APR

Interest rate that indicates the effective cost or yield of a product. It is used as a reference interest rate to homogenize different types and conditions of loan and credit operations when there are different settlement periods, expenses, commissions, etc.

Valuation

The process by which the real value of a property is calculated, using criteria and guidelines previously defined and based on the International Valuation Standards.

Fixed interest rate

Fixed interest rate, in economics and finance, is the fixed interest rate agreed in the contract that establishes the profitability of savings or the cost of a credit or mortgage.

Variable interest rate

A loan in which the specific value of the interest rate applicable to it does not remain constant over time, but varies according to the evolution of an index or reference known to the parties and which is revised every period of time agreed by the parties.

Land for development

Land that can be legally transformed into urban land through urban planning and management.

Rustic land

Land for agricultural, forestry or environmental protection uses, not for development.

Storage room

Auxiliary space for storage, usually linked to a dwelling.

Transfer of assets

Transaction of sale or donation of real estate between individuals.

Real estate taxation

A set of taxes that affect the purchase and sale, rental or ownership of real estate.

Building tax

Indicator that measures the amount of constructed area with respect to the total land area.

Supply intake

Connection point for basic services (water, electricity, gas) in a dwelling or premises.

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