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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.​

45,000-euro fine for a case of housing-access discrimination

06/08/2021 - 09:21

Housing. La multa recau sobre la propietat del pis i la immobiliària que el comercialitzava, que van impedir llogar-lo a una persona d’origen marroquí.

A local authority punishes, for the first time, direct discrimination in Access to housing on the ground of origin. The case occurred in the city after the owner of a flat in La Barceloneta and the company marketing it denied a person of Moroccan origin from renting it. The fine was 45,000 euros.

 

The discrimination took place when the victim expressed an interest in renting the dwelling and provided proof of a sufficient level of solvency but the estate agent failed to reply to the request and argued that another applicant had been chosen. However, the flat remained empty and on the market weeks later.

Later on, someone from the victim’s environment who was not from a Moroccan background expressed an interest in the flat, visited it and confirmed they had a similar level of solvency. Here the estate agent was ready to rent out the dwelling to the applicant. This proved that the applicant’s eligibility for renting the dwelling had nothing to do their solvency or its lack of availability.

The victim reported the facts to the Office for Non-Discrimination (OND), which studied and analysed the case alongside the Discipline and Anti-Mobbing Unit at the Municipal Institute of Housing and Renovation (IMHAB).

Protection from discrimination on the ground of origin is a right recognised in the Spanish Constitution, while prohibited access to goods and services is regulated by European Directive 2004/113/EC. Discrimination on the ground of origin constitutes a very serious offence, punishable with a fine of 45,000 euros.

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