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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.​

Handover of keys to the apartments of a new development of 68 homes in the Llacuna neighbourhood of El Poblenou

28/07/2020 - 10:44

The project has the highest energy classification and will provide an alternative of affordable housing for some 280 persons.

The Barcelona City Council, through its Municipal Housing and Rehabilitation Institute, has commenced the process of delivery of the homes of a new development in the Sant Martí district. It consists of 68 homes which will provide an alternative of affordable housing to some 280 persons. The homes are delivered on a surface right basis, an occupancy regime which safeguards public ownership of the land.

The building has a total useful floor area of over 6,600 m2 and is located in the block delimited by the streets Almogàvers, Ciutat de Granada, Sancho de Ávila and Roc Boronat. It contains homes with floor areas of between 51 and 74 m2, distributed into two stairways. Stairway A, with access from Plaça Dolors Piera 6, consists of a ground floor and six apartment floors, with 4 homes per floor, two homes with main orientation south-east and two with main orientation north-west. The 24 homes of this stairway consist of three bedrooms, kitchen-dining-living room and complete bathroom. The vertical communication nucleus consists of a stairway and two lifts.

Stairway B, for its part, has access from Plaça d’Isabel Villa 2. It is located at the north-eastern edge of the plot and has a ground floor and 11 apartment floors, with 4 homes per floor, two homes with main orientation south-east and two with main orientation north-west. The 44 homes in this section consist of three bedrooms, kitchen-dining-living room and complete bathroom. The vertical communication nucleus consists of two stairways, one lift and a goods lift.

The ground floor of the block has the access to the two stairways (A and B), the meter rooms and installations, 24 storerooms and a stairway to the basement, which contains the technical rooms of the installations.

 

Working to enlarge the city’s public housing stock

The homes have the highest energy classification (A), having been built with criteria of energy efficiency and sustainability. The building is connected to Districlima, an urban climate network which uses residual heat to heat the water. It will be used for space heating and sanitary hot water, meaning that these functions will not be contaminants in this building.

The investment addressed to this project has been €6.6M and forms part of the actions defined by the Barcelona City Council to increase the publicly-owned affordable housing stock in the city. At present the City Council, through its IMHAB, has in progress the works of 11 housing developments with a total of 529 apartments and 10 accommodations. The next step will be the inception of a development of 152 homes in the month of September. All of these actions form part of an unprecedented municipal effort to enlarge the city’s public housing stock. It is calculated that before the end of the year 2020 there will be 2,400 apartments under construction.

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