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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.​

European award for municipal policies to combat gentrification

06/06/2019 - 19:26

Housing. Barcelona won the ‘Fair financing for housing affordability’ category of the housing awards promoted by the EU.

Housing policies implemented by the Barcelona Municipal Housing Institute to combat speculation have won a European Responsible Housing Award at the International Social Housing Festival in Lyon, promoted by the EU.

The city’s municipal action on housing won the EU award in the category of Fair financing for housing affordability’, recognising best practice and innovation in the sphere of public housing.

A record number of projects entered for this edition of the awards, with a total of 86 initiatives from 16 different countries.

The European Responsible Housing Awards started life in 2004 as an EU-funded initiative focusing on social corporative responsibility in the social and affordable housing sector. Over the years the awards have become an opportunity for providers of public, social and cooperative housing to take part in a European competition to showcase success stories, innovation and good practice.

Standing up for the right to housing

The award received by the Barcelona Municipal Housing Institute recognises the work done by the City Council, which has created the tools to increase its limited affordable housing stock. The award also recognises the anti-speculation policies of the Right to Housing Plan 2016-2025.

The Right to Housing Plan defines municipal proposals and commitments and outlines the measures approved by the City Council to stand up for this right in the city. The plan sets out a series of measures organised into four areas of action:

  1. Prevention and support in relation to the housing emergency and residential exclusion, with measures to help people who can’t afford housing.
  2. Guarantee proper use of available housing and ensure its social function through the lease of empty homes and by exercising the right of first refusal and pre-emption.
  3. The expansion of the affordable housing stock by promoting the construction of new publicly owned buildings.
  4. The promotion of housing renovation with measures to protect tenants.

 

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