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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.​

Meal services for vulnerable groups boosted by 30%

22/03/2020 - 15:01

Covid-19. The number of meals served by the various municipal programmes has gone up from 3,700 a day to 4,800.

The various municipal meal programmes have been ramped up to guarantee healthy and balanced diets for vulnerable people who, for various circumstances, may not have access to one. The service has upped its output from 3,700 meals a day to 4,800.

Barcelona City Council has boosted its meal programmes for vulnerable groups by 30% since the start of the COVID-19 crisis, providing healthy and balanced meals for users who, for various reasons, may be susceptible to poor nutrition. The services in question are provided by the Meals at Home Service, the Meals in the Company of Others service and municipal soup kitchens. The measure is part of a broader package to ramp up services for those most vulnerable in the city.

During the coronavirus crisis, ready-made meals are packaged for users to consume at home. The home-delivered meals service has gone from serving 1,200 meals a day to 1,550, providing food for those who need support or who can’t prepare their own meals at home. The Meals in the Company of Others service, aimed at senior citizens, has increased its output from 1,000 meals a day to 1,300, but as a precautionary measure users receive the meal only and are not accompanied by people providing the service as they would normally. As for soup kitchens for the homeless, the service has also been bolstered and has upped its output from, 1,500 meals to 1,950.

 

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