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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.​

Joint workgroup between Barcelona and Madrid to prevent gentrification

20/01/2017 - 17:04

Urban planning. The two capitals are calling on the state to regulate rental prices to guarantee the right to housing and prevent citizens having to leave their neighbourhoods.

The two capitals are calling on the state to regulate rent prices to guarantee the right to housing and avoid residents having to leave their neighbourhoods. The joint demand is the result of a meeting today between Janet Sanz, Gala Pin and Josep Maria Montaner with the Councillor for Sustainable Urban Development at Madrid City Council, José Manuel Calvo.

The new work group will have the aim of jointly looking for measures, tools and possible legislative changes to prevent neighbourhoods from losing their identity and residents and traditional commerce from upping and leaving.

The workgroup will meet at least once a quarter and feature political and technical representation from both cities with the aim of joint learning via the exchange of experiences, analysis and good practice being developed by both. The idea is to determine the best tools available to act in cases which are already occurring, and in particular, to combat future cases.

Barcelona and Madrid have combined to call on the state to drive the regulation of rent prices and roll out a policy designed to preserve the right to housing. The Deputy Mayor for Urban Ecology, Janet Sanz, insisted that legislation on rents is needed at a state level as “the current deregulation doesn’t preserve the right to housing, but rather means people have to leave their neighbourhoods”.

For his part, José Manuel Calvo explained that Barcelona and Madrid are working towards sustainable city models both socially and environmentally. “We’re backing complex cities with a mixture of uses and a homogenous quality of life in neighbourhoods, where there is no segregation of inhabitants and areas with only tourist activity which ends up driving out citizens”, he added.

 

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