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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.

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.​

More public housing in Nou Barris

29/04/2021 - 17:03

Housing. Work starts on a block of 67 protected flats in Trinitat Nova.

Work has started on a block of 67 protected flats which could house up to 160 people in C/ Palamós, in the neighbourhood of Trinitat Nova. This is the second development to get under way in the space of a few days in Nou Barris, where over 350 homes are to be built in 2021.

The Municipal Institute for Housing and Renovation (IMHAB) will award leases for the 67 flats, with the awardees to acquire the surface rights for the properties for a period of 75 years at prices well below market rates, guaranteeing the continued public ownership of the land. The project involves a municipal investment of 9.6 million euros and work is due to be completed in the first quarter of 2023.

The building will have a ground floor and five floors of homes, with two and three-bedroom flats of 69 and 79 square metres respectively. In addition, five flats will be adapted for people with reduced mobility.

The construction project is for a cruciform building, meaning all homes get continuous contact with the exterior. The project also pays special consideration to energy saving measures, respect for the environment, increased comfort, cross-ventilation in all homes, direct sunlight in all living rooms in the winter, more insulation in the façades, optimal use of natural light etc.

More than 350 public homes in the district

Three more publicly protected housing projects are currently under way in Nou Barris. One is a development of 47 homes with services in Torre Baró, due for completion in the second half of 2022, one is a co-housing project by the cooperative Sostre Cívic in C/ Pla dels Cirerers, with 29 homes to be completed at the end of this year, and the other is the development with 31 rental homes in Torre Baró, which should be ready in the first quarter of 2023.

This year should also see the start of work on two more developments in the neighbourhood of Trinitat Nova, with 179 flats for rent or lease. In all, the stock of protected housing in Nou Barris is to get a further 353 homes, providing housing for some 880 people.

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