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

On this page, you will find all the financial assistance for rent payment that the City of Barcelona and the Government of Catalonia offer. You can check the requirements, terms and amounts of the different types of aid that are available.

Municipal aid derived from mediation

Status: AVAILABLE until 05/12/2019

Recipients: People with difficulties paying the rent and derived from a mediation process

Family income limit: Between 2 and 3 times the IRSC.*

Maximum monthly rent: 900€

Administration that grants the aid: Housing Consortium of Barcelona.

* IRSC = Adequate Income Indicator of Catalonia, valued at €569.12 per month and €7,967.73 per year

Aid for rent payment: beneficiaries 2018

Status: NOT AVAILABLE since 01/03/2019
 
Recipients: 2018 beneficiaries of permanent benefits or aid for rent payment.
 
Family income limit:
From 1.5 to 2.35 times the IRSC*, depending on the group
 
Administration that grants the aid: Housing Agency of Catalonia

* IRSC = Adequate Income Indicator of Catalonia, valued at €569.12 per month and €7,967.73 per year

Aid for payment of rent debts

Status: AVAILABLE (can be requested at any time of the year)
 
Recipients: People with rent debts due to unforeseen circumstances
 
Family income limit: Between 2 and 3 times the IRSC*, depending on the members of the household
 
Maximum monthly rent:
€750
 
Administration that grants the aid: Housing Agency of Catalonia

* IRSC = Adequate Income Indicator of Catalonia, valued at €569.12 per month and €7,967.73 per year

Aid for rent payment for Specific Groups

Status:
 
- Holders of contracts drawn through mediation services for social rentals, housing managed by non-profit organisations or public administrations or entities, except the Housing Agency of Catalonia (AHC): NOT AVAILABLE since 31/10/2018
 
- Beneficiaries of special emergency aid and complementary benefits: NOT AVAILABLE since l'01/03/2019
 
Recipients: People included in the Specific Groups who, despite being up-to-date with their rent, have difficulty paying it.
 
Family income limit: 1.5 times the IRSC*
 
Maximum monthly rent: €750
 
Administration that grants the aid: Housing Agency of Catalonia

* IRSC = Adequate Income Indicator of Catalonia, valued at €569.12 per month and €7,967.73 per year

Municipal aid for rent payment: renovation beneficiaries 2017

Status: NOT AVAILABLE since 16/11/2018
 
Recipients: People who are up-to-date with their rent but have difficulties in paying it, and who have been beneficiaries of municipal aid in 2017.
 
Family income limit: Between 3 and 1.5 times the IRSC*, depending on the group
 
Maximum monthly rent: 900 €
 
Administration granting the aid: Housing Consortium of Barcelona

* IRSC = Adequate Income Indicator of Catalonia, valued at €569.12 per month and €7,967.73 per year

Subsidies for rent payment

Status: NOT AVAILABLE from 07/06/2019
 
Recipients: People who are up-to-date with their rent but have difficulties in paying it
 
Family income limit:
2.80 times the IRSC
 
Maximum monthly rent: €750 (€ 900 for large families)
 
Administration that grants the aid: Housing Agency of Catalonia

* IRSC = Adequate Income Indicator of Catalonia, valued at €569.12 per month and €7,967.73 per year

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