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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.​

Collaborative architecture takes center stage at 48h Open House BCN 2022

24/10/2022 - 10:30

Housing. The 13th edition of the architecture festival made it possible to visit more than a hundred buildings in Barcelona and six cities in the metropolitan area, including some examples of cohousing.

On the weekend of October 22 and 23, Barcelona and six other cities in the metropolitan region (Badalona, Santa Coloma de Gramenet, Sant Joan Despí, L’Hospitalet de Llobregat, Vilassar de Dalt and Sitges) opened the doors to some of their most characteristic buildings as part of the thirteenth edition of the 48h Open House BCN 2022 festival. In total, visitors had at their disposal an offer of up to 126 buildings, which could be discovered in person through free guided tours, as well as audio-guided tours. 

The festival brings the city closer to visitors through architecture and urban planning, and it does so through visits to unique buildings and valuable spaces that include the most outstanding styles and artistic movements. And, in parallel, the festival was also an opportunity to discover new housing formats, alternative to the current housing model.

In this sense, the program included visiting three cohousing buildings, promoted by the Municipal Institute of Housing and Rehabilitation of Barcelona (IMHAB) and the Barcelona City Council. A model that allows a community of people to live in a building without being owners or landlords, for an extended period of up to one hundred years, and at a lower price than the market. Specifically, the buildings in question were those of La Balma (C/ de Espronceda, 135), Cirerers (C/ del Pla dels Cirerers, 2-4), and la Xarxaire (Passeig de Joan de Borbó, 10).

An opportunity that has allowed dozens of people to learn first-hand about a renovating housing model, common in northern European countries, which guarantees access to decent housing, promotes community management and fights against real estate speculation.

The festival program also included a visit to the public buildings at Carrer d’en Robador 25-27, in the Raval, with a total of 13 municipal rental apartments acquired and rehabilitated by the Barcelona City Council. In addition, visitors also had the option of seeing the buildings at Carrer de la Ciutat de Granada, a project of 105 municipal public housing units with services for the elderly, a home for the elderly, and a CAP.

The 48h Open House Barcelona is a non-profit cultural project that works to disseminate the architectural heritage of the city of Barcelona, and this year commemorated the trades, fundamental in creating a building. Recognition to all the disciplines and professionals that make possible collaborative and global architecture, and a way to overthrow barriers between designers and craftsmen.