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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 and Energy Advice Points (PAE) continue to operate by phone and online to help prevent the spread of Covid-19. Check how to access services here.

Extraordinary contribution of 2.5 million euros for rent payments

21/05/2020 - 18:47

Housing. The Mayor has called for councils to be able to use their accumulated budget surplus to mitigate the effects of the crisis.

Guaranteeing the right to housing for those who are most vulnerable is a municipal priority which is more current than ever during the Covid-19 crisis. That’s why an extraordinary municipal contribution of 2.5 million euros has been announced to top up state aid for the payment of rents. The Mayor, Ada Colau, has also proposed a national agreement on the right to housing and reminded the Spanish government that city councils need more funding and resources in this sphere.

The Mayor, Ada Colau, has written to the Spanish Prime Minister, Pedro Sánchez, calling for a national agreement to protect and guarantee the right to housing. Colau also pointed to the need to amend the law on budgetary stability and financial sustainability so that councils can use their accumulated budget surplus to mitigate the effects of the social and economic crisis generated by Covid-19.

The letter from the Mayor was accompanied by a document with specific proposals on housing, calling on the central government:

  • To extend the suspension of evictions and extend rent contracts by a further six months in both cases.
  • To reduce VAT for new protected housing developments.
  • To make mediation obligatory at the start of eviction processes.
  • To make it easier for administrations to purchase housing at below-market prices.
  • For owners of multiple properties to make some of them available for affordable rent schemes.

 

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