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

Europe rewards the housing policies of the Barcelona City Council against gentrification

07/06/2019 - 10:36

The acting Councilor for Housing and Rehabilitation, Josep Maria Montaner, collected in Lyon the European Responsible Housing Award.

The acting Councilor for Housing and Rehabilitation, Josep Maria Montaner, collected on June 6 the European Responsible Housing Award, an award promoted by the European association Housing Europe and the International Tenant Federation in recognition of best practices and the most innovative actions in the field of public housing. In this case, the housing policies carried out by the Municipal Housing Institute of Barcelona (IMHAB) to fight against speculation were rewarded. The municipal action of the Barcelona City Council to combat gentrification has won in the category of “Fair financing for housing sustainability” of these prestigious European awards.

The ceremony took place within the celebration of the second International Social Housing Festival that was held in Lyon with around 4,000 people registered. Montaner remarked that “as a housing activist, Mayor Ada Colau was elected four years ago with the aim of transforming Barcelona’s housing policies starting from nothing, from the absence of housing policies”.

More information in press release from the Press Service of the Barcelona City Council (in Catalan)

Share this content