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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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The first stone for the new public housing development in Trinitat Vella

The first stone for the new public housing development in Trinitat Vella

05/10/2022 - 21:57

Housing. Construction work begins this October on the first of two planned blocks, which will rehouse 129 families.

Barcelona City Council, through the Municipal Institute for Housing and Renovation (IMHAB), is launching the construction of two public housing blocks in the Trinitat Vella prison area, in the Sant Andreu district. The construction job, which has been waited for decades by the neighbourhood, will enable the families living in the buildings affected by the urban renewal of the area to be rehoused. The symbolic laying of the first stone, which took place on Wednesday the 5th of October, and was led by the Mayor of Barcelona, Ada Colau, formalized the start of the first phase, which consists of 41 residences.

At the initial part of the process, the forty properties will be destined to rehouse resident families currently living in buildings in the surrounding area in precarious conditions of habitability. The project for this first block, under the leadership of TACO Arquitectos, will consist of a second phase, which will be able to be started once the prison is completely demolished, and will include 35 dwellings. Even so, the project for the second block, drawn up by Mipmarí Arquitectura y Disseny and the Estudio Álvarez-Sala, will be launched in the coming months and will consist of 53 more residences.

The end of a historic debt

The Trinitat Vella project, with a total of 129 homes planned, corrects a historical grievance for the residents of the neighbourhood and is possible thanks to the resumption of the transfer of the old Wad-Ras and Trinitat Vella prisons to the Zona Franca. The Trinitat prison, inaugurated in 1964, has been adapted to various uses throughout its history until it was partially demolished in 2009.

The development of public housing around the prison can be added to the other actions that have been carried out in this neighbourhood, such as the renovation of the Trinitat Vella square and Galicia’s Street, the creation of the Plaça dels Infants, the improvement of the Trinidad Vella CEM and the project for the new community life centre.

At the ceremony, the mayor of the city, Ada Colau, emphasized the City Council’s historical debt to this neighbourhood and highlighted all the obstacles that had to be overcome for the project to be a reality finally.

The alderwoman for Housing and Renovation of Barcelona City Council, Lucía Martín, sent a message of gratitude to the residents for their patience and persistence over so many years of struggle for a common goal, as well as to all the authorities who have made it possible.

In essence, the construction of these blocks is a further step in Barcelona City Council’s commitment to expanding the stock of affordable housing on public land, which aims to reach all parts of the city.

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