Five families receive housing keys from the Emergency Board

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.

Habitatge. The Municipal Institute of Housing and Renovation (IMHAB) has delivered five emergency homes located in the districts of Ciutat Vella and Sant Martí to families in a situation of economic and social vulnerability.

Barcelona City Council, through IMHAB, has delivered five emergency homes on Tuesday, May 27, four of them located in Ciutat Vella and one in Sant Martí. Joan Ramon Riera, housing commissioner, has been in charge of handing over the keys to the five successful families.

The awarding families have been summoned to the IMHAB offices to complete the administrative procedures and sign the corresponding documentation. Once the process has been completed, they have received the keys to their new homes. Subsequently, they attended a guide talk on the measures of coexistence and mediation by the Prevention, Intervention and Mediation Service of Public Housing of the City Council (SPIMH).

Emergency social housing to deal with situations of vulnerability

The homes awarded through the Emergency Board are part of the Social Rental Fund, managed by the Barcelona Housing Consortium, and are aimed at people and families at risk of residential exclusion because they are in situations of vulnerability such as cases of eviction due to non-payment of the rent, mortgage executions or payment payment processes. Families with minors, the elderly or those in distress who live in precarious conditions of safety or hygiene are also taken into consideration.

To opt for a home, it is necessary to request an assessment of the case through the Housing Offices Network of Barcelona. Once the files have been studied, the Emergency Board assigns the available housing according to social priority criteria. Given the fact that demand exceeds supply, the adjudications are made progressively, as new flats are incorporated into the Social Rental Fund, and are formalized in the monthly sessions of the Board.