The transformation of the Montjuïc trade fair site takes shape

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. Trade fair activity will be combined with affordable housing, public facilities, more greenery and better mobility.

The municipal government proposal for the Montjuïc trade fair site builds in the new uses agreed on with local people and allows for the project to be developed through until 2029. The reformulated space will combine trade fair activity with affordable housing, public facilities, more greenery and better mobility.

The initial project is the result of a participatory process involving local people and organisations in Sants-Montjuïc and Fira de Barcelona, the goal being to analyse the current state of the area and identify its needs.

The four clear needs identified relate to new uses for the area, urban continuity, backing for sustainable mobility and the conservation of historical buildings.

Balanced use of space and central role for greenery and pedestrians

In order to build in local uses and achieve trade fair activity which is better integrated with the urban fabric, a reduction of 53% in trade fair activity is proposed, making for a more flexible, efficient, compact and modern space which will not only allow for fair activity to continue but also strengthen it.

The rest of the site will be given over to public uses and divided between public housing, public facilities, green areas and connecting routes.

The land reserved for affordable public housing could provide space for 500 new flats and also house public premises for commerce.

The consensus reached during the participatory process includes six new facilities:

A primary healthcare centre (CAP)
A care centre for the elderly and for people with functional diversity
A library
A community space
A sports facility
The extensión to the Museu Nacional d’Art de Catalunya (MNAC)

Action is also planned to improve mobility in the area, such as:

Connecting the neighbourhoods of Poble-sec and La Font de la Guatlla with a public avenue.
Connecting Av. Paral·lel with Montjuïc by extending C/ Guàrdia Urbana as far as Av. Paral·lel.
Optimising mobility in C/ Lleida and C/ Mèxic, which would become one-way.
Strengthening the monumental nature of Av. Reina Maria Cristina to make it an avenue for people and public transport, connecting the trade fair areas with the mountain of Montjuïc.
Creating a new cycling network in the area.

The plan is also to reserve 23,000 square metres of space for greenery and pedestrians, making for more pleasant and agreeable public space.