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.​

New office to head the development of La Marina del Prat Vermell

28/12/2020 - 13:27

Urban planning. Housing, green areas and economic activity will all be promoted in the new neighbourhood.

Approval has been given for an office to be set up to lead the development of the neighbourhood of La Marina del Prat Vermell, in the district of Sants-Montjuïc. The project will transform an area of 75 hectares (equivalent to 40 blocks of L’Eixample) to create a new neighbourhood with 12,000 homes and 28,000 inhabitants, providing a new hub for life and economic activity, with between 8,000 and 11,000 new jobs.

A new amendment to the Metropolitan General Plan was approved in 2019, along with a new special infrastructures plan for La Marina. The project is for the gradual transformation of the neighbourhood, currently exclusively industrial, through a mixed plan to generate community life through housing, green areas and economic activity. Of the 12,000 homes, some 5,160 will have official protection. There will also be 1,086 homes with services for groups with emancipation difficulties, and 5,700 other homes.

In terms of economic activity, 320,000 square metres of buildable space has been reserved for commercial and tertiary uses and should mean between 8,000 and 11,000 jobs.

Greenery will be one of the cornerstones of the new neighbourhood. The plan sets out 13,34 hectares of open space, with a central park for the neighbourhood to be located between C/ Arnes, C/ Ascó, C/ Pontils and C/ Cal Cisó. There will also be a civic street running in parallel to C/ Foc for 720 metres.

New office to head the project

The new office has been conceived to transcend traditional urban management and define the integrated management of the whole area in line with criteria on environmental sustainability and urban quality. Besides spatial organisation, various projects are being developed around La Marina del Prat Vermell, mainly of a tertiary nature. The office will work to facilitate planning, management, construction, urban development and the promotion of infrastructures, along with activities linked to green spaces, to prioritise public transport ahead of private vehicles and to foster the creation of green energy. There will also be backing for a hybrid economic fabric based around local commerce, with continuity for the economic promotion set out in the Neighbourhood Plan for La Marina.

On the social front, work will actively pursue the integration of new inhabitants and existing residents, with programmes for the strategic location of new facilities which take into account social and environmental criteria, and which promote an active community network and foster a sense of belonging to the neighbourhood.

Calendar, state of development and budget

The transformation of La Marina is a long-term project, to be completed over a period of sixteen years, but is already under way. The amendment to the general plan delimits fourteen sectors to be developed through the subsequent fourteen urban plans to specify spatial organisation. Of these, four have already had their derived planning approved and are currently at the urban management stage, two sectors are in the process of getting their derived planning through and one sector is at the preliminary study stage.

As regards housing, three blocks with 168 protected homes have so far been built, with a further four projects under way to build another 417 homes.

This term of office will see around 57 million euros of the municipal budget invested in this area. Four million of this is for general infrastructures, while 51,87 million is for the housing developments currently under way and the two to be started shortly.