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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.​

Work begins on a block of 18 homes with social rents in Poblenou

04/11/2021 - 14:08

Housing. This is the second construction project to get under way in the district of Sant Martí out of a total of nine in progress, representing nearly 500 flats between them.

The Barcelona Municipal Institute for Housing and Renovation (IMHAB) has started work on a new block of flats with social rents in the neighbourhood of El Parc i la Llacuna del Poblenou, in the district of Sant Martí. Specifically, the block of 18 homes will be built on a site in C/ Ciutat de Granada, on the corner with C/ Almogàvers, at the Poblenou superblock.

Designed by Naxal Arquitectura SLP, the project is a building with two parts, one with four floors and one with six. The homes will have one or two bedrooms, with floor areas of between 44-45 square metres and 50-54 square metres, with one adapted flat for people with reduced mobility. The building will also have a ground floor premises and a basement with storage rooms corresponding to the homes and a room for people to keep bikes in. The living spaces in the homes will be open to the street and the street corner, with the interior façade giving onto an inner yard with entrance routes and connections between homes and outside corridors. The project sought a model with long homes, repeated along the ground floor and the other five floors, with access from an outside corridor connecting to a single stairwell and lift shaft located by the party wall with the hotel, on the north-eastern side.

The investment planned for the new block is 2.96 million euros, with the project to provide affordable homes for around fifty people.

Sustainable housing pool

One of the most notable aspects to this new development is its sustainability and energy efficiency. Every one of the homes gives onto both the street and the interior yard, providing cross-ventilation and as much natural light as possible. Other features include sanitary water production and air-conditioning with aerothermal equipment, the installation of solar panelling connected to communal services, and volumetric detectors in communal parts of the building.

More public housing in Sant Martí

The new project now under way is another step by Barcelona City Council to permanently boost the affordable housing stock in the city and prevent homes from being sold privately in the future. The City Council currently has projects in progress or about to start for the construction of 2,300 homes, 80% of which will be offered with protected rents.

A significant number of these 2,300 homes are in the neighbourhoods in Sant Martí. In the neighbourhood of El Besòs i el Maresme, in C/ Puigcerdà and C/ Lluís Borrassà, two developments are at an advanced stage and will offer 75 and 54 homes respectively. In addition, a further 42 homes are being created in the APROP project at Les Glòries, and a few weeks ago work began on a block of 155 flats in C/ Veneçuela, in Provençals del Poblenou. This summer also saw the resolution of the competitions for work on four blocks of industrialised housing in El Besòs i el Maresme and La Verneda i La Pau, which will create a further 151 homes.

There are currently 495 publicly owned homes under construction in Sant Martí, 95% of which will be offered as rentals and the rest as leaseholds, ensuring the public ownership of the land, which will be returned to the City Council at the end of the lease period. This volume of nearly 500 flats represents affordable housing for more than 1,200 people.

 

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