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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.​

City Council allocates 236 million euros for the renovation of buildings

29/02/2016 - 13:59

Housing. The new grant call contemplates interior and exterior work to housing and entails measures to improve quality of life for citizens.

The municipal government has presented a strategy for urban renovation in Barcelona with the aim of improving quality of life for citizens. From now until 2019 a total of 236 million euros is to be invested in social, environmental and economic spheres.

The projected renovation strategy for the 4 years of office works on various levels, improving living conditions for everybody, increasing the affordable housing pool, promoting renewable energy, strengthening local activity in the sector and guaranteeing the quality and security of architectural heritage.

To achieve these goals, between now and 2019 some 235.8 million euros will be invested as follows: 80 million euros for renovation grants in the private sector, 32.8 million euros to renovate the public housing pool and promote energy efficiency in municipal buildings, and 123 million euros to recondition public areas comprehensively.

We’re putting forth a different way of conceiving action which we carry out in the city”, explained the Deputy Mayor for Ecology, Urban Planning and Mobility, Janet Sanz. “We’re approaching renovation in a comprehensive way with the only aim being to improve quality of life for residents”, she noted. The renovation measures are the result of an agreement between the municipal government and the PSC formation.

A new grant call for renovation work

For the first time ever, grants on the new invitation to apply for subsidies include funding for the improvement of home interiors, such as work to improve access, acoustic insulation and work to remove harmful materials. Social criteria are also being included to help families with low incomes access grants, as well as subsidies for using materials with low ecological footprints and for listed buildings. A programme of grants for residential estates of special interest will also be introduced.

Redistribution of improvements

Renovation work in public places will not imply major transformations, but rather specific action throughout the city to improve quality of life in the entire city. One of the important points in the plan, which will be defined in more detail over the course of 2016, is to pay special attention to improving access.

 

 

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