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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 ten-point declaration on the right to housing

08/09/2020 - 16:57

Housing. Thirty city organisations are backing the ten measures set out in the document.

Given the housing emergency, made worse by the Covid-19 crisis, the City Council and thirty city organisations have presented a document setting out strategies to guarantee access to decent and affordable housing.

The Covid-19 crisis has made conditions relating to housing worse, particularly among the most vulnerable, who are bearing the brunt of economic downturn. In addition, property speculation and abusive price hikes in rents pose a threat to guaranteed access to decent and affordable housing, a fundamental right for everybody.

Social uses of housing must prevail over speculative uses, as guaranteeing the right to a home enables other fundamental rights to be assured, such as the right to health, to the family, to personal development and to the city.

This change of paradigm is set out in Barcelona’s ten-point declaration on the right to housing, a document which has been put together by the local administration and thirty city organisations to define the public policies needed to ensure access to housing.

Ten strategic points to stand up for the right to housing

The joint work between the municipal team and city organisations takes the form of a document setting out the strategic lines for tackling the housing emergency, which has been made worse by the Covid-19 crisis. Barcelona’s ten-point declaration on the right to housing places the emphasis on increasing the state budget for housing policies, stopping evictions of vulnerable people, increasing the pool of public rental housing and opting for new models of cooperative public-private housing.

The ten points also highlight the importance of housing becoming a driving force in the economic recovery, developed from the perspective of social justice and helping to drive strategic sustainable sectors which generate quality jobs.

See the full document for the Barcelona ten-point declaration on the right to housing.

New housing project with social rents in L’Eixample

The ten-point document was presented at one of the new housing projects with social rents, at C/ Comte Borrell, 159, where the keys will soon be handed over to the tenants of 35 homes and a new public nursery school is also about to open.

 

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