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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.​

The City Council purchases a building in the Gràcia district to increase the affordable housing offer

08/02/2022 - 13:43

Housing. The property in Carrer Camprodon contains six homes

Through the Municipal Institute of Housing and Renovation (IMHAB), the Barcelona City Council is working to increase its public housing offer through various mechanisms which include new builds, the acquisition of properties and the mobilisation of properties in the private market to be made available as affordable rents. These are key strategies in the city’s neighbourhoods where public land is scarce. The council has bought a property on Carrer Camprodon in the Gràcia district. A meeting was held yesterday with the neighbours of the building, attended by the Housing and Renovation councillor, Lucía Martín, to explain to them the conditions and the management of the change of ownership.

The building in Carrer Camprodon, in the Gràcia district, has a ground floor, five floors and a loft with one home on each floor. The ground floor is used for business premises, and of the six homes, three of them are empty.

More than 1000 properties acquired since 2015

From 2015 until the end of 2021 the City Council has purchased more than 1000 properties. 382 of them have been acquired in the last year, making it a record year in this matter. These purchases represent nearly 60 million euros being spent.

The majority of these 369 properties correspond to 13 entire buildings located in particularly pressured areas such as Gràcia and Eixample. In Gràcia, two buildings have been purchased which include 17 homes. The City Council has decided to intensify the exercising of the rights of first refusal and withdrawal as a tool to prevent speculative processes and increase the affordable housing offer in central districts where the rise in rental prices is seen most, and where there is a lack of land for new developments.