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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.​

First fine for discrimination on the basis of origin in housing access

21/12/2019 - 11:44

Housing. The fined advertisement, from the Idealista portal and The New House Barcelona estate agents, included the requirement for the buyer to be Spanish.

Disciplinary proceedings have opened against the Idealista portal and The New House Barcelona estate agents. A fine of 90,001 euros has been issued for an advert establishing the requirement for the buyer to be Spanish.

The Spanish Constitution recognises the right of people not to be discriminated against on the basis of origin, which is why depriving an entire group’s access to a basic asset such as housing is not protected under the principle of freedom of contract.

Published in June, the fined advertisement was reported by a citizen to the Office for Non-Discrimination (OND), which is the municipal service that offers free counselling, guidance and legal advice to people who have experienced discrimination in the city. There had been a total of 145 cases by August.

The right to housing, a priority

These disciplinary proceedings were opened under the framework the municipal strategy against mobbing and discrimination in housing. This was the aim under which 134 disciplinary proceedings of the following types were launched:

  • For keeping a dwelling permanently vacant.
  • For property mobbing or discrimination in the use of a dwelling.
  • For allocating an officially protected dwelling to a use other than that of usual residence.
  • For renting out a property without a permit.
  • For not registering a vacant dwelling with the Register of Vacant Dwellings and Occupied Dwellings Unfit for Habitation.

In addition, 155 detected cases are currently being assessed.

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