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 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.​

Renovating is caring with NextGen funds: now is the time!

16/07/2024 - 15:39

Housing. Barcelona City Council is promoting the renovation of buildings and homes with the financial support of the European Union. The aim is to improve energy efficiency, health and well-being.

86.7% of the buildings in the city of Barcelona, around 53,100, were built before 1982, before the implementation of the different energy regulations, and therefore do not comply with the insulation standard established by the current legislation.

The European Union’s strategy is to reduce greenhouse gas emissions by 55% before 2030 and to achieve climate neutrality by 2050. To help achieve these goals, the EU is providing citizens with Next Generation Funds to help renovate, adapt and improve homes and buildings.

Barcelona wants to be at the forefront of the transformation of European cities in the fight against climate change, and one of the key points of its housing policy is to have a sustainable and energy-efficient housing stock. For this reason, it is launching the ‘Renovating is caring with Next Generation funds’ campaign to promote the renovation of homes and buildings for health, savings and comfort.

Why renovating is caring?

An efficient home is more resilient to heat and cold waves, which increases the comfort of the home, improves personal well-being, reduces energy bills (thus preventing fuel poverty) and increases the value of the property.

In addition to the personal benefits, you will also be helping to rebuild a greener and more ecological city and boosting the local economy (by employing professionals in the sector).

Why is now the time?

Because the European Union is offering a unique opportunity, thanks to grant that has never been offered before and that has very advantageous conditions:

  • It can cover up to 80% of your renovation project.
  • For people who are socially vulnerable, there are incentives for 100% of the renovation costs.

These funds are aimed at neighbours who own a home in Barcelona, usufructuaries and vertical physical or legal property.

The four types of grants

  • At the private level, you can apply for help to carry out renovation work in your usual home. If you are a homeowner, this line of grant offers you financial help to carry out energy efficiency measures, such as changing doors, windows or air conditioning systems, to replace fossil fuels with renewable energies or biomass.
  • You can also persuade the community of neighbours to take action on common elements of the building (whether it is an apartment building or a single-family house, a first or second home, or an empty building) that will make it possible to improve efficiency and save energy. In this case, it will be necessary to demonstrate the reduction of non-renewable primary energy consumption and energy demand.
  • The Building and Projects Book is a technical study that includes the characteristics of the building, as well as instructions for use and maintenance to prolong its useful life and avoid deterioration. The aid covers part of the costs of fees and the implementation of comprehensive building renovation projects.
  • Finally, there is a grant for the renovation of neighbourhoods, aimed at the renovation of residential buildings with energy efficiency criteria. These subsidies are part of an institutional intervention plan in the city’s most vulnerable neighbourhoods.