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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 attend to users face to face by prior appointment. Consult the “Housing calls you” service here to receive more suitable personalised assistance. Meanwhile, anyone residing in a public dwelling managed by the IMHAB can consult its contact, management and procedure channels here.

A group of neighbours meet at the entrance of their building

Cohousing, a change of model

Cohousing is an experience that creates places for community life. This is common practice in the north of Europe, and it is now possible in Catalonia as an option with many advantages.

An alternative to the current housing model

In order to face the housing emergency, Barcelona City Council is not only working to help people through grants and specific services, but also by increasing the Public Housing Stock. Along these lines, the City Council has opted for an alternative to the current model: the assigned-for-use housing co-operative, or cohousing.

Cohousing is a way of getting access to housing which allows a community of people to live in a building without being the owners or tenants at below-market prices, for a long period of time, between 50 and 100 years. 

The objectives of supporting this model are as follows:

  • To guarantee access to decent, affordable housing.
  • To maintain public ownership of the land, which is offered as leasehold.
  • To prevent housing speculation.
  • To guarantee stability over time for the users.
  • To foster the community management of property.

The model consists of the City Council or a private owner assigning a property or abandoned site to a co-operative for building on. The co-operative members pay a deposit and monthly instalments for the use of their dwelling. They can use the dwelling throughout their lives, but they will never be the owners of it: the property belongs to the co-operative. The model comprises the transfer, by the Town Council or a private owner, of an unused property or site on which the cooperative can build. The members deposit an admission fee and pay a monthly fee for use of their housing. Community life is promoted and self-organisation of the people forming the cooperatives is encouraged. With this model, housing is considered an asset for use and not as an investment.

The projects must use strict environmental criteria, provide a significant number of areas that promote communal life, the shared use of basic infrastructures and the coresponsibility of users in its management. The projects must anticipate strict environmental criteria, a significant number of spaces that promote community life, shared use of the basic infrastructure, and co-responsibility of the users in the management. The transfer to the cooperative of the surface rights is for 75 years, which can be extended to 90, and it is the cooperative that builds/renovates and manages the housing. At the end of this period, the property that has been built becomes municipal property.

The model aims to persuade a private owner or a city council to assign a property or an abandoned site to a co-operative for building on. The aim of the model is for a private owner or a town council to transfer an unused property or site on which the cooperative can build. To access this housing, which is classified as subsidised housing, cooperative members must be entered in the register of housing applicants. Therefore, they must meet the register requirements; in other words, be registered as residents in Barcelona with limited economic resources, who do not have any other property, and who have difficulties to access the housing market.  

Do you want to know what actions Barcelona City Council has promoted to foster cohousing?

You will find various actions promoted by Barcelona City Council to facilitate and guarantee the promotion and diffusion of a new housing model in the city: cohousing.

Creation of a co-operative housing committee

To promote cohousing, Barcelona City Council has created the cooperative housing committee, a new working group within the Barcelona Social Housing Board to promote or launch new ownership programmes. This committee comprises representatives from the housing cooperatives and ethical financing world and is jointly driven by the Councillor’s Office for Housing and the Commissioner’s Office for Cooperative and Social Economy.

The main objective is the co-production of the cooperative housing model in Barcelona.

Public tender for municipal sites allocated to cohousing

To promote cohousing, Barcelona City Council has created the cooperative housing committee, a new working group within the Barcelona Social Housing Board to promote or launch new ownership programmes. This committee comprises representatives from the housing cooperatives and ethical financing world and is jointly driven by the Councillor’s Office for Housing and the Commissioner’s Office for Cooperative and Social Economy.

The main objective is the co-production of the cooperative housing model in Barcelona.

In November 2016, the first tender was published in which four of the seven sites offered in the districts of Ciutat Vella, Sants-Montjuïc, Nou Barris and Sant Martí were awarded. In July 2020, three more sites in the districts of Sants-Montjuïc, Sant Andreu and Nou Barris were awarded in a second tender.

In total, 10 sites were made available to the cooperative movement to make 250 houses. With this model, Barcelona becomes the first city in Spain with cohousing projects under way.

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