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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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Thirty million euros to be invested in local projects in the districts

Thirty million euros to be invested in local projects in the districts

23/02/2021 - 16:14

City Council. Resulting from the budget agreement signed by the governing groups and the ERC.

According to the budget agreement signed between the city’s governing parties and the ERC municipal group, a development fund of 30 million euros has been established to invest in local projects in all city districts. The move will see 83 projects implemented in 2021, with a direct impact on citizens, a special emphasis on improvements to urban space and a boost to support provided by social services.

The decision has been taken to allocate two million euros to each district, with the other ten million to be distributed according to criteria on population and income. Work has been done in recent weeks to define the projects to be funded, with district councillors from the three municipal groups all involved.

The bulk of the investment will be for projects to improve public space, including facilities, parks, children’s play areas and bike lanes, as well as the acquisition of properties and premises deemed of public interest.

  • Urban renewal and urban furniture (18 projects): 6,148,671 euros
  • Bike lanes and mobility (9 projects): 4,814,799 euros
  • Parks and urban greenery (11 projects): 3,150,000 euros
  • Acquisition of properties and premises (5 projects): 2,939,031euros
  • Improvements to children’s games (6 projects): 429,000 euros
  • Traffic calming around schools (2 projects): 350,000 euros

The agreement also provides a boost for support provided by social services, with specific action to tackle the social housing emergency, direct support for the city’s production and employment network and projects to foster economic activity.

All projects will need to be approved by the three municipal groups which signed the agreement, and to be executed in 2021. A monitoring commission will meet every two months to oversee the process.

 

More info