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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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First proceedings to impose fines for not allocating housing for official protection

First proceedings to impose fines for not allocating housing for official protection

20/12/2022 - 16:23

Housing. The three cases are major renovation projects in L’Eixample which could have contravened the 30% allocation of homes with official protection.

Proceedings have been brought against three large housing renovation projects in L’Eixample for non-compliance with the regulations to allocate 30% of flats for official protection. The infringement could result in fines of between 400,000 and 600,000 euros in each case, depending on the built surface space, and exclusion from participating in projects for housing with official protection (HPO) for the next one to three years.

The three large renovation projects are in the streets of Comte Borrell, Los Castillejos and Muntaner. Between them they were meant to include ten homes with official protection. In each case the administrative procedure was for successive minor work permits instead of an application for the correct permit, which would only have been given if the application had contemplated the allocation of HPO.

Act 18/2007 on the right to housing establishes that non-compliance with the allocation of protected housing in urban planning (in this case 30%) is a severe infringement, with fines of between 90,000 and 900,000 euros.

More cases detected and first rectifications

The proceedings brought now are the first of seventeen cases of non-compliance detected by municipal inspection teams, bringing to seventy the number of officially protected homes not contributed to the city. A further six cases are expected to be brought soon.

Municipal inspections and warnings have meant that in two of the seventeen cases the developers have started applications for major renovation permits, offering the corresponding quota of homes for official protection. With the rest, once their cases have been analysed by the Discipline and Anti-Mobbing Unit at the Municipal Institute for Housing and Renovation, new proceedings will be brought where appropriate, under Act 18/2007 on the right to housing.

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