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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.

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Air pollution in the city down by more than 30%

20/12/2022 - 15:01

Environment and sustainability. Confirmation of the effectiveness of the urban planning and mobility measures implemented since 2015.

Measures introduced since 2015 to boost sustainable mobility and cut the number of vehicles generating emissions have led to better air quality and a 31% reduction in air pollution. The growth of the bike lane network, the rollout of the superblock project, the switch to electric vehicles for the municipal fleet and the implementation of the low emission zone have demonstrated the effectiveness of a model which prioritises people’s health and environmental sustainability.

Data collected from air quality monitoring stations in the last eight years show a steady drop in NO2 emissions. These measuring points making up Catalonia’s air-quality monitoring network are managed in the city by the Barcelona Public Health Agency (ASPB) and can be consulted online on the Barcelona air quality map.

The stations are located at strategic points which represent the areas with the highest volumes of traffic (traffic stations) and the areas with the lowest intensity of traffic (general stations). A reduction in air pollution has been observed in both cases:

  • Traffic stations: NO2 emissions averaged 55 points in 2015, while this year’s figure puts them 28 points, a drop of 31%.
  • General stations: NO2 emissions at these stations averaged 38 points in 2015, while this year’s figure puts then at 25 points, a drop of 34%.

A healthier and more sustainable city model

The improvement in air quality comes after the city embraced measures to change its urban planning and mobility model. The reduction in the last eight years is not the result of one specific measure, but rather a set of coordinated steps with common goals.

A key factor in promoting sustainable mobility has been the new orthogonal bus network and the expansion of the metro network as far as La Marina. The growth in the bike lane network has seen this reach 240 kilometres in all, resulting in 56% more bike journeys and over 58,000 new routes.

The changes to the urban environment have also helped incentivise journeys on foot, with more friendly streets and more space for pedestrians. The implementation of the Barcelona Superblock and the “Protecting Schools” programme have transformed key spaces for neighbourhood life, with significant improvements in health and air quality thanks to the reduction in traffic.

The activation of the Low Emission Zone (LEZ) has meant a reduction of 600,000 journeys by vehicles which pollute the most. The gradual switch to electric vehicles for the municipal fleet of the City Police and cleaning and waste collection vehicles has also helped cut pollutant emissions.

The Covid-19 crisis has changed the dynamics of some jobs, with the implementation of teleworking maintained since the return to normality. Estimates put the percentage of the population teleworking before the pandemic at 4%. The forecast is for that figure to double, with a stable teleworking population of up to 8%.