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 handed over for 76 new homes with social rents in Provençals de Poblenou

14/11/2024 - 18:39

Housing. The project also includes 60 flats with services for the elderly, to be handed over soon.

The public housing stock in Sant Martí gains 76 new flats in C/ Veneçuela, 96, in the neighbourhood of Provençals del Poblenou. The families moving into the flats will pay monthly social rents that do not exceed 40% of their income. The flats are part of the largest housing project in the district, which also includes 60 homes with services for the elderly and 15 dwellings to be handed over soon. Some 300 people will live in the homes in all.

The homes have been assigned according to type, as follows: 21 flats for people under 35; 17 flats for people from the neighbourhood and surrounding neighbourhoods (Provençals del Poblenou, El Besòs i el Maresme and Diagonal Mar i el Front Marítim del Poblenou; 7 flats for single-parent families, and 4 adapted flats for people with reduced mobility. The rest have been assigned to applicants registered on the Barcelona Register of Officially Protected Homes.

Those moving into the flats will pay a social rent according to the floor space of the home, roughly between 394 and 662 euros a month. The combination of this rent and the communal costs for the homes will not exceed 40% of the income of the family nucleus.

The building has a basement, a ground floor and seven floors of homes. Work began in August 2021 and entailed an overall investment of more than 18.3 million euros.

More sustainable construction

The teams of architects for the project were part of a joint venture between Peris Toral Arquitectes and Eletresjota Tècnics Associats. The development is characterised by its energy sustainability with a bioclimate atrium that regulates the temperature of the homes, and a prefabricated concrete structure that halves the quantity of concrete needed per square metre, in turn halving CO2 emissions.