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.​

The Social Housing Council of Barcelona learns the details of the Right to Housing Law at an information session

22/04/2024 - 12:41

Housing. The Barcelona City Council organised an information session with this consultative body in order to provide information on the updates introduced by Law 12/2023 on the Right to Housing and to clear up any uncertainties.

With the aim of disseminating the key points of Law 12/2023 on the Right to Housing, Barcelona City Council convened the Social Housing Council of Barcelona for a meeting where participants could clarify questions about the new regulations.

The legal intricacies of Law 12/2023

Lawyers Pablo Feu and Elga Molina took part to explain the fundamental aspects of the Law on the Right to Housing.

Feu focused on explaining the new legal developments and the challenges of interpretation, especially in Catalonia, where there was already existing housing legislation that had to be adapted to the new national law.

According to the expert, Law 12/2023 has a significant impact on legal actions and urban leases. He highlighted the challenges of determining whether an owner is a multiple property owner and whether a tenant is in a vulnerable situation. He also addressed changes to extraordinary renewals and conciliation and mediation procedures. The law is serving its purpose well”, he concluded.

Molina’s intervention focused on the regulation of rental prices, a key objective of the new law, as “the market is not capable of self-regulation”. To provide context, the lawyer reviewed housing systems in other European countries such as Switzerland, France, Denmark and Germany (which she noted mirrored the Spanish system).

Among other topics, she discussed the definition of an owner of several properties (excluding social promoters from this category), the index system for rental prices, its application in Catalonia, the adjustment of rental prices and other aspects not covered in the standard (such as an inspection and enforcement regime).

During the open question period, participants were interested in the regulation of officially protected housing, the sanctioning powers of the Generalitat and the City Council, why the law mentions criteria for renovation, and the mediation process and the need for regulation.