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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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Building work on 2,400 public homes gets back under way

Building work on 2,400 public homes gets back under way

02/06/2020 - 19:19

Housing. 83% of the homes will have affordable rents and be for use by the elderly, young people and others affected by urban changes.

Barcelona will have nearly 2,400 public flats under construction over the next few months, 83% of which will be for rent by elderly people, young people or others affected by urban changes. The projects represent a municipal investment of 310 million euros, much of which comes from European public bank loans, to facilitate access to decent housing for more than 6,000 people.

The City Council, via the Municipal Institute of Housing and Renovation, has started work again on 15 public housing developments which were halted to avoid the spread of Covid-19. At the same time, administrative procedures are also under way again to start 19 other projects, along with another block of temporary APROP local accommodation in Les Glòries.

The projects account for 2,399 public homes in total, 625 of which were already in the construction stage. In addition, invitations to tender will also be published for 1,732 conventional flats and the tendering process prepared for 42 temporary flats (APROP) in the district of Sant Martí.

This package of public housing will enable 6,012 people to access homes with affordable rents, at the same time directly or indirectly generating at least 8,400 jobs.

Details on the different housing projects can be found here.

 

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