Tanca Tanca

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.​

Keys given to the tenants of thirteen new homes in Via Augusta

19/11/2020 - 13:41

Housing. Three flats have been awarded to neighbourhood residents, four to people under 35, two to single-parent families and four to cover general needs.

The Deputy Mayor and Councillor for Sarrià – Sant Gervasi, Albert Batlle, and the Councillor for Housing and Renovation, Lucia Martín, handed over the keys to the thirteen families and householders who will take up residence in the new officially protected homes at Via Augusta, 401-403, built by the Barcelona Municipal Institute for Housing and Renovation (IMHAB). The new tenants can now move in.

The development in Via Augusta, in the neighbourhood of Sarrià, consists of thirteen homes with affordable rents, thirteen storage rooms and nine parking spaces. Five of the flats are three-bedroom homes with a floor space of 75m2, and eight are two-bedroom homes with a floor space of 55m2. The homes are also aimed at different groups: three are reserved for people from the neighbourhood, four are for people under 35, two are for single-parent families and four correspond to general needs. The development is one of four to be made available in the coming months, which between them provide a hundred homes and will house 270 people.

Energy efficiency was a strong consideration in the construction process for the homes, with an aerothermal system which produces hot water and drives the central heating, as well as a humidity-sensitive ventilation system. The façade in Via Augusta is also a notable feature, with a suspended balcony system aimed at protecting the privacy of tenants and keeping out the noise from the street.

A boost for protected housing

Barcelona City Council, through the Municipal Institute for Housing and Renovation, has promoted the construction of nearly eight thousand flats since 2015. Of these developments, 73 are ongoing (18 of these are finished), 24 are under construction, 25 at the project stage and 6 have plots reserved for them.

Barcelona City Council is actually the public administration that has invested the most in the construction of protected housing. This investment forms part of a broader strategy to boost the city’s public housing stock, which five years ago stood at just 1%, below the European average. To increase that stock and guarantee the right to decent housing, the policy is to promo public rental housing on an indefinite basis, to foster public-private collaboration, and to find alternative solutions for emergency situations, such as the APROP temporary housing model The idea behind all this is to help ensure decent housing which adapts to the needs of various groups, such as local people, the elderly, young people and people in emergency housing situations.

 

Share this content