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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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  3. The City Council and SAREB agree to the transfer of up to 200 homes from the entity for social rental.

The City Council and SAREB agree to the transfer of up to 200 homes from the entity for social rental.

The City Council and SAREB agree to the transfer of up to 200 homes from the entity for social rental.

13/12/2023 - 16:06

The parties signed a new agreement that includes the incorporation of about twenty new homes. The agreement, potentially involving up to 200 homes, will last for 8 years, and the City Council will pay a fee of up to 125 euros per month for the homes.

The First Deputy Mayor of the Barcelona City Council, Laia Bonet, and Pau Pérez de Acha, Director of Social and Affordable Housing and Institutional Relations of SAREB, have signed a new agreement today for the transfer of up to 200 homes for social rental. This agreement replaces the one signed in 2015, which resulted in the transfer of 143 homes that will continue to be transferred, and now 23 new homes will be added, with the possibility of increasing this number up to 200 homes. The conditions of the transfer agreed upon eight years ago will be maintained.

The 23 homes being added have been studied by the technical and social services of the Municipal Institute of Housing and Renovation (IMHAB) to assess whether they meet the appropriate conditions of habitability and occupancy, also evaluating the necessary investment for refurbishment. In case an investment is needed, both parties will share the cost equally. On the other hand, in cases where vulnerable families reside in homes without the necessary authorization, the City Council will provide the relevant social assistance to assess the acceptance of the offered homes and regularization of the situation with a rental contract.

The new agreement will have a duration of four years, renewable annually for a maximum of four more years. After this period, the agreement stipulates that the homes will return to the hands of SAREB, which will take over the existing rental contracts. In any case, the agreement grants the City Council of Barcelona the preferential right to purchase the homes transferred during the validity of the agreement. As compensation for use, the City Council will pay a fee of 125 euros per month for each vacant home at the time of the transfer, and 75 euros per month for those that are occupied.

The 143 homes transferred by SAREB and the 23 to be transferred with the new agreement are distributed territorially as follows:

  • Ciutat Vella: 2 homes
  • Sants-Montjuïc: 20 homes
  • Gràcia: 4 homes
  • Horta-Guinardó: 23 homes
  • Nou Barris: 77 homes
  • Sant Andreu: 26 homes
  • Sant Martí: 14 homes

More info