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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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Barcelona City Council presents the requirements for the open competition to build three affordable rental developments

Barcelona City Council presents the requirements for the open competition to build three affordable rental developments

24/01/2025 - 09:34

Housing. Companies interested in the project were able to obtain information and clear up doubts about the terms of the open competition to build and manage 350 social housing units on municipal land.

A large number of companies have already shown interest in the new tender for the construction of 350 affordable rental homes launched by Barcelona City Council through the Municipal Institute of Housing and Renovation (IMHAB), which is currently in the submission phase.

Representatives of interested entities attended the information session held this Thursday morning at the IMHAB offices and were able to clear up any doubts about the conditions of the public tender, which aims to build and manage these public homes for 75 years. The new flats will be built on three plots of land in the districts of Sants-Montjuïc and Sant Martí (2-4 Acer Street, 17-27 Ascó Street and 355-363 Llull Street).

Legal and technical representatives from IMHAB have presented the most important aspects of the specifications and the procurement process, highlighting the points of greatest interest.

During the meeting, the basic issues of the project were reviewed, such as the purpose of the contract, the requirements for participation, the evaluation and selection criteria, the conditions for awarding and formalising the contract, etc.

The meeting was also used to address some of the more specific concerns of potential bidders. Questions were asked about the economic conditions and also about more technical issues, such as the volume requirements of the buildings to be constructed on the three plots.

This is not the only communication channel for interested companies. All the questions submitted in writing by the entities via the Public Procurement Services Platform will be answered and published on the notice board of the tender announcement.

Pla Viure

This new tender is a step forward and an example of the City Council’s firm commitment to guaranteeing the right to adequate housing. The measure is part of the principle of co-responsibility promoted by Pla Viure, the new municipal strategic plan that coordinates and optimises housing policies. This roadmap works with and for everyone to guarantee the right to housing, with an approach based on sustainability and the well-being of citizens.

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