More public housing with affordable rents in La Verneda i la Pau

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.

Housing. Work gets under way on the project in Lola Iturbe Arizcurne, with 40 protected homes through an innovative design.

Building work gets under way on a public housing development with affordable rents in C/ Lola Iturbe Arizcuren, in the neighbourhood of La Verneda i la Pau. The project, with an innovative and sustainable design, has a budget of 4.99 million euros and is expected to be completed in the first quarter of 2024.

The building in C/ Lola Iturbe Arizcuren will have eight floors, with five flats on each, plus a green rooftop. This was a winning project in a public competition, put forward by the architects Vicente Guallart Furió and Daniel Ibáñez Moreno, along with the construction company ACSA Obras e Infraestructuras, SAU.

The main façade will face C/ José Garrido Gámez, with the main entrance in C/ Lola Iturbe Arizcuren.

A solar greenhouse will be installed on the rooftop to cultivate food, with 45 solar panels and aerothermal systems for the homes, plus tubs for planting small trees.

New construction methods

The new building is one of the six industrialised construction projects resulting from public competitions, designed with the goal of reducing the environmental impact and shortening building times. Thanks to innovative construction methods, the Lola Iturbe project will have a structure made with cross-laminated timber (CLT) and a vertical structure with load-bearing walls also made with CLT.

This new public housing block, developed with industrialised constructions methods, follows in the footsteps of other innovative projects in Barcelona, such as the APROP temporary local housing blocks, two of which have now been completed and provide more than sixty flats in the city.