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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.​

Faster, more eco-friendly and efficient construction to create public rental housing

19/10/2020 - 16:49

Housing. Invitation to tender for the construction of 212 flats with affordable rents on four city sites using industrialised construction techniques.

Invitations to tender have been published for public housing projects for four plots of land in the city. The projects use new industrial construction techniques which enable building times to be cut and the environmental impact of the materials used to be reduced. The projects will create up to 212 flats which, in contrast to the APROP homes, will provide permanent housing.

The Barcelona Municipal Institute for Housing and Renovation (IMHAB) is looking to give a boost to prefabricated housing. According to the technical clauses for the project, architectural quality, quicker building times, energy consumption and CO2 emissions associated with the construction materials account for 85% of the score, meaning these will be the key factors when it comes to awarding the projects to companies.

The projects will provide 212 protected rental flats with services at four sites, all located in the district of Sant Martí.

  • Carrer de Pallars, 477
  • Carrer del Marroc, 180
  • Carrer de Binèfar, 22
  • Passatge d’Arriassa, s/n

The homes will be constructed in workshops or factories and later assembled on-site, reducing construction times. The time needed to build conventional blocks of flats is around 53 months, but this industrialised system will mean that time is no longer than 37 months.

The municipal budget for building this industrialised housing is 20.4 million euros, a figure which may vary once the projects are tendered, depending on the economic bids by the winning companies. The final number of flats may also vary.

More public housing under way

This project for industrialised public rental housing comes in addition to the 54 developments already under way in the city and the ones which will begin in the next few months. Between them all, the IMHAB is set to build a total of 7,915 flats.

 

 

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