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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.​

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Redevelopment of the area around the old low-build houses in Bon Pastor

Redevelopment of the area around the old low-build houses in Bon Pastor

26/06/2021 - 10:12

Urban planning. An area of 21,000 square metres will be gained for green space and use by local people.

The project means a revamp to 21,000 square metres, between C/ Tallada, C/ Biosca, C/ Sant Adrià and Pg. Mollerussa, in the district of Sant Andreu, creating new green areas and improving connectivity and accessibility. Six million euros will be invested, with work due to be completed in October 2022.

The transformation of the area around the old cheap-build houses in the Bon Pastor neighbourhood continues. The Municipal Institute for Urban Planning (IMU) has started to revamp the spatial layout of the area which will surround the houses in the fourth stage of the remodelling project in the neighbourhood.

The remodelling project for the cheap low-build houses in the Bon Pastor neighbourhood consists of five stages, three of which have now been completed. The urban revamp was defined through a particpation process to gather input from local people.

The area will have a central square, new children’s play areas, table-top games and a picnic area to foster use of the space among local people. There will also be a new garden with 14,000 square metres of green space, LED lighting, sustainable drainage systems and new urban furniture such as seating, litter bins, bollards, bike parking and water springs.

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