Tanca Tanca

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.​

The CO-HAB-Raval project receives 80,000 euros to improve the habitability of five properties in El Raval

10/12/2021 - 14:25

Housing. The proposal is aimed at improving the living conditions of local residents in the Raval neighbourhood.

The proposal, one of the six winners of the first call for grant applications for “Proactive city” innovations, is aimed at improving the living conditions of El Raval residents and involves co-designing and co-manufacturing, and the active participation from local residents, a host of microprojects working on the habitability of the properties, the ventilation and lighting of the interior spaces, the accessibility of the common spaces, energy efficiency and the promotion of healthy habits.

The renovation work is being carried out in five properties located in C/ Les Carretes and C/ Sant Ramon, Rambla del Raval, C/ Sant Pacià and C/ Peu de la Creu, which are noted, as with many other properties in the neighbourhood, for their high-density and old buildings.

The projects being worked on involve the co-manufacturing of common roofs for communal use on the roof terraces of two properties, safer and nicer accessible stairs, the installation of a skylight and opening of windows by the stairs to improve the quality of the air inside and provide better comfort and ventilation in the lobby. Work is also being carried out on the stairs of another block of flats, and a prototype being made for improving the lighting in the interior common spaces of another property.

These microprojects are low-cost solutions open to prototyping, dismantling and recycling which can be co-manufactured through simple assisted self-construction techniques and processes. All in all, they enable the empowerment of local residents in managing, transforming and improving their habitable and community space.

More info

Share this content