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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.

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Purchase of the Casa Orsola formalised to use it for affordable housing

Purchase of the Casa Orsola formalised to use it for affordable housing

20/05/2025 - 20:23

Housing. The Fundació Hàbitat3 will manage the property with social criteria.

Approval for the collaboration agreement with the Fundació Hàbitat3 to formally complete the purchase of the Casa Orsola. From now on the foundation will manage the property with social criteria. The socially motivated purchase cost 9.2 million euros, some 30% below the current market price in the neighbourhood of Nova Esquerra de L’Eixample. The City Council has acquired 45,68% of the building, with the foundation purchasing 54,32%.

Barcelona City Council and the Fundació Hàbitat3 announced the purchase of the Casa Orsola in February through an innovative formula promoted by Hàbitat 3, putting a halt to the eviction processes and turning the vacant homes into protected ones.

Located between C/ Consell de Cent, 122, and C/ Calàbria, 137, the building has 26 homes and 4 commercial premises. Nine of the flats will form part of the public housing stock once the temporary contracts end and empty flats are recovered, while the rest of contracts will be maintained and reviewed in line with current regulations.

The operation was possible thanks to the mediation of the Barcelona Ombudsman and represents a new model of collaboration between the administration and the third sector to guarantee the right to decent and affordable housing in the city.

 

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