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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.

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Nearly 8,700 homes to be renovated with Next Generation funds

Nearly 8,700 homes to be renovated with Next Generation funds

14/07/2025 - 11:03

Housing. Some 82% has already been mobilised from the 170 million euros in the renovation and urban regeneration fund.

The urban renovation and regeneration programme funded with Next Generation resources has already mobilised 82% of the 111.5 million euros available for energy efficiency improvements, accessibility and more. Applications to revamp nearly 8,700 homes have been received since the programme was launched in 2022, a demand well above the usual rhythm of residential renovations in the city.

Barcelona has an overall assignation of nearly 170 million euros for renovation and urban regeneration, 111.5 million euros from Next Generation funds, along with 58 million in complementary funds from the Barcelona Housing Consortium.

There are nine calls, seven of which are being financed with Next Generation funds:

  • Building renovation grants (programme 3, Buildings)
  • Home renovation grants (programme 4, Homes) 
  • Renovation grants for the 23 areas in the Neighbourhood Plan (programme 1, Neighbourhoods)
  • Renovation grants for publicly owned housing (programme 1, Neighbourhoods)
  • Renovation grants for the Canyelles neighbourhood (programme 1, Neighbourhoods)
  • Renovation grants for neighbourhoods in urban regeneration areas (programme 1, Neighbourhoods)
  • Renovation grants for home interiors, to add homes to the Barcelona Affordable Housing Pool.
  • Renovation grants to improve accessibility
  • Grants for compiling the Building Book and renovation projects

Two of these calls, the one for the Neighbourhood Plan and the one for buildings in other neighbourhoods, have already surpassed the amount expected, with the call for public buildings also expected to do so soon.

Programme 1 Neighbourhoods accounts for over 58% of the overall budget and 56% of all applications, while Programme 3 Homes accounts of 34% and the call for home interiors, 10%. In addition, over 13,000 applications have been made for the Building Book and renovation projects.

Projects mainly cover buildings more than 70 years old. Besides energy renewal steps, essential for access to Next Generation grants, other notable projects include accessibility improvements and renewable energies. In the Neighbourhood programme, 45% of applications include improvements to accessibility and 34% the installation of renewable energies, compared to 17% and 48% in the other neighbourhoods section respectively. One of the most common requests is for the installation of lifts, as half of the buildings in question did not have any.

The average renovation cost per home is between 33,000 and 39,000 euros, with subsidies covering nearly 64%. Projects can help cut energy demand by some 56% and nearly 59% of primary non-renewable energy consumption, figures that demonstrate the economic and environmental impact of the programme.

Municipal backing for renovation

Residential renovation helps to the modernise a housing stock where 87% of buildings were constructed prior to 1980 and 81% would have an energy rating of E or lower. Renovating façades, installations and entrances not only improves life and safety, but also means a move towards climate neutrality and helps to cut energy poverty.

This action comes within the context of the Pla Viure, the municipal roadmap for universalising the right to housing, making renovation, sustainability and accessibility priority areas, together with the creation of new affordable housing.

 

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