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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.​

Adjudication of three new collective housing developments

31/07/2020 - 13:12

Three cooperatives will construct new buildings in municipal plots located in the districts of Sants-Montjuïc, Sant Andreu and Nou Barris.

The Barcelona City Council, through its Municipal Housing and Rehabilitation Institute, has published the winning bids of the tender for constructing new buildings under a use assignment system. Three cooperatives will construct new collective housing developments on municipal plots in the districts of Sants-Montjuïc, Sant Andreu and Nou Barris.

The winning cooperatives were La Mangala (Sotrac), for the construction of a development of 45 official protection homes at Carrer de la Constitució nº 43; Cohabitem Sant Andreu, for the construction of a development of 30 official protection homes at Carrer sense nom nº 10-12 of Les Casernes de Sant Andreu; and Cohousing Barcelona, SCCL, for the construction of a development of 27 official protection homes at Carrer Aiguablava nº 74-76 in Trinitat Nova.

All three cooperatives entered the public tender, and on the basis of the cooperative social projects they submitted they were selected for a second phase which took into account the relationship of the architectural project with the space and criteria such as the acoustic comfort and energy efficiency of the proposals. The three projects will signify the construction of 102 new cooperative homes.

 

Barcelona, the first city in the Country with collective housing projects in motion

This is the second public tender of plots initiated by the Barcelona City Council. The first tender procedure was announced in November 2016, receiving 16 projects for 7 plots offered. Finally, four were awarded to construct a total of 89 homes in a collective housing system in the districts of Ciutat Vella, Sants-Montjuïc, Nou Barris and Sant Martí. At present, three of these four works are in progress.

The second tender, then, reinforces one of the priorities of the Council’s actions included in the 2016-2025 Housing Right Plan, focussed on enlarging the public housing stock in the city of Barcelona, offering new opportunities to cooperatives and social housing developers. At the present date, a total of 10 plots have been placed at the disposal of the cooperative movement to construct approximately 250 homes there. To these projects we also have to add two others that are already in progress: two buildings with 5 and 28 homes in a cooperation system in which neighbours are already living, at Carrer Princesa 49 in Ciutat Vella and Carrer Constitució 85 in the Sants-Montjuïc district.

The next step will be to start working on an agreement to regulate the supply to the social housing developers of municipal land for rental housing and assignment of the use right (collective housing). This would facilitate a faster and less cumbersome system of awarding than tender proceedings. In this respect, the City Council’s intention is to promote the model of collective housing, and to this purpose it aims to place at the disposal of social operators the development of 600 homes addressed to mitigating the housing emergency, a part of which would be allocated to the assignment of the use right.

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