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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.​

Pre-paid cards to compensate for school dinners

24/03/2020 - 11:47

COVID-19. The subsidy is for 4 euros per school day while the isolation period for Covid-19 lasts.

Some thirty thousand school children between the ages of 3 and 16 who are entitled to subsidised school meals are to receive a pre-paid card guaranteeing that right during the time they have to stay at home because of Covid-19. The subsidy, funded by the state, implemented by the Government of Catalonia and distributed by the Barcelona Education Consortium, has a value of 4 euros for each school day the child can’t attend school.

The special pre-paid card will initially have 40 euros on it to cover the first two weeks of the state of emergency and will be updated every two weeks thereafter.

How can I get a pre-paid card?

Schools or the Education Consortium will be telephoning families entitled to subsidised school dinners and offering them two options for picking up the card from their child’s school.

  • a) Wait until the isolation period ends.
  • b) Request an appointment to pick up the card as soon as possible, preferably the following day.

How is safety guaranteed?

A team of municipal volunteer workers will handle the distribution of the pre-paid cards at each school. To avoid build-ups of people and minimize risks, the prevention measures recommended by the Public Health Agency will be followed:

  • Staggered appointments: maximum of 15 families per half hour.
  • Safety distance of a metre and a half.
  • Protective equipment: gloves, masks and disinfectant.
  • No physical contact with staff when collecting.

How does the pre-paid card work?

Once collected, the card will be active and ready to use. Its use is restricted to food establishments with card readers.

The cards will be valid for one year.

 

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