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.​

La Model to become a hub for facilities and a large green space

23/09/2022 - 10:38

Housing. The spatial planning project for the site of the former prison creates facilities and social housing, along with a new urban park preserving heritage and taking environmental aspects into account.

The plan for the Model, designed with the team from the winning project ‘Model, batega!’, the process will allow for projects to be drafted for facilities to be built in the first stage: an all-through school, a multi-purpose sports hall and a memorial space. The proposed transformation entails the renovation of the administration buildings, maintaining their volume. These are in C/ Entença, C/ Tallers and C/ Nicaragua. The panoptic tower will also be maintained, highlighting the value of the three main constructions at La Model without adding new construction elements or distorting or altering existing heritage.

The site will also include a large urban park, minimising demolition work and new construction to reduce the environmental impact and cost. In addition, the document sets out the seven public facilities and spaces which will provide service for the neighbourhood and the city: the memorial space, an all-through school, a nursery school, an assisted residence, a multi-purpose sports hall, a young people’s space and others for the social and solidarity economy.

The public housing in the wings coming off the panoptic tower should have 121 homes in all. These will be homes with services, designed for young people and the elderly and distributed across three floors. The plan for the space in the panoptic tower should be used to create a large central square, a multi-purpose space and exhibition spaces on the first floor.

Transformation in stages

The first projects to be implemented will be the all-through school, the sports hall, the energy supply system and the memorial space. The projects for these should be drafted and public tender processes launched early in the year, with an expected budget of 2 million euros. The goal is for the first stage of the projects to be operative between 2026 and 2027.

For the moment, the increase in the current provisional uses of La Model is under way with the work and studies for short-term action, as called for by local people and organisations in the Esquerra de l’Eixample neighbourhood. The drafting process is under way to open a provisional inner quadrangle with a revamp of the courtyard, as is the drafting of a project to condition the first floor of the Entença building for use by local people.

Finally, a display is to be organised to explain to local people what is going on at La Model and what will happen inside the building, which will be named “La Model es transforma”.

By way of consolidation, the current planning regime needs to be updated and an Amendment to the General Metropolitan Plan (MPGM) made so that the site is classified as a facility and open area, allowing for the planned set of public facilities to be cerated.