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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.​

Building gets under way on the second APROP provisional local housing block

19/01/2022 - 12:29

Housing. The block of 42 homes will help address the emergency housing needs of over a hundred vulnerable people.

The shipping containers being used for the structure of the second APROP housing project in Glòries are now being put into place. The building will offer 42 short-stay homes to help address the emergency housing needs of over a hundred people in vulnerable situations and in need of a home.

Thirty-five of the homes will have a usable floor space of 52.7 square metres, distributed into a living and dining room with an open-plan kitchen, two double bedrooms, a storage space and a complete bathroom. The other seven homes will have one double bedroom, with a usable floor space of 25.8 square metres and a living room with an open-plan kitchen and a complete bathroom.

On the ground floor there will be spaces for the maintenance and management of the building, spaces for communal activities, a communal laundry room and a large multi-purpose room. A cultivation area will be created in the building’s inner quadrangle and managed by the Municipal Institute for People with Disabilities, with members of this collective to work there.

The allocation of these homes will guarantee a social mix and include people with emergency housing needs, young people and single-parent families. Work will take 26 weeks, a much shorter period than the minimum two years required for conventional constructions. The amount being invested to build the block and condition its inner quadrangle is 4.98 million euros.

A more sustainable construction method

According to a study commissioned by the City Council to assess industrialised building methods using shipping containers and based on the first APROP housing project in the Gòtic neighbourhood, the process represented a 33% saving in non-renewable energy and CO2 emissions, plus a 48% saving in the consumption of resources.

Widely acclaimed building system

This construction method has been recognised by various local and international awards. The latest was one of the European New Bauhaus awards, a prestigious accolade forming part of the European Green New Deal, which recognises initiatives that contribute to the ecological transition, the economic recovery and improved coexistence.

The project has also gained the first prize in the Ibero-American Architectural Work of the Year 2021, a special mention in the Mapei Award for Sustainable Architecture 2020 and a special mention in the FAD Award for Architecture 2020. It was also a finalist in the innovation in construction category at the Catalonia Construction Awards and a prize winner at AMO Architecture 2021 (France). Finally, it has also been chosen for the 15th Spanish Biennial of Architecture and Urban Planning.