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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.​

Round of grant renewal applications, totalling 8.6 million euros, for paying rent

06/10/2016 - 10:15

Grants. Barcelona City Council is opening a round of grant renewal applications for paying rent.

 

Barcelona City Council is opening a round of grant renewal applications through the city’s Housing Consortium. These grants are aimed at people at risk of social exclusion who are unable to pay their rent and who have benefited from the previous round of grant applications in 2015, to ensure they keep their homes.

A total of 8.6 million euros has been set aside for this new round of grants: the funding is intended to pay for any grants arising from last year’s (2015) round.

To be eligible for the grants, applicants must meet the following requirements: they have to be benefit recipients of last year’s (2015) round, their home has to be in Barcelona and their regular and permanent residence; their monthly rent should not exceed €800 and the percentage of income from the housing unit allocated for paying the rent has to be at least 30%.

Similarly, applicants must be able to confirm legal residence in Catalonia for five years, be officially registered at the address of the home in question and be recognised as a person at risk of social exclusion under the provisions set out in Act 18/2007 on the Right to Housing. Terms and conditions on can be found in The Official Journal of the Generalitat of Catalonia (DOGC) of 22 September.

The grants are awarded for a maximum of 12 months and the monthly amount of the award is for a maximum of 300 euros and minimum of 20 euros; the maximum amount may exceptionally be increased provided there is a supporting report issued by the municipal social services.

Social emergency financial grants for maintaining rented housing are awarded through the Barcelona Housing Consortium, a public body made up of the City Council and Generalitat [regional government] of Catalonia which is tasked with the housing-related duties, activities and services in Barcelona.

The deadline for applications is 31 October 2016. If you wish to apply for one of these grants please contact your nearest Housing Office.

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