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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.​

Do you live in Sant Martí? Come to the information sessions on public housing in the area

09/02/2023 - 17:28

Housing. On February 15 and 22, the Barcelona City Council will present to all interested citizens the various actions developed in recent years to expand public and affordable housing in the neighborhoods of Sant Martí.

The Barcelona City Council, through the Municipal Institute of Housing and Renovation, will hold two information sessions open and free to all citizens, which do not require registration, during the month of February, with the expansion of public housing stock in Sant Martí as the centerpiece. Specifically, the first meeting will be held on Wednesday 15 at 6 pm at the Casal de Barri del Parc i la Llacuna, while the second will take place on Wednesday 22 at 6 pm in the Sala d’actes de l’Escola la Pau.

Both sessions will allow citizens to have a broad overview of the commitment made by the consistory, in recent years, to expand public housing throughout the district, as an essential strategy to ensure the right to housing. For example, the different mechanisms available to the City Council to achieve this goal will be shown, such as the construction of new developments, the purchase of properties and apartments from the private market and the acquisition of housing from the private market through programs such as the Rental Exchange.

An expansion of the public park that, translated into figures, reaches 2,000 apartments since 2015, with an investment by the City Council of 244 million euros. In the informative meetings, it will also be possible to learn about the different developments that have been completed in the district these years, as well as those that are in the pipeline, those under construction, and those with land reserves. In total, 1,479 dwellings and 77 housing units. Construction is, in fact, the mechanism that has been boosted the most, ahead of the purchase, which represents 139 dwellings, and the capture, which is 292.

This district is also particularly interesting because of the different types of housing it houses. First of all, the rental housing developments, such as the recently opened to the public C. Lluís Borrassà, C. Venezuela, C. Pallars, or C. Lola Iturbe Arizcuren, as some of the most outstanding. But also for the APROP housing of Glorias and co-housing developments such as La Balma. 

The two information sessions in Sant Martí are part of the City Council’s outreach plan, which has proven to be of great interest to citizens, as demonstrated by the two meetings organized in the Sant Andreu district in January, which were a great success in terms of attendance, and which will continue to be held in other districts of the city.

In addition to the expansion of the public housing stock, the sessions will also mention Barcelona’s Register of Applicants for Subsidized Housing (HPO), the official channel that all citizens must use if they wish to access subsidized housing in the city, which requires prior registration.