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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.​

Site of the former Teatre Talia to be used for homes with services

20/01/2022 - 14:43

Teatre Talia. The new building will consist of a ground floor for facilities and six floors of housing for groups such as young people and the elderly.

The District of L’Eixample has used an expropriation process to acquire the site of the former Teatre Talia, at Avinguda Paral·lel, 100-102, for a price of 5.7 million euros. The plot of 785 square metres will now be publicly owned, responding to a long-standing demand by local residents.

The goal is to help satisfy neighbourhood needs for housing and facilities in this district, the most heavily populated in the city (16.7%) and an above-average population density.

The Barcelona Municipal Institute for Housing and Renovation is working with local people on a proposal for homes with services. This will take the form of a seven-floor building, with the ground floor used for cultural facilities and the six other floors for housing for specific groups such as young people and the elderly. The maximum built surface area will be 5,345 square metres.

The option of industrialised construction methods is also being explored as this would reduce the building time and the environmental impact of the project. The construction stage is expected to start during the next term of office.

Meetings are planned with local people during this time to agree on provisional uses for this space, with commitments already made with residents and platforms in the area.

449 flats with social rents under way in L’Eixample

The significant economic activity concentrated in L’Eixample and the district’s compact and highly consolidated historical make-up mean it is difficult to guarantee the availability of local public housing and facilities there.

Even so, since 2015 the district has seen a tenfold increase (from 46 to 449) in the number of municipal public homes offered with affordable social rents. Various properties are also under construction or will be started soon, adding nearly 300 more homes.