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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.​

“With today's prices and everything that's going on, this is very welcome help”

13/11/2020 - 17:36

Housing. Awardees and neighbours of the district have visited the new public housing development in Via Augusta in an open day

Almost a hundred people registered for the opening day of the new official protection homes of the development located at Via Augusta 401-403, constructed by the Municipal Housing and Rehabilitation Institute (IMHAB). Among the visitors there were awardees of the housing developments, who wanted to see the flats where they will live from now on, along with residents of the district and the city who wanted to get to know at first hand the building and the housing developments being carried out by the Barcelona City Council.

This development will include homes reserved for various social groups, such as young people, single-parent families or neighbours of the district. Enric Garcia is one of the awardees: he entered the draw as a neighbour of Sarrià and is especially happy to be able to continue living in the same district, but he also values the fact that the flats are addressed to all types of social groups. “Everything that helps is very welcome, both for the people of the neighbourhood and for those from outside. In this, we’re all in the same boat,” he says. Enric and the rest of the neighbours will sign their contracts in the coming days, and in December they will be able to move into what will be their homes from now on. “We’re very happy and excited, it’s a great help with today’s prices and everything that’s going on. We’re very happy, and especially that something like this can happen this year,” says this new resident of the public housing stock.

The development located at Via Augusta 401-403, in the Sarrià district, is the first of the four new developments and of the more than 100 homes the Barcelona City Council will deliver this month. It contains 13 homes, 13 storerooms and 9 parking places, all at affordable rents. The building is distributed into a parking basement, ground floor and four upper floors. Of the 13 flats, 5 have 75 square metres and 3 bedrooms and 8 have 55 square metres and 2 bedrooms.

During the open day, a guide explained to the registered persons the principal characteristics of the building, particularly the façade overlooking Via Augusta, which has overhanging balconies with some external panels to protect the residents’ privacy and deaden the noise from the street. He also highlighted the reduction of emissions and the energy saving rating, since it has an aerothermal installation which produces hot water and drives the heating, along with a hygro-regulated ventilation system. He also pointed out that the area is well connected with the rest of the city by public transport, and that close at hand it has educational and medical centres and green spaces like the Collserola Hills. The investment for the construction of this development has amounted to some 1.8 million euros.

Protected housing, a priority

In recent years, the Barcelona City Council, by way of its Municipal Housing and Rehabilitation Institute (IMHAB), has been working to enlarge the city’s public housing stock as a measure for guaranteeing the right to decent housing. Since the year 2015 it has set in motion the construction of almost 8,000 flats, and the Council now has 73 active developments, 18 of which are completed, 24 are under construction, 25 are in the planning process and 6 are in the land reservation stage. In the coming weeks and months, four of these new completed developments will be handed over to 109 family or cohabitation units, that is, approximately 270 persons.

The Mayoress of Barcelona, Ada Colau, who has visited the Via Augusta development, has emphasised that these developments which are now being delivered form part of the City Council’s commitment to enlarge a public housing stock which in the year 2015 was only 1%; and she has recalled that the Council is the administration that has invested most in the construction of protected housing, which has to respond to the needs of everyone: neighbours, senior citizens, young people or persons in a situation of housing emergency. For this reason, she has said, each development has homes reserved for these social groups.

During the coming weeks, the keys will also be handed over of the developments located at Carrer Comte Borrell 159 (Espai Germanetes), Carrer d’Alí Bei and Carrer de Cal Cisó, which total 109 affordable-rent and social rental homes and with services for senior citizens. The municipal investment for these developments has amounted to some 17.5 million euros.