Tanca Tanca

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.​

New measures to tackle the housing emergency and boost available housing

21/06/2024 - 14:36

Housing. The city’s 10,101 tourist lets are set to disappear.

New structural measures are being introduced to boost available residential housing through the recovery of tourist lets for residential use, along with a revamp to the measure of a 30% reserve on new-build homes for use as officially protected housing. The goal is to guarantee the right to housing for everybody and to boost the stock of affordable housing citywide.

The decree approved by the Government of Catalonia on 7 November 2023, on the regulation of tourist accommodation, will be applied in a series of Catalan municipalities where people have problems accessing housing. The move should take away the 10,101 tourist flats which have been conditioned to operate as tourist lets in the city. The measure aims to guarantee the maximum number of flats are for residential use and not for tourism, boosting the city’s housing stock.

The decree law will be applied in full and no new urban planning will be developed which declares permanent residential homes as compatible with tourist uses. This should mean that five years after the law is applied, all tourist lets in the city will disappear and be prohibited, leaving no tourist flats in Barcelona in November 2028.

In addition, through the Special Plan on Urban Tourist Accommodation (PEUAT), which has regulated the establishment of all types of tourist lets since 2017, inspection work will continue once all tourist flats have been taken out of operation. Some 10,500 fines have been given and 9,700 closure orders issued since 2016, while the volume of 6,000 monthly adverts for tourist lets has been reduced to between 300 and 400, which the municipal team detects and orders them to be withdrawn. As many as 3,473 illegal tourist flats have also been recovered to be used as people’s permanent residences.

Real and effective measure of 30% protected housing

In parallel, work is in progress to make effective the measure reserving 30% of new homes and major renovations for use as protected housing, and for the private sector to take real joint responsibility for developing affordable housing in Barcelona. Since this measure was approved in 2018, only 93 homes have been added to the city’s housing stock, in accordance with the permits awarded, and of these only 8 have been executed.

The new proposal, which will now start being developed further with political groups, is geared towards enforcing what was set out in the MPGM of 2018 and adding new options so that private developers make the 30% quota effective, with the transfer of protected homes to other sites. At the same time, the idea is to open up the possibility of a social developer tasked with executing these homes. The revamp to the 30% reserve also aims to facilitate the renovation of homes, increase the number and in turn the quality of the residential housing stock.

Similarly, the City Council’s right of first refusal on the acquisition of the resulting homes will be maintained. The City Council currently has 5,000 homes in progress, at various stages of execution, which will result in over 3,300 flats becoming available in this term of office. These homes are the result of direct development by the Municipal Institute of Housing and Renovation (IMHAB) and of alliances with third parties such as non-profit organisations, the metropolitan operator HMB or the Catalan Land Institute (Incasòl).

More info