Tanca Tanca

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.​

Creation of the first inter-university chair on housing

03/06/2021 - 16:27

Housing. The agreement is between the public administrations and the city’s four universities.

In a move to promote research and innovation and provide new responses to the issue of access to housing, an agreement has been established between the Government of Catalonia, the Spanish state and four public universities: the University of Barcelona (UB), the Autonomous University of Barcelona (UAB), the Polytechnic University of Barcelona (UPF) and the Pompeu Fabra University (UPF). The agreement will create the Barcelona Chair for Housing Studies, a multidisciplinary inter-university chair with an international vocation.

The Barcelona Chair for Housing Studies is being created to bring together academic talent from different disciplines linked to the issue of access to housing, such as law, economics and architecture. At the same time, the body has the purpose of driving research and teaching on public housing and renovation policies which address the main challenges for the present and the future.

The chair will create the first official master’s degree in housing in the state, organise post-graduate degrees, courses and workshops, as well as taking part in research projects on a national and international scale. Other goals for this new university body include advising public administrations and organising academic congresses.

Funded entirely with public money from three administrations, the chair will also work with different disciplines relating to housing and get the city’s four public universities engaged.

 

Share this content