Municipal Renovation Office (ORM)

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.

The Municipal Renovation Office (ORM) is a specific renovation office with necessary material and human resources to inform, disseminate and process renovation aids. The ORM was born from the transversal collaboration between the Municipal Institute of Housing and Rehabilitation of Barcelona (IMHAB) and the City's Development department, under the call of the Barcelona Housing Consortium (CHB).

In this office you can manage and process any aids related to refurbishment, also available to apply online. As the Refurbishment Grants at the Building level, with the European Next Generation funds, earmarked for actions in the common elements of residential buildings to improve efficiency and energy saving; renovation in general.

These grants come from the Barcelona City Council, the Barcelona Housing Consortium (CHB), and other official bodies, and are complemented by the opening of a call for renovation grants from the European Next Generation funds.

In addition, it is a meeting, relationship and dialogue space with the different kind of agents and professionals in this area, such as the associations of architects and quantity surveyors (collaborating agents in the processing of the line of building aids, according to the AHC Agreement and Professional Associations).

The ORM'S winter timetable (from October to May) is:
From Monday to Friday from 8:30 a.m. to 2:30 p.m.
Thursday from 8:30 a.m. to 6:30 p.m.

The ORM's summer timetable (from June to September) is:
From Monday to Friday from 8:30 a.m. to 2:30 p.m.

The Municipal Rehabilitation Office (ORM) is located at Pujades Street, number 350, in Barcelona. You can contact the City Council through the online service to request more information about the grants, as well as to request an appointment to be attended in person at the office.

Request more information on renovation grants HERE

Request an appointment at ORM HERE

Additional Resources

Check out the Renovation Aids