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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 roadmap for the 22@

18/02/2020 - 19:31

Urban planning. Action will take into consideration the agreements made with representatives from the institutional, social, cultural, residential and university spheres.

The Commission for Ecology, Urban Planning and Mobility has agreed to the suspension of planning permission for sites in the 22@ neighbourhood which have no existing plan or planning applications currently being processed. The goal is to rethink their use for new economic, housing and municipal purposes. The agreement affects 21.55% of the land in the area and the suspension period will last four months. During that time, action will be defined taking into consideration the input from the participatory process for local people ‘Repensem el 22@’, and the agreement with institutions, economic stakeholders and universities to move toward a more inclusive and sustainable 22@.

The urban plan for sites in the 22@ area with no planning applications under way will adapt to the needs and demands of the various economic, social, residential and academic stakeholders who share the neighbourhood. The suspension will not affect projects for which planning permission has already been granted.

Boost for the economy and protected housing

Some of the main demands made in the participatory process ‘Repensem el 22@’ include boosting protected housing and municipal facilities to protect the traditional urban fabric of the area and the industrial heritage of Pobelnou.

In terms of economic activity, the agreement to make the 22@ neighbourhood more inclusive and sustainable calls for technological innovation to be strengthened and further backing for the development of the creative industries, the 4.0 industry and the green economy.

Calendar for action

The government measure to define the use of the sites will be presented at the full council meeting for March, enabling the new urban plan for the area to get initial approval in June.

 

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