Former Teatre Talia site to be transformed into housing and facilities

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.

Urban planning. The first steps have been taken to acquire the site for municipal use.

The process has begun to acquire a site of 785.3 square metres in Av. Paral·lel, where the former Teatre Talia stood. The site has been empty for years, with local people calling for it to be put to use for the neighbourhood. Homes with services will be built on the site and made available to young people and the elderly, with facilities to cater for the needs of the neighbourhood.

Barcelona City Council has taken the first steps to expropriate the site at Av. Paral·lel 100-102. The site will be used for homes with services, aimed at young people and the elderly. Industrial construction techniques similar to those used in the APROP buildings will be studied, the idea being to make the housing available in a shorter time frame and provide more public housing in the densely populated neighbourhoods of Poble-sec and Sant Antoni. Municipal facilities will also be housed on the site.

Former Teatre Talia

The old Teatre Talia opened in the year 1900 under the name Las Delicias, with a programme of different plays and zarzuelas. The venue was renamed the Talia in 1924 and would late offer cinema sessions as well as theatre. In the 50s the actor Paco Martínez Soria acquired the theatre, which offered a varied programme through until the end of the 80s, when it was demolished.