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.​

International recognition for the municipal Anti-Evictions Unit

04/01/2023 - 13:41

Housing. The municipal service received a World Habitat bronze award.

The mediation and support service for eviction processes in the city, the Anti-Eviction Unit, has been given a World Habitat bronze, an international award jointly organised by the NGO World Habitat and the UN-Habitat agency. The award recognises the municipal service as an innovative, exceptional and revolutionary programme.

The World Habitat Awards have been recognising good practice in housing around the world for the last 35 years. This year’s awards recognised the work of the Anti-Evictions Unit for the work carried out since it was set up, which has seen it help over 14,000 families in vulnerable processes such as those caused by the loss of a home.

The municipal Anti-Eviction Unit takes the role of mediator between courts, property agents and affected families. The unit handles between 50 and 60 cases a week on average, with nine out of ten able to be suspended thanks to the work done by the service along with social movements.

New boost for the service

In an effort to gain more time and resources for professionals with the service to devote to cases, getting familiar with them further in advance and being better able to prepare a response, resources are being tripled through an in-house legal team and an investment of five million euros over two years. Affected families will also have a single reference figure throughout the whole process.