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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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  3. Forty-seven new flats for the elderly handed over in L’Eixample

Forty-seven new flats for the elderly handed over in L’Eixample

Forty-seven new flats for the elderly handed over in L’Eixample

26/04/2025 - 13:22

Housing. The Germanetes development with homes for the over-65s includes services and communal areas for leisure and relaxation, plus cultivation spaces.

Located in the district of L’Eixample on the corner of C/ Viladomat and C/ Consell de Cent, the new homes include services such as communal spaces for leisure and relaxation, along with cultivation areas. The ground floor of the building will be used as a centre for the elderly.

The flats have a useful floor space of between 41 and 45 square metres and all of them have an outdoor terrace. The rooftop is available for all residents to use as a communal space, with cultivation areas, leisure and relaxation spaces.

Rental prices for the homes are established according to the financial capacity of the tenant with a maximum of 541 euros, including communal costs and services. Twelve of the 47 homes have been reserved for local people from the neighbourhood.

The U-shaped building is on the corner of C/ Viladomat and C/ Consell de Cent. It consists of a ground floor, which will house the centre for the elderly (opening in the autumn), six floors with a total of 47 flats with services, and an underground car park with two levels and a capacity for 33 vehicles. The shape of the site meant a public access could also be created to get to the inner gardens of the block from C/ Viladomat.

This development brings the number of homes with services for the elderly in Barcelona to 1,825 in all. Managed by the Municipal Institute for Social Service, the model of homes with services for the elderly in Barcelona includes features such as telecare phone lines, multi-purpose halls for communal activities, concierges, professionals in geriatrics, cleaning and internal alarms in case any incidents occur.   Social activities are also organised to combat unwanted loneliness. The goal is to reach 2,000 homes with services for the elderly this year.

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