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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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Full Council approves the agreement with the ATM to connect the tram in Av. Diagonal

Full Council approves the agreement with the ATM to connect the tram in Av. Diagonal

23/12/2020 - 13:30

Mobility and transport. The text sets out action, how funding is to be distributed and what management system will be used for the infrastructure.

The Full Council has approved the collaboration agreement with the Metropolitan Transport Authority (ATM) to connect the city’s tram system along Av. Diagonal. The text outlines action, the distribution of investment between administrations and how the new infrastructure must be managed.

The agreement sets out the two stages of work to connect the tram system in Av. Diagonal, between Pl. Glòries and Pl. Francesc Macià, and specifies who must execute the first section between Glòries and Verdaguer.

First stage: Glòries-Verdaguer

The City Council has made a commitment to execute the urban project in Av. Diagonal for this section, with pavements to be widened and a two-way bike lane and extra greenery to be added, along with the Canòpia – Àmbit Tramvia urban project. The City Council has already put both projects through its administrative procedures.

The ATM has made a commitment to fund the infrastructure, the draft project for the new management system and the acquisition of new trams.

Second stage: Verdaguer – Francesc Macià

The text also states that both administrations must draft the projects for the second stage, between Verdaguer and Francesc Macià.

They also reaffirm their wish for the infrastructure to be 100% publicly managed once the current exploitation contracts expire. In the meantime, the commitment is to increase public participation and guarantee that the benefits of improvements in profitability get passed on to the public sphere.

The approval of the agreement with the ATM and the first urban projects is the result of the agreement reached with the ERC.

 

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