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.​

The public housing stock is enlarged with 64 new subsidised homes in the Sant Martí district

14/01/2022 - 16:06

Housing. This promotion is the result of a swap between the private developer Corpedificacions and the Barcelona City Council. It is planned for the residents to be able to move in two months from now.

The Barcelona City Council, through its Municipal Housing and Rehabilitation Institute (IMHAB), and Corpedificacions S.L (CORP) are about to finalise the project of a housing development in the La Verneda i La Pau area in the Sant Martí District.

Specifically, the development consists of 64 homes built on the former site of the Cobega factory, located at Rambla Guipúscoa 163-185. It is the result of a swap project between the private developer and the City Council whereby the Council assigns to CORP a property in Can Batlló in exchange for the assignment of the constructed homes of the Cobega development. The building is one of the four blocks that close off the street block contained between the streets Rambla de Guipúscoa and Camí de la Verneda. The three remaining blocks form part of a CORP private rental development.

The municipal corporation assigned to CORP the indivisible 15.54% of its property in the plot resulting from Batlló-Magòria, valued at €10,000,000, in exchange for the assignment of 67 protected homes in a specified regime of the promotion to be developed by CORP on the plot between the streets Guipúscoa, Ca N’Oliva and Binèfar at the boundary of the municipality of Sant Adrià de Besòs. The valuation of the homes was determined at €9,100.000. The difference of value of the swap, €900,000, was paid by CORP to the Council at the moment of formalising the swap.

The works began on 9 September 2020 and it is planned that in March 2022 the new residents will be able to occupy their homes. A total of 9,293 applications were received. The 64 affordable-rental homes of this promotion will be awarded with the next announcement of the Barcelona Social Housing Applicants Register.

The homes

The building consists of a ground floor and seven upper floors, and it has three fewer homes than those included in the initial project, that is to say, 64. In contrast, it incorporates a concierge’s office, a co-working space and a bike storage area. These modifications have signified an economic difference in regard to the specifications agreed in the original swap for an amount of €54,076.41 in favour of the City Council.

There are ten homes on each floor, except for the first and seventh, which have seven. The ground floor includes the concierge’s office and the utility meter rooms. The first floor has the co-working space and bike storage area, and the seventh floor has an exterior space for bikes and clothes lines, which are also included in the covered floor. All of the homes have a living-dining room, with a kitchen integrated with the rest of the rooms to facilitate socialising everyday tasks, and a terrace. Most of the homes also have a space for a washing machine which also serves as a small storage area. Of the 64 homes, 18 have one bedroom (three of them being adapted), 34 have two and 12 have three.

In construction terms, thermal insulation has been planned for the exterior of the façade to eliminate thermal bridges and improve the building’s thermal inertia and therefore its thermal behaviour during the summer months. The planned energy system is an individual aerothermal installation supported by photovoltaic power. The optimisation of the construction system and the efficiency of the energy system have made it possible to achieve homes with the highest energy certification and very significant reductions of the energy demand and the CO2 emissions associated with the climatisation of the building and the use of sanitary hot water.

More than 300 homes in progress in Sant Martí

The City Council currently has in progress the construction of 323 homes and is about to start building 244 more. Of these, 151 are of industrialised promotion, a method which ensures a reduction in the execution periods of the works and their environmental impact. The district also has nine municipally owned plots with urban planning classification for the construction of subsidised and/or social rental homes, two of which are in the land tender process, six in programmed tendering and one in the study phase.