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.​

Municipal drive to combat evictions

27/03/2023 - 15:10

Housing. Boost for the municipal eviction mediation service with another forty workers.

The Service for Intervention in Loss of Housing Processes and Squatting (SIPHO) is boosting its ranks from 16 to 43 professionals to strengthen mediation and intervention and help families to stay in their homes. The unit helped to suspend nearly nine out of ten eviction orders in 2022.

The municipal eviction mediation service mediates between courts, property owners and affected families and forms part of the city’s network of housing offices.

The service now has its own legal team to back up its mediators and prevention staff with more tools to handle resources with greater guarantees. Families will also a reference figure throughout the process, a highly valued aspect as it helps reduce the stress and uncertainty generated by an eviction process.

By bolstering the service, its professionals will have more time and resources, be able to get information on cases further in advance and prepare a better response by activating all the housing services available, such as rent subsidies or access to social programmes such as the municipal rental pool. Wherever possible, the goal is for families to be able to stay in their homes through agreements with owners.

The SIPHO contract is for 5,091,112 euros, an amount borne by the City Council. The duration is two years, with the possibility of extending it for a further two.

Over 1,800 families helped by the service in 2022

The municipal eviction mediation service provided support for 1,881 new families in 2022, representing 4,357 people in all, a third of them minors. Some 49% of these families were facing eviction processes from owners of multiple properties, namely financial entities or private owners with more than ten or fifteen properties.

In terms of housing situations, 40% of processes were due to defaults on rental payments, 30% were for unauthorised occupation, 14% were for expiring contracts and 4% were repossessions.

Some 77% of eviction processes were suspended before the scheduled day and 10% on the actual day in 2022. In all, 87% of evictions of vulnerable families getting support from the SIPHO were stopped.