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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.​

Construction work begins on Parc de les Tretze Roses, La Marina del Prat Vermell’s new green lung

28/08/2022 - 10:35

Urban planning and infrastructures. The park’s construction work is expected to finish in the summer of 2023.

Close to 21,000 square metres of area, 220 trees, games areas, sports facilities and a design for filtering rain water. All these features will be present in the future park representing an impetus to the transformation of this Sants-Montjuïc neighbourhood.

Construction work on the future park has already started and is expected to finish in the summer of 2023. Boasting an investment of some 5.35 million euros, this green square is located between C/ Pontils, C/ Ulldecona, C/ Cal Cisó, C/ Ferro and C/ Arnès.

The space will have several separate but inter-connected areas. There will be a small resting- and play-area meadow, on a gentle slope to help with holding children’s shows and other activities. A second, larger meadow is envisaged under the project, bounded by two vegetable walls, which will operate as a rain-water filter tank.

The park’s frame of reference will be its central small square, a meeting place offering a viewpoint of the two meadows.

There will also be a sloping garden with two side staircases, a central staircase and a ramp, as well as species of plants to bring as much colour as possible to the complex, including lavender, rosemary, Euryops pectinatus and Japanese cherry trees, to name just a few.

Finally, another garden will be located at the end of the large meadow’s gentle slope and act as a water-absorption area for sending water from the park complex to the aquifer. It will consist of river pebbles and feature plants expected in this type of pool: tamarisks and reeds and so on.

A facility for people of all ages

The new park will put the emphasis on children’s recreation and physical activity. It will have games areas offering swings, a zipline and several wooden elements signposting a route for runs.

But it will also provide for peace and tranquillity for people of all ages. Which is why some 220 trees will be planted and urban furniture installed to invite visitors to rest there (108 benches and 76 chairs), such as bicycle parking places, fountains and lights.

A name with a history and local-resident involvement

The park is named after the Tretze Roses [Thirteen Roses], a group of thirteen girls, some of them members of the Unified Socialist Youth (JSU), who were executed by firing squad on the orders of the Franco regime in Madrid on 5 August 1939, shortly after the end of the Spanish Civil War.

The name was the one most voted for by local residents during an open consultation, which featured voting stations in several of the neighbourhood’s facilities.

Besides being a leisure area connected to nature, the park will also represent an impetus to the transformation of the La Marina del Prat Vermell vicinity, to create a new neighbourhood expected to make way for some 28,000 residents and 12,000 dwellings, create between 8,000 and 11,000 jobs and revitalize a 75-hectare environment equivalent to 40 Eixample blocks.