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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.​

New model to create more affordable housing with the private sector

29/11/2019 - 12:02

Housing. The block of 47 flats will be built on a municipally owned plot of land in the Poblenou neighbourhood. Mediaurban (Grup Mediapro) will construct the homes, with the Fundació Habitat3 to manage them.

For the first time ever, a private company is to take on the construction of flats for rent at below-market rates. The block of 47 flats will be built in C/ Badajoz, on a site in the Poblenou neighbourhood known as the ‘Illa Sibèria’. The land has been tendered with surface rights, meaning it will always remain publicly owned. The project is a delegated housing initiative, with Mediaurban (Grup Mediapro) to build the flats and the Fundació Hàbitat3 to manage them.

 

The City Council, via the Municipal Institute of Housing and Renovation (IMHAB), has chosen the project by Mediaurban (the urban content agency belonging to Grup Mediapro) and Fundació Hàbitat3 to build social housing with affordable rents. The homes will be built under a legal regime providing for surface rights to a municipally owned plot of land in the neighbourhood of Poblenou.

The block will have 47 flats between 50 and 80 square metres in size and with protected rents. The development will be on the site at C/ Badajoz, 11-15, a plot of 4,340 square metres known as Illa Sibèria, a former ice factory built at early in the 20th century in the Poblenou neighbourhood. Rents will cost between 5.5 and 7 euros per square metre, well below the average of 13 or 14 euros for this area. The project will be funded with private money.

The homes will have 2, 3 or 4 bedrooms, with one façade giving onto the street and the other onto the interior, as well as a marge living-room, an open-plan kitchen and two balconies with glass doors.

Besides the flats, communal areas will also be created on the rooftop, while the ground-floor premises will be used for an industrial laundry, a library, a section with vegetation and other areas. There will also be a memorial space in homage to the old Plata neighbourhood and the domestic revolution driven by La Sibèria through the industrialisation of artificial ice.

The block will have five staircases, managed by a concierge. The tenants and the concierge will be able to communicate through Habitant, a Mediaurban app which includes functions for managing and reserving communal spaces, reporting problems or anomalies and monitoring energy consumption (through a device fitted in each flat).

Delegated development

This is the first time the City Council has introduced delegated development as a new model, whereby housing projects with affordable rents are awarded to third parties without the ownership of the land ever being lost.

On this occasion, Mediaurban is the company tasked with the architectural project, which consists of designing and building the homes, which will then be managed by experts at the Fundació Hàbitat3, the social rental housing body set up by the third sector board of entities.

The delegated development model is included in the framework of the Barcelona Right to Housing Plan 2016-2025, which anticipates that 25% of the addition to the affordable housing stock in the city is to be achieved through alliances with the private and cooperative sector.

 

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