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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.​

In recent months, the institutions have passed urgent measures to tackle the economic and social impact caused by Covid-19 in housing matters, such as the Mayoral Decree of 6 April 2020, which provides for a moratorium until August for all people living in public housing.

The State Government has passed two decrees: Royal Decree-Law (RDL) 8/2020, in force since 18 March, and Royal Decree-Law 11/2020, in force since 2 April, which provide for measures for both people living in rented housing and people who are homeowners with a mortgage or non-mortgage credit or loan.

 

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Measures for people living in public housing

Measures for people living in public housing

STATUS: Active since 30 March 2020.

ADDRESSEES: Residents in public housing in Barcelona and tenants of commercial premises managed by the IMHAB.

Moratorium of the payment of public home rents until the month of August.

 

Measures addressed to people living in rented housing

Measures addressed to people living in rented housing

STATUS: Active since 2 April 2020 (RDL 11/2020) NOT AVAILABLE since 04/06 (Government of Catalonia)

ADDRESSEES: People with a habitual home rent agreement.

It includes measures for people with difficulties in paying their rent, with agreements about to expire or in an eviction process.

 

Measures addressed to people with a mortgage or non-mortgage credit or loan

Measures addressed to people with a mortgage or non-mortgage credit or loan

STATUS: Active since 18 March 2020 (mortgage credits or loans) and since 2 April 2020 (non-mortgage credits or loans). 

ADDRESSEES: Individual homeowners with a mortgage or non-mortgage credit or loan.

Moratorium permitting postponing the payment of the rent during the State of Alarm for three months.

 

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