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.​

New renovation subsidies: over 71 million euros for an energy efficient city

28/06/2022 - 17:52

Housing. The goal is to renovate 15,000 homes in the next three years.

The subsidy call is now open for energy renovation projects in city housing, which the latest study by the Municipal Housing Observatory indicates as ageing and vulnerable in terms of energy. Public investment for the subsidy call will amount to 71 million euros (41 million to come from the EU’s Next Generation funds), the largest sum earmarked to date for renovations of this type. The goal is to renovate 15,000 homes in the next three years.

Renovating a home to improve energy efficiency represents an estimated saving of 620 euros a year on power bills and helps reduce CO2 emissions by 811 kilogrammes per renovated home.

Applications can be made until 30 June 2023, with action organised into three different areas: housing, whole buildings and neighbourhoods. Professional associations of quantity surveyors, technical architects and building engineers, as well as the Architects’ Association of Catalonia and the Association of Building Administrators for Barcelona-Lleida, will be collaborating in processing applications for buildings, to help speed up the validation process for projects.

Projects will be eligible for subsidies of up to 3,000 euros and will have to reduce energy consumption by at least 30% and the annual energy demand for heating and air-conditioning by 7%. In the case of whole buildings, subsidies can cover between 40% and 80% of the savings achieved.

For neighbourhood projects, action is planned within the area covered by the Neighbourhood Plan, where highly complex buildings are located, and in a further six neighbourhoods: La Pau, Canyelles, Trinitat Vella, Congrés i els Indians, Can Peguera and El Besòs i el Maresme, with a population of 87,500 inhabitants, roughly 350 buildings and 11,000 homes.

The subsidies form part of the urban regeneration strategy in vulnerable neighbourhoods with a run-down housing stock, to implement social, environmental and economic measures which help improve conditions for local people and reduce inequalities.