Demolition work gets under way in Vallcarca ahead of the construction of a new block of protected housing

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.

Pla Viure. The two families who were living here until now have been transferred to other municipal protected homes in the same neighbourhood.

The new block, with thirty officially protected homes, will start being built once the current work on streets and services in the Can Farigola neighbourhood concludes. The two families who were living here until now have been transferred to other municipal protected housing in the same neighbourhood.

The building in C/ Mare de Déu del Coll was acquired by the City Council as a result of the urban reparcelling process in the neighbourhood. The Barcelona Municipal Institute of Housing and Renovation (IMHAB) is working on the preliminary stages of development for a new block of homes. The provision is to tender the project in 2025 so that work can get under way in the next term of office.

Construction work should begin once the streets and services in the so-called services ring have been completed in the neighbourhood of Can Farigola in Vallcarca. Specifically, this work will improve the urban quality of various streets, including C/ Mare de Déu del Coll, and the construction of services such as pneumatic waste collection, which will need to be connected to the future blocks. Work began in April with an investment of 6.78 million euros and will take twenty months.

In the same neighbourhood, in C/ Farigola, another new IMHAB block of fifteen homes is planned, also to be built in the next term of office. In all, the urban planning for Vallcarca allows for up to 500 homes, 40% of which will be officially protected and built on municipal land, including the buildings to rehouse those affected by the changes and two blocks already delegated and under construction, providing sixty protected rental homes and cooperative housing.