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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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Barcelona Highlights Its Potential in Technological Innovation and Digital Transformation at the EMA Forum 2025

20/10/2025 - 16:06

Housing. The Deputy Mayor for Economy, Housing, Finance, and Tourism, Jordi Valls, emphasized the importance of investing in technology to improve municipal services.

“The question is not only how we use technology, but how we use it on a large scale to improve public services and citizens’ quality of life,” said the Deputy Mayor during the EMA Forum 2025 roundtable, “Metropolitan Areas as Drivers of Innovation and Digital Transformation”, held within the framework of the World Metropolitan Summit.

During his speech, Valls compared Barcelona to other leading cities such as London or Seattle, which allocate between 4% and 6% of their resources to technological innovation. In this regard, he announced that Barcelona has already increased its investment to 3.5% of the municipal budget, equivalent to 175 million euros per year, mainly devoted to data management and the digitalization of public services.

Three Priority Pillars for a Digital Barcelona

Valls outlined the three main pillars of the city’s technological strategy:

  1. Cybersecurity, to ensure the protection of citizens’ personal data.

  2. Smart data management, aimed at optimizing decision-making and urban planning.

  3. Digital citizen participation, to promote collaboration between citizens and the City Council through innovative platforms.

He also stressed the importance of collaborating with the city’s startup and emerging business ecosystem to drive smart city projects and generate new economic and employment opportunities.

“Barcelona has a strong and creative ecosystem. We must work hand in hand with local talent to diversify our economy and strengthen our European leadership in urban innovation,” said Valls.

A Metropolitan and European Vision

The Deputy Mayor placed this strategy within a broader metropolitan and European framework, highlighting the need to increase technological investment to remain competitive against major global players. According to Valls, the largest American tech companies have a market capitalization equivalent to ten times Spain’s GDP, underscoring the scale of the challenge and the need for a coordinated response from Europe and metropolitan cities.

With this approach, Barcelona reaffirms its commitment to positioning itself as one of Europe’s leading capitals of technological innovation applied to urban management, contributing to a more efficient, sustainable, and participatory city.

As part of the event, a visit was made this week to the Illa Glòries housing development — the largest public housing project in Barcelona — consisting of four buildings with a total of 238 homes, promoted by the Municipal Institute of Housing and Rehabilitation of Barcelona.