Delivered the apartment keys of the Emergency Board to four families

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. The homes, located in the districts of Nou Barris, Sants-Montjuïc, Sant Martí and Sant Andreu; are part of the Social Rental Fund and are intended for vulnerable people and families.

Four families have received during the morning of this Thursday, June 26, the keys of housing of the Emergency Board by the Barcelona City Council, through the IMHAB. These homes are located in the districts of Nou Barris, Sants-Montjuïc, Sant Martí and Sant Andreu.

Joan Ramon Riera, Housing Commissioner, was in charge of delivering the keys in an event where administrative tasks have also been completed, the documentation signed and a guide talk on coexistence and mediation, thanks to the City Council’s Public Housing Prevention and Mediation Service (SPIMH).

Housing to respond to situations of vulnerability

The flats awarded through the Emergency Board are part of the Social Rental Fund, which is managed by the Barcelona Housing Consortium and aimed at vulnerable people and families, either because they are at risk of residential exclusion due to situations such as evictions, foreclosures or payment payment processes; or because they are units of coexistence with minors, the elderly or people in situations of helplessness, with hygienic-sanitary or security precariousness.

People who are in any of these situations can request an appointment in the Barcelona Housing Offices Network, where a valuative report of each case will be made and the available homes will be assigned at all times.