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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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How can I access the new public housing development in Sants-Montjuïc?

06/05/2025 - 13:48

Housing. The Barcelona Municipal Housing and Rehabilitation Institute has delivered flats from the Social Rental Fund to families in vulnerable situations.

Barcelona City Council will award the 238 public flats located on Illa Acer among the people registered in the Register of Housing Applicants with Official Protection of Barcelona  

 

Nearly 300 people have come this Monday, May 5, to the first informative session on the homes of the Illa Acer, a promotion of 238 public homes promoted by the Barcelona City Council through the Municipal Institute of Housing and Rehabilitation of Barcelona (IMHAB), of which 62 are under surface law and 172 affordable rent and will be awarded in two different calls.    

The information session, held in the Pepita Casanellas Hall, was presented by Núria Pey, technical advisor of the Sants-Montjuïc district, and led by Esther Ródenas, technical director of the Register of Applicants and Housing Allocation, who was in charge of explaining the characteristics and process of allocating housing.  

Delivery of homes     

  • As explained in the information session, the homes of Illa Acer would be delivered after following the usual adjudication procedure, which will be common to both purchase and rental and which has been one of the points where the public has shown more interest:  
  • Publication of the initial resolution, bases and provisional lists of the participants: where the entire procedure and the list of people who, being previously registered, can opt for a home and to whom this possibility will be communicated via sms or mail and who must actively confirm their interest will be explained in detail.  
  • Publication of accepted and excluded provisional lists. Where those people who have confirmed their interest in these homes will leave. Allegations may be submitted in case of disagreement within 10 days.  
  • Publication of claims resolution and publication of definitive lists of admitted and excluded. Once the allegations have been resolved, the definitive list of admitted and their participation number in the draw are published.  
  • Draw. It is held before a notary and marks the order of adjudication of the houses.  
  • First provisional appointments. The successful bidders must submit all the documentation in accordance with the requirements and financing, in the case of the purchase.  
  • Delivery of homes.  

62 homes for sale with surface right   

Illa Acer dwellings located on Motors Street, 97 will be sold under surface law. It is a sales model in which the right to housing is obtained for 75 years (extendable to 90) at an affordable price. Once this time has passed, the house returns to the developer, in this case the IMHAB (which always remains as the owner of the land), so that it can be reassigned.   

These are homes aimed at family units of two or more people, with a linked parking space and with a price per square meter of 2,400 euros for the house and 960 euros for the parking, so the total cost per floor ranges between approximately 137,100 and 212,000 euros.   

These flats are acquired with a private mortgage that the successful bidders must negotiate with the different banks of their preference, so it is necessary to have savings to cover the part that does not cover the mortgage loan (generally 20%).   

It should be remembered that this sales model allows the inheritance of the apartment to the children (until the end of the initial 75 years), as well as, if applicable, the sale or rental. In addition, other measures are contemplated such as the repurchase commitment by IMHAB during the first 15 years (with the possibility of recovering the money invested, except for VAT). 

172 flats of 1 to 3 bedrooms for affordable rent  

Illa Acer will also have 172 affordable rental flats, located in promotions in Calle Acer, 10; Cal Cisó, 16 and Ascó, 3 and 11, in Illa Acer de la Marina del Prat Vermell.  

These are homes between 1 and 3 bedrooms (some reserved for people with reduced mobility), with a price per square meter of 10.01 euros, which implies a fee of between 400 and 790 euros. They are rented with 7-year contracts, extendable if the requirements of the Register of Applicants are maintained, and with an increase in price linked only to the CPI. In this case, at the time of signing, a fee is paid that is deposited as a deposit in the Incasòl.   

Both calls share general requirements and contingency criteria  

In order to be awarded one of the flats, both in the call for housing for sale with surface rights and those for social rent, the following general criteria must be met:   

  1. Be registered in the Register of Housing Applicants with official protection of the city of Barcelona.   
  2. Be registered in Barcelona.  
  3. Be of legal age (or emancipated minor).  
  4. Not having any home owned (no member of the coexistence unit).  
  5. Demonstrate a minimum income and not exceed the maximum income.  
  6. Affordable rent: between 16,000 (one person) and 29,000 euros (4-6 people) minimum and up to 5 times the IRSC.  
  7. Surface right: between 25,000 euros (minimum) and 6.5 times the IRSC (maximum).  

In addition, in both cases, some contingency criteria are shared, that is, the reservation of a percentage of the flats for some profiles:  

  • 5% of homes are reserved for people with physical disabilities.  
  • 25% for residents in the neighborhood within a radius of 500 meters from the promotion.   
  • 10% are dedicated to single-parent families.  
  • 30% reserved for children under 35 years of age (requirement that must be met by all people in the coexistence unit).   
  • The rest of the flats can be awarded to anyone who meets the general criteria.  

Each unit of co-existence requesting, will be automatically assigned to the contingency group that is most beneficial to it.  

At the end of the session the public was very participative, with questions to solve general and particular doubts. Today, Tuesday, May 6 at 6 p.m., a second training session is planned, in this case in the Sala Anselm Cartañà located in the district headquarters (Calle de la Creu Coberta, 104).