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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.​

Commitment to update the protocol for evictions

12/12/2016 - 16:14

Housing. The Government of Catalonia, the High Court of Justice and Barcelona City Council have agreed to work to turn it into a tool for prevention and help for vulnerable families.

Barcelona is to revise the protocol for evictions, in place since 2013, with the aim of intervening at the start of the process as a way of prevention. The idea is for municipal services to be able to act earlier and avoid evictions being carried out. The Mayor, Ada Colau, the Minister for Justice, Carles Mundó, and the President of the High Court of Justice, Jesús María Barrientos, outlined objectives during the monitoring commission for the protocol and established new work criteria which should start to take shape in January via a technical commission.

The Mayor tabled the objective at the monitoring commission that no vulnerable family should end up in the extreme situation whereby they are forcefully evicted. Colau pointed out that the “major objective” shared is that “maximum intervention is needed at the start of these processes and not at the end, as is currently happening in many cases”.

The Mayor also called for the profile of vulnerability to be revised, as well as the definition of an emergency situation, as when the protocol was drafted the main issue was unpaid mortgage instalments. Colau noted that the emergency situation relating to housing is currently “much more serious” that in previous months, as at present 70% of eviction processes start with defaults on rent payments.

In order to provide a more agile and effective response to this situation, the Unit Against Residential Exclusion (UCER) was set up at the start of 2016. Between January and November, the unit dealt with twice the number of evictions than in the whole of 2015. The total number was 2,191 evictions, affecting 6,000 vulnerable people, 35% of them minors.

The Government of Catalonia, the High Court of Justice and Barcelona City Council will be looking at proposals agreed today via a technical commission as from January, within the framework of the new law on the housing emergency being put through the Catalan parliament.

 

 

 

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