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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.​

Barcelona City Council delivers the keys to 17 housing units with services for the elderly

06/03/2023 - 12:02

Housing. The homes, designed to accommodate people over 65 years of age, are part of different developments and are distributed in Nou Barris, Les Corts, Sant Martí, Eixample, Sant Andreu, Sants-Montjuïc and Sarrià-Sant Gervasi.

The headquarters of the Municipal Institute of Housing and Renovation of Barcelona (IMHAB) was the venue chosen to carry out the last bureaucratic procedures and to hand over the keys of different homes for the elderly, all of which had become available due to different circumstances.

One by one, the awardees were attended by IMHAB technicians, who advised and guided them in the completion of the last necessary formalities, in a moment of great happiness and that opens a new stage in their lives.

“I’ve been waiting for housing for about six years, and I finally got it. I feel as if I’ve won the lottery. Even the neighbors in the new apartment already know me,” Juan Gabriel Leal, a successful bidder in Sants-Montjuïc, remarked happily.

In this case, the 17 apartments were part of different developments and are distributed in seven districts of the city: Nou Barris, Les Corts, Sant Martí, Eixample, Sant Andreu, Sants-Montjuïc and Sarrià-Sant Gervasi. Once the keys have been handed over, the successful bidders are expected to move into their new homes during the month of March.

Teresa Maria Salvadó, a resident of Sant Martí, also expressed her satisfaction: “After seven years of waiting, and having lived in shared apartments, with the pandemic in the middle, it has not been easy. I love the apartment, much more than I thought I would. Besides, my profession is artistic, and I need a lot of light to work, and this apartment has it. It feels like it was made for me.

Affordable and accessible housing

In the expansion of the public housing stock throughout the city in recent years by the Barcelona City Council, the elderly are being served with housing that is equipped and adapted to their needs.

These are social housing units for protected rental, municipally owned, aimed at people over 65 years of age, self-employed and who do not own their own home or, if they do, it is not accessible. The people who end up being awarded have the right to use them for life, paying a rent that is set according to the income of each person.

A commitment of the City Council that translates into about 1,500 current housing units distributed in 24 developments located in different districts, with special emphasis on Sant Martí, Ciutat Vella and Nou Barris. In addition, there are around 500 homes in the pipeline spread over six developments to be located in Eixample, Sant Martí, Sant Andreu and Gràcia.

Homes, such as the ones received by these 17 beneficiaries, are safe, comfortable and integrated into the community. With an area of approximately 40 m² where you can find a bedroom, a living room, a kitchen and an adapted bathroom, in addition to communal spaces, all of them also have sockets located at a comfortable height, centralized alarm in the bathroom and bedroom, telecare, concierge, personal and social support, cleaning service of housing and common areas, self-laundry service and small maintenance. For more information on this type of housing, please consult the following link.

To gain access, the successful bidders must be registered in the Barcelona Social Housing Applicants Register, the only valid official way to apply for subsidized housing in the city of Barcelona.