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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.​

Responsible consumption as part of a sustainable socio-economic model

15/03/2018 - 17:15

Economy. The new responsible consumption facility promotes a more conscious, transforming and sustainable attitude among citizens towards social, environmental and economic aspects.

A new responsible consumer space has been opened, coinciding with World Consumer Rights Day. The facility will offer activities, resources and proposals based around responsible consumption and awareness, and comes in addition to other initiatives by municipal services already working in this sphere.

The initiative is part of the strategy to boost responsible consumption, which views consumption as a proactive part of the socio-economic model and seeks to place value on other aspects of what we consume, beyond the occasional satisfaction generated by the act of buying something.

The new facility, housed in the newly-renovated Palau Foronda, will carry on with consumer rights services offered by the Municipal Consumer Information Office (OMIC) since 1983, also adding this new perspective on consumption with activities and services for training centres, organisations, businesses and other collectives to be incorporated in stages.

The OMIC dealt with 20,082 enquiries and 6,509 complaints in 2017, with almost half of cases being resolved favourable for consumers and 1,090 being referred to the Barcelona Consumer Arbitration Board (JACB).

A responsible space

The remodelling project for the Palau Foronda was conceived to give certain parts of the building a multi-purpose function, as well as creating a classroom and adapting the multi-purpose room for use by consumer-related entities. The renovation also introduced social and environmental features such as new furniture made from recycled materials and unused items, designed and made by L’estoc, a cooperative promoting labour integration for people with intellectual disabilities.

 

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