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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.

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.​

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New boost for the non-profit housing alliance

New boost for the non-profit housing alliance

14/12/2021 - 15:54

Housing. Two more sites and a municipal building of 203 flats are included in the agreement signed with this sector.

Two more sites and a municipal building with 203 flats are to be included in the agreement signed with social foundations and housing cooperatives at the end of 2020, anticipating the construction of a thousand flats, with 60% for rent and 40% for cohousing projects.

This new addition will mean another 203 affordable homes as from 2023, on top of the eleven housing projects for 364 flats already assigned to the organisations and currently in different preparatory stages such as project drafting or applying for permits.

Specifically, the three new developments are:

  • Casernes de Sant Andreu, Passeig de Torras i Bages, 126-128: cohousing project for 80 homes by a cooperative.
  • Mont-ral, 37 and 39, and Doctor Letamendi, 99 and 103: promotion of 38 rental homes by a foundation. These are buildings acquired by the City Council early in 2021 to halt speculative processes where there is a long history of non-compliance on maintenance obligations by the previous owners.
  • Bolívia, 23-27: development of 85 open homes by foundations and rental cooperatives.

The agreement allows for the promotion of protected rental homes and strengthens social housing foundations and housing cooperatives, as well as diversifying the range of stakeholders in the housing and property sector and adding to the pool of protected housing through construction and renovation.

 

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