More public housing, new facilities and green space in Poble-sec

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.

Urban planning and infrastructures. Work is expected to start in 2029 and end in 2033.

The Government Commission has approved the special urban planning and improvement plan to develop the residential fabric of the area around Fira de Barcelona and La Model, allowing for the creation of 500 accessible homes and 48 homes with services, a new network of local facilities and more than 6,800 square metres of green space. The transformation of the area has a budget of 90.6 million euros, with work due to start in 2029 and conclude in 2033.

The process is another step towards making the mountain of Montjuïc and its neighbourhoods a new metropolitan centre and consolidating it as a green lung and epicentre for major cultural and sports events.

New facilities and affordable housing

The project organises three closed blocks next to the current Plaça Univers and generates a new open central space of 2,400 square metres and a small square of 800 square metres, which will act as a meeting space and articulate housing and facilities.

The project promotes a new centrality of facilities of 18,400 square metres for education, healthcare, care and support, sports, socio-cultural and administrative uses. A new primary healthcare centre is also planned, with access from C/ Lleida and from the new square, plus the enlargement of the Espai Bombers, the enlargement of the playground at the Escola Mossèn Jacint Verdaguer, the recovery of Pavilion 2 for a multi-purpose sports hall, the relocation of the City Police vehicle compound and one of the housing blocks.

New green spaces

In addition to the buildings and facilities, a further 6,858 square metres of new green space will be added with abundant vegetation, shade, urban furniture, children’s games and places for people to spend time in, designed with universal accessibility and climate comfort criteria. An intersecting public thoroughfare will connect C/ Lleida with the prolongation of C/ Guàrdia Urbana.

The urban planning for the new residential fabric will be explained to residents in Poble-sec in an information session on Thursday, 11 December.

Remodelling of the Palau Alfons XIII and the Palau Victòria Eugènia

The Government Commission has also approved the special urban planning and improvement plan (PEUMU), which has the goal of renovating the two palaces, as well as the plan resulting from the Pavelló del Vestit and the Pavelló Multifunctional.

The proposal includes the improvement of accessibility and quality of the free spaces, the spatial organisation of the subsoil for the future L2 station and connections between pavilions. With the incorporation of new cultural and tertiary uses, the PUEMU strengthens the connection with Fira de Barcelona and consolidates Montjuïc as a leading cultural and heritage centre for the city.