Tanca Tanca

Housing Glossary

You will find information here on all topics relating to housing in Barcelona


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.


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.


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.


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.


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.


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.


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.


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.​

Four construction companies vie to become part of the joint metropolitan housing operator

25/10/2020 - 09:11

Housing. The project will create the first public-private joint venture for affordable rental housing in the metropolitan area.

The public-private housing venture Habitatge Metròpolis Barcelona (HMB) is closer to becoming a reality. Four construction companies have progressed to the second stage of the selection process to become a private partner, following an initial stage in July where they were required to prove their economic solvency. The final choice will be made in the spring of 2021 after a period of negotiation with each company.

The four constructors in the second stage of the selection procedure to form part of the HMB, the first public-private joint venture for affordable housing in the metropolitan area, are:

  • Habyco-Construcciones Rubau
  • Oaktree-Sdin Residencial-Sogeviso (Grup Sabadell)
  • Cevasa-Neinor Homes
  • Visoren

All four have proven experience in the promotion, construction and management of housing with protected rents, and between them they manage a portfolio of 5,665 protected and affordable homes.

A period of negotiation with the companies will begin in January 2021. Sometime in the spring, depending on how long the negotiations take, the relationship with the successful company can be formalised so that the public company Habitatge Metròpolis Barcelona becomes a joint public-private venture.

The initial contribution from the private partner remains 12 million euros, which will be made in addition to the 12 million from administrations (50% from the AMB and 50% from Barcelona City Council). The minimum amount of private capital to be invested will be between 57.8 million euros and 103.7 million euros, with a possible variation of 20%.

Nearly 4,500 homes with affordable rents

HMB is a pioneering project in the Spanish state, an innovative initiative with a model which is similar to projects implemented in other cities such as Vienna, Paris, Amsterdam, Berlin, Stockholm and London.

The goal of the joint venture is to build 4,500 flats with affordable rents in the city and the metropolitan area in six years, tackling the housing emergency and defending the right to housing.