Promotion of 641 public homes with social rents with funding of €113M from the European Investment Bank

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.

Housing. The Full Council authorises the IMHAB to formalise a new loan to build new homes with social rents between 2026 and 2030.

The Full Council has authorised the Municipal Institute of Housing and Renovation of Barcelona (IMHAB) to formalise a financing contract with the European Investment Bank (EIB) worth 113 million euros. This new credit will allow the construction of nine public housing developments with social rents, with a total of 641 new homes in the city.

The loan, which represents 70% of the total cost of the promotions, will be formalised in the coming weeks and should allow work to start progressively between 2026 and 2028, concluding during the course of 2029 and 2030.

PROMOTION	NUMBER OF HOMES
CAP Fort Pienc	64
Casernes de Sant Andreu, edifici A	69
Trinitat Nova, edifici H	83
Illa Nubiola 22@	85
Teatre Talia	54
Casetes Encarnació	15
Bon Pastor, J1+J2+J3	108
Bon Pastor, I2	80
Antiga Clínica Quirón	83
TOTAL HOMES	641

Third loan between IMHAB and EIB

This is the third contract between IMHAB and the EIB for the financing of protected housing in Barcelona. The previous two, signed in 2017 and 2021 for a total value of 120 million euros, have made it possible to build 25 protected housing developments in the city -co-financed by the CEB- with a total of 1,714 homes.

With this new funding, the EIB recognises the key role of cities in addressing the housing crisis and responds to the demands expressed by Barcelona through the Deputy Mayor, Jordi Valls, as a city promoting the Mayors for Housing initiative. The shared objective is to increase the supply of affordable housing, both for people with low and medium incomes, and to do so with sustainable and innovative criteria.

This loan from the EIB comes in addition to the 175 million euros signed last March to fund urban regeneration projects within the Municipal Investment Plan (PIM) 2024-2027, which includes action in green spaces, sustainable mobility and public facilities.