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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.​

Agreement to promote more housing, local commerce and green spaces at La Maquinista

16/07/2021 - 16:22

Urban planning. The deal with the promotors halves the planned extension to the shopping centre from 42,000 to 21,000 square metres to diversify uses.

Historic agreement to implement an urban model for La Maquinista with more housing, more local commerce and green spaces to foster community life, greater connectivity between neighbourhoods and urban integration. The deal with the promotors, the company URW, halves the planned expansion to the shopping centre from 42,000 to 21,000 square metres, to diversify uses.

The new proposal is the result of three years of work with the promotors to refocus the project from 2015 and prioritise the well-being of local people and neighbourhood life. The approval of a new urban plan will enable the change of model to be implemented.

Housing as a priority

The reduction to the expansion of the shopping centre creates 15,000 square metres of new space for housing compared to the initial project, bringing the total to 65,000 square metres. Specifically, the project will see 812 flats built, 294 of them with official protection.

In addition, the urban plan will include a sector of C/ Potosí to create a further 218 protected homes.

Another 5,000 square metres will be used for offices, co-working spaces and gyms, with 1,000 square metres for local commerce.

Integrated with the local environment

The deal also sets a maximum building height of 17 floors for residential buildings, boosts non-pollutant transport and creates a plot of land for a public facility by the Escola La Maquinista, to separate it from the shopping centre and enable it to be extended.

 

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