Five families receive housing keys from the Emergency Board

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.

Habitatge. The apartments, located in the districts of Ciutat Vella and Sants-Montjuïc, are part of the Social Rental Fund and are intended for vulnerable individuals and families.

On Tuesday, September 30, five families received the keys to emergency housing from Barcelona City Council, through the Municipal Institute of Housing and Renovation (IMHAB). These homes are located in the districts of Ciutat Vella and Sants-Montjuïc.

The allocation took place during a ceremony held at the IMHAB offices on Doctor Aiguader Street, attended by the Housing Commissioner, Joan Ramon Riera. The handover of keys followed the completion of administrative procedures and the signing of rental contracts.

Afterwards, the families participated in an information session organized by the Public Housing Prevention, Intervention and Mediation Service (SPIMH) of the City Council, which provided guidance on coexistence, community rules and mediation tools to foster good neighborly relations.

A resource for families in vulnerable situations

The homes allocated through the Emergency Housing Committee are part of the Social Rental Fund, managed by the Barcelona Housing Consortium. This resource is aimed at people and families at risk of residential exclusion due to evictions, mortgage foreclosures or dations in payment, as well as households with children, elderly people or individuals in situations of neglect. It also covers cases with serious deficiencies in hygiene, safety or living conditions.

Those affected can request support through the Barcelona Housing Office Network. The Emergency Housing Committee assigns available homes according to urgency and availability at any given time.