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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.​

People living in rental homes are among those most affected by the Covid-19 crisis

28/05/2021 - 12:35

Housing. International experts discussed affordable rents at the Eurocities WG Housing Meeting.

Representatives of fifteen European cities gathered last week at the six-monthly Eurocities WG Housing Meeting. On this occasion the session focussed on the situation of home rentals and the impact of Covid-19. Housing technicians from Munich, Vienna, Zurich, Lille, Dublin, Milan, Ljubljana, Ghent, Amsterdam, Brno, Florence, Bratislava, Vilnius, Berlin and Barcelona exchanged reflections on the problems detected, particularly linked to the difficulties in achieving cities with affordable rents. In this respect, the experts emphasised tenants’ increased difficulties in facing rent payments and the growth of waiting lists for social housing.

The meeting also placed special emphasis on the impact of Covid-19 in urban society. The participants discussed the impact of the pandemic in housing matters, the rent subsidies that were passed and their effects. In concrete terms, the Spanish case was cited as being one in which the greatest diversity of measures have been taken, and data were provided on the impact of the subsidies in Barcelona. According to data of the Barcelona Metropolitan Housing Observatory, only 26% of tenants accessed various mechanisms and aids for rental to adjust their contracts.

The case of Ljubljana was also cited, where only 5% of renters had requested a moratorium of rent payment. According to the representatives, people living in rented homes form one of the collectives most affected by the crisis. In this respect, the International Union of Tenants (IUT) highlighted the importance of extending the subsidies to protect tenants and regulate rent prices, a point which was emphasised by the Economic Studies Institute of Berlin (GIW-Berlin), which referred to the added complexity of applying regulations to home rentals at a moment when prices may fall as a consequence of the economic crisis.

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