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.​

World Habitat Day 2024 focuses on engaging young people in sustainable urbanisation

07/10/2024 - 13:54

Housing. World Habitat Day is celebrated every year on the first Monday in October. This year, the focus was on the relationship between young people and the creation of sustainable cities and communities.

In 1985, the United Nations General Assembly established the celebration of World Habitat Day on the first Monday of October each year to reflect on the state of our cities and to demand the basic right to adequate housing.

According to UN-Habitat, the United Nations Human Settlements Programme, more than half of the world’s population currently lives in urban areas, a percentage that could rise to 70% by 2050, with growth concentrated in Latin America, Asia and Africa.

To understand the importance of cities in the world, figures show that they generate more than 80% of global GDP, and the highest levels of urbanisation generally correlate with higher GDP per capita. Cities are centres of economic growth and development, but they also face demographic, environmental, economic and social challenges, such as the housing crisis.

World Habitat Day 2024

This year, World Habitat Day is celebrated on 7 October under the theme ‘Engaging youth to create a better urban future’. This theme aims to focus on involving young people in planning their future in urban planning through participatory processes and local leadership opportunities. Today, the world is rapidly urbanising and many urban dwellers are young (especially in Africa and Asia).

It also focuses on the eleventh Sustainable Development Goal: making cities and human settlements inclusive, safe, resilient and sustainable.

Youth and the housing problem in Barcelona

In our city, young people have serious difficulties in accessing decent housing, especially due to the high prices on the market, whether for purchase or rental (in the first quarter of 2024, the average rental price in the city was €1,193). As a result of this problem, 66% of young people aged 18 to 34 were living at family home in 2022, an increase of 13 points compared to 2008, the year the financial crisis began.

In order to reverse this situation, Barcelona City Council is promoting social housing for young people, such as the one at 22 Binèfar Street, which has already been handed over to its new occupants. The building has 24 flats and a ground floor for facilities, and the people who will live there will pay a rent of between 415 and 515 euros per month, depending on the size of the apartment.