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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.​

Four new cohousing projects get the green light

24/01/2018 - 14:55

Housing. Four cooperatives are to construct new buildings on municipally-owned land, given over specifically to extend the city’s affordable housing stock.

The City Council has signed over the use of four sites for cooperatives to build cohousing projects on municipally-owned land in the districts of Ciutat Vella, Sants-Montjuïc, Nou Barris and Sant Martí. The winning projects took into account criteria relating to social and environmental aspects, the shared use of basic infrastructures and co-responsible management.

The plots are located in Pg. Joan de Borbó, 11 (Ciutat Vella), in C/ Ulldecona, 26-28 (Sants-Montjuïc), in C/ Pla dels Cirerers, 2-4 (Nou Barris), and in C/ Espronceda, 131-135 (Sant Martí). The cooperatives, which were able to access the sites for the public competition, today signed the agreement for the use of the land and will be able to start their projects in the coming weeks. They are: La Xarxaire, SCCL (in Barceloneta), Llar Jove, SCCL (in La Marina del Prat Vermell), Associació Cohabitatge Cooperatiu (in Les Roquetes), and Sostre Cívic, SCCL (in Poblenou).

Extending the affordable housing stock

The City Council offered the plots in the various districts out to public competition last October for cohousing projects to apply. Eligibility was restricted to cooperatives promoting new forms of access to protected housing.

The competition signals the start of a new means of extending the affordable housing stock in the city, with new opportunities for social housing cooperatives and promotors.

Cohousing

This housing formula enables a community of people to live in a building without being owners or tenants. The extensive lease period varies from fifty to a hundred years and offers below-market prices.

The model involves the City Council or a private owner signing over the use of an unused property or plot of land so that the cooperative can build on it. The members pay a deposit and a monthly quota for the use of their home. They can have lifelong access to a home, even though they will never be the owners: the property belongs to the cooperative and the land will always be publicly-owned, meaning it can never be used for property speculation.

Projects must take into account strict environmental criteria, offer a substantial number of areas to foster community life, as well as the shared use of basic infrastructures and joint management by users.

 

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