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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.

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Housing Offices and Energy Advice Points (PAE) continue to operate by phone and online to help prevent the spread of Covid-19. Check how to access services here.

The Neighbourhood Plan allocates over 21 million euros to decent-housing initiatives

21/02/2020 - 13:35

Neighbourhood Plan. The high-complexity properties programme is working with 116 local resident communities.

The Neighbourhood Plan has allocated 21.3 million euros to housing-renovation, advice and accompaniment projects for vulnerable groups, in defence of the right to decent housing. 84% of the investment has been allocated to renovation initiatives. One of the programmes which was launched in 2018 is the subsidies one for renovating properties which, owing to their social and economic complexity, are excluded from ordinary calls for public-aid applications.

The purpose of the programme is to respond to the structural reasons for each building’s lack of renovation and proper maintenance. The programme provides for the possibility of subsidies of up to a hundred per cent of the cost of the work in communities finding themselves in a precarious economic situation.

Barcelona City Council has meanwhile detected properties in greater need of renovation; the programme’s expert staff have begun working with local resident communities.

The Neighbourhood Plan’s Renovation Programme has multidisciplinary teams of architects and social, expert, administrative and legal-specialist workers carrying out advisory work and revising and drafting documents, among other things, to facilitate renovation processes in the communities. These teams are currently advising and accompanying 116 local resident communities, 67 of which have already started the necessary bureaucratic procedures for applying for subsidies and carrying out a renovation project.

Other projects championing decent housing

The Neighbourhood Plan is allocating 21.3 million euros to housing projects. 84% of the total is being invested in the properties renovation programme and 16%, to the advisory services and collaborative experiences with social organisations. It has led to the launching of projects such as:

  • Creating a new housing facility in the Zona Nord, in the Nou Barris district. This is a new centre that includes a housing office, a citizen help and information office and a new energy-advice point.
  • Windows and doors renovation programme for improving the energy efficiency of dwellings in the Raval and Gòtic neighbourhoods.
  • Counselling for people in an emergency situation in the Zona Nord.
  • Accompanying local residents in the process of relocation in Bon Pastor and Trinitat Nova.
  • Collaboration with social organisations for job placements and housing access of people at risk of social emergency, under the “Teixim barri” project, renovating three dwellings in the Gòtic sud neighbourhood.

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