industrialisation in the construction of public housing, as...

Windows in blocks of flats in the neighbourhood of La Marina del Prat Vermell, in the presentation of new aspects in the promotion of protected housing

11/11/2024 - 10:54

Jaume Collboni and Nadia Calviño agree to strengthen the institutional alliance to continue promoting public housing in Barcelona

Housing. After the meeting, the Mayor and the President of the European Investment Bank visited the public housing development for...

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