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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.​

New plan to double homes with services and distribute them in all neighbourhoods

18/11/2020 - 15:16

Housing. Up to 7,500 new homes can be created for vulnerable people, young people, students and the elderly.

A process is under way for an Amendment to the Metropolitan General Plan (MPGM) regulating the implementation of temporary housing, allowing the number of homes with services to be doubled. The change will enable 7,500 new homes of this type to be added, increasing the total number in the city to 13,370. Priority will be given to the public promotion of these homes, which will help cover the temporary residential needs of vulnerable people, young people, students and the elderly.

The measure is based on a new type of accommodation with services, defined by the Government of Catalonia and establishing that they can be located on sites classified as being for private or public communal facilities.

This means that 5% of sites classified as being for facilities in the city, some 41.52 ha in all, can be used for this type of accommodation, a third more than at present.

What type of accommodation can be implemented?

  • Housing with services for young people, the elderly, students and vulnerable people.
  • Accommodation linked to healthcare: for people providing support for minors or dependent people, people who need to isolate and people in long-term treatment.
  • Accommodation linked to social assistance: people at risk of exclusion, women who suffer male violence, dependent people and young people linked to labour insertion programmes for people over 20 etc.
  • Student accommodation and halls of residence.
  • Accommodation for the purposes of work linked to a cultural production facility.

Pricing, both public and private, and the characteristics and dimensions of each type of accommodation, will be set with a by-law to be drafted in parallel with the urban plan.

The measure, initially approved by the Commission for Ecology, Urban Planning, Mobility and Infrastructures, will continue to make its way through the municipal administrative process.

 

 

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