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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.​

A new unit is set up to take preventative action against evictions

19/01/2016 - 18:38

Housing. The unit will be made up of a team of 13 professionals to negotiate with owners and coordinate the municipal services involved.

City Council has created the Unitat Contra l’Exclusió Residencial (UCER) [unit to counter residential exclusion], which will take action to prevent evictions and help enforce the law to combat the housing emergency and energy poverty.

The unit will be made up of 13 people with different professional profiles, who will negotiate with property owners, coordinate the municipal services involved and take whatever measures needed to minimise the effects of the loss of the home if the eviction ends up being carried out.

The unit will also provide support for the enforcement of fines for financial entities and owners of large pools of property who have empty flats. “We want residents in situations of residential vulnerability to have somewhere to refer to and that’s why we’ve set up this unit”, explained the Second Deputy Mayor, Laia Ortiz.

At the first session of the Consell de l’Habitatge Social de Barcelona (CHSB) [social housing advisory body] for this term of office, the municipal government presented a report detailing all action taken on housing. In 2015, City Council invested 17.3 million euros in the acquisition of 158 homes, 13 of which were repossessions where the right of first refusal had been exercised.

Results were also presented for the last grant call for the renovation of homes. In 2015, some 591 renovation grants were adjudicated, representing an investment of 26.6 million euros. A new grant call was announced for 2016, which also includes funding for housing interiors.

City Council also received 3,828 applications for new rent subsidies, for which an extra 11.8 million euros was used. “We believe that in the next few weeks we will be able to get 200 flats via leasehold or with favourable purchase conditions” added the Councillor for Housing, Josep Maria Montaner.

Following this first session, the CHSB and the Joint Commission for the Prevention of Evictions now merge as they both share the same composition and objectives.

 

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