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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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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.

First meeting of the Council's Research Commission on the Regulation of Rents to take place on 10th March

05/03/2020 - 16:16

Habitatge. Political representatives, social stakeholders and experts will be taking part and the session can be followed via video streaming

Next Tuesday, 10th March, at 4 pm, the first session of the Research Commission on the regulation of rents in Barcelona will be held. The Commission has been created to study the application and repercussions that the regulation of housing rental contract prices will have both in the city of Barcelona and in the metropolitan area. The aim is to promote and achieve effective implementation of this regulation in the city.

The Commission will be formed by two councillors from each of the council groups, with Eva Baró Ramos, a councillor of the ERC Municipal Group, as President, and Lucía Martín, the Councillor for Housing and Rehabilitation, as Vice-President. In this first session, the situation and the policies of access to housing in Barcelona, the Metropolitan Area and other global cities, will be discussed. In order to do so, experts and social stakeholders have been invited to present their points of view. Taking part will be the Vice-President of the Associació de Promotors de Catalunya (Association of Developers of Catalonia), Elena Massot; the President of the Cambra de la Propietat Urbana de Barcelona (Chamber of Urban Property of Barcelona), Joan Ràfols i Esteve; the President of the Associació de Gestors de Polítiques Socials d’Habitatge de Catalunya (Association of Social Housing Policy Managers of Catalonia), Lídia Guillén; the president of the Observatori Metropolità de l’Habitatge (Metropolitan Observatory of Housing), Carme Trilla; the housing specialist from Observatory DESC, Guillem Domingo; the Secretary General of Housing Europe, Sorcha Edwards; and the Professor of Architecture at the UPC (Polytechnic University of Catalonia), Pilar García Almirall. The session can be watched via video stream on this link.

Regulation of rents, a commitment with a long history

The Commission grew out of proposal by ERC council group, but Barcelona City Council has been talking about the need to regulate rents for a long time. In fact, this was one of the commitments Mayor Ada Colau made at the beginning of her tenure in 2015. Now it has become a reality with this non-permanent commission that will meet periodically over the next five months. The commission, which will automatically end once the report of its conclusions has been drafted, will bring together the contributions and points of view made in the various working sessions.

Over these five months, the topics covered by the Research Commission on the Regulation of Rents will be as follows:

– The current situation and policies of housing access in the city of Barcelona, in the Metropolitan Area and in other global cities.

-International experiences of rent regulation.

-The competency framework and potential scenarios for regulation.

-The social, economic and developmental impacts of rental price regulation in Barcelona and the Barcelona Metropolitan Area.

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