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Housing Glossary

You will find information here on all topics relating to housing in Barcelona


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.


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.


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.


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.


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.


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.


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.


Document in which the owner authorises the tenant to carry out building work in the dwelling's interior.

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United Front against the Azora Investment Fund and abusive rent rises

03/03/2020 - 11:48

Habitatge. Barcelona City Council was present at the support event in Parliament organised by residents and the Tenants' Union

A united front of municipal representatives, parliamentary groups and families affected by the Azora Investment Fund which wishes impose abusive rent rises, reaching up to 100%. The 250 families organised through the Tenants’ Union have received the support of all parliamentary groups, except the PP (Partido Popular) and Ciutadans, as well as the municipal authorities of Barcelona, L’Hospitalet de Llobregat, Badalona, Terrassa and Granollers, the five municipalities in which these eleven blocks owned by Azora are located. Lucía Martín, the Councillor for Housing and Rehabilitation attended on behalf of the Barcelona City Council.

Azora, owner of about 13,500 apartments, is the third most important investment fund in Spain. Before Parliament, in addition to the disproportionate rent increases, the residents denounced fraudulent clauses such as rent rises hidden in the contracts and concealed under supposed discounts, and the obligation on the part of the tenant to take out insurance for non-payment or to carry out repairs that are the responsibility of the owner. They have also reported coercion for displaying banners on balconies denouncing the situation and demand that Azora enters into collective negotiations. The Tenants’ Union also demanded rent regulation, reporting that cases such as Azora are just “the tip of the iceberg” of the ‘rent bubble’ problem which affects a large part of the population.

Institutional declaration by Barcelona City Council

On Friday, 28th February, during the plenary session of Barcelona City Council, an institutional declaration was also read out in which the abusive practices by Azora were condemned. Colau called these practices “immoral” and noted that it is a “social and economic” problem and that, for this reason, the City Council “will use all its tools to defend the right to housing and to combat speculation which is causing so much pain and which, for a very large part of the population, is one of the main problems in the City of Barcelona.” Beyond requiring Azora to stop violating the rights of these residents’ communities and to sit down to negotiate collectively, the City Council has stated that it supports the urgent need for a new state rental legislation that includes the regulation of rents, prohibiting the eviction of residents without justified cause and the right of tenants to negotiate through their representatives.

Including Barcelona City Council, there are five councils in Catalonia which have expressed their support for the residents affected by the Azora Investment Fund and for the need to regulate rents. The others are the town councils of L’Hospitalet del Llobregat, Badalona, Terrassa and Granollers, altogether the five municipalities in which the 11 blocks, owned by Azora and organised through the Tenants’ Union, are located.

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