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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.

Housing

Housing Glossary

Accrued interest

Active supermortgage

Adaptable instalment

Advanced cancellation fee

AEDE

Affordable housing

Affordable rent

Amortisation

Amortisation period

API

Applicant

APR

Arbitri municipal de plusvàlua

Assessment

Authorisation

Ada Colau meets Raquel Rolnik for the ENHR Barcelona 2022

Barcelona will be the scene of ENHR platform’s international conference this year, about research in the field of housing

The FHAR explores the collaboration between private, public and community actors in the enlargement of the affordable housing stock

“It’s a brutal challenge but we can’t each concentrate solely on our own patch”

Enlarging the affordable housing stock, a responsibility shared between the public and private sectors

“Housing is a human need, and therefore it is fundamental for human life and sustainable communities”

Industrialised promotion of housing promotes integral, collaborative work and faster and more sustainable construction

“When we speak of innovation in social housing we also speak of quality of life”

“Big Data can give us a lot of information, but it will not solve our problems. In addition to data, we need knowledge”

“We already know we do not have enough affordable housing: now is the time to decide what we can do about it”