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 and Energy Advice Points (PAE) continue to operate by phone and online to help prevent the spread of Covid-19. Check how to access services here.

Extraordinary contribution of 2.5 million euros for rent payments

21/05/2020 - 18:47

Housing. The Mayor has called for councils to be able to use their accumulated budget surplus to mitigate the effects of the crisis.

New contact number and e-mail addresses for managing incidents and queries related with energy rights

20/05/2020 - 11:12

Habitatge. The PAE switchboard will be operative from Monday to Friday from 9.00 to 14.00

The Metropolitan Housing Observatory promotes a survey to analyse how Covid-19 affects the housing sector with the support of the City Council

06/05/2020 - 18:02

Habitatge. The survey has the collaboration of the Architects’ Association of Catalonia and the support of the housing areas of the...

Electricity, water and gas are basic rights, during confinement too

08/04/2020 - 17:25

Habitatge. If you have an energy emergency situation or need advice on energy saving, you can contact us by phone or online.

19/01/2016 - 18:38

A new unit is set up to take preventative action against evictions

Housing. The unit will be made up of a team of 13 professionals to negotiate with owners and coordinate the municipal services...

29/12/2015 - 13:05

Full Council freezes property tax on 98% of Barcelona homes

Municipal. The new tax by-laws for 2016 received the support of the Barcelona en Comú, ERC, PSC and CUP municipal groups.

16/12/2015 - 12:04

Barcelona gains the use of 200 empty flats from SAREB for social emergencies

Housing. This is the first time SAREB has signed an agreement with a municipal council. The deal also includes immediate access to 50...

Share this content