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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.

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Eleven-storey building purchased in Camp d'en Grassot to expand the public housing stock

Eleven-storey building purchased in Camp d'en Grassot to expand the public housing stock

09/08/2025 - 10:27

Housing. The right of first refusal was exercised, and all the flats will be designated for social housing.

Located on Pasaje de Alió in the Camp d'en Grassot neighbourhood of Gràcia, this eleven-storey building was acquired through the right of first refusal. It contains eleven vacant flats, which will be renovated and added to the Barcelona Social Housing (HPO) Applicants Register. The total investment, including renovation costs, amounts to 2.16 million euros.

This acquisition helps provide public housing in an area where supply is limited and new construction is challenging. It also gives the building a social purpose, transforming a property that had been a source of tension in the neighbourhood due to security and community issues until late 2024. The building was vacated for health and safety reasons before being thoroughly cleaned and disinfected.

The property spans 553 square metres across a ground floor and four upper levels. All the flats are currently empty and will be designated for social housing. The combined cost of purchase and renovation comes to 3,902.68 euros per square metre — around 20% lower than the Camp d’en Grassot neighbourhood average of 4,884.20 euros per square metre.

This initiative is part of Pla Viure, which focuses on acquiring properties for social housing, especially in densely populated areas at risk of gentrification. Alongside this, a new by-law on the right of first refusal is being developed to improve purchasing criteria and encourage collaboration with social and non-profit organisations.

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