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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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Work gets under way on the second public housing project in Trinitat Vella

Work gets under way on the second public housing project in Trinitat Vella

31/01/2024 - 12:28

Housing. Fifty-three protected homes will be built on the site of the former prison in Trinitat Vella.

The first stone was laid today for the 53 new public homes on the site of the former Trinitat Vella prison, in the district of Sant Andreu. The flats will rehouse families affected by the urban regeneration project in this area, who currently live in precarious housing conditions. This is the second project to be started at this site after work got under way on an initial block of 41 homes at the end of 2022.

The municipal investment for the project is 12.1 million euros, which comes in addition to the 8.2 million invested in the first project. The plan is for the first 41 flats to be completed in the final quarter of 2024 and these 53 flats to be completed in the second quarter of 2026.

Once the prison is demolished, the second stage of the first project will be completed with another 35 homes, bringing the total number of flats for rehousing families in Trinitat Vella to 129. Both the blocks are the result of the agreement with the Catalan government in 2021 to transfer the former prisons of Wad-Ras and Trinitat Vella to the Zona Franca.

What will the flats be like?

The new block of 53 homes will have an inner yard to act as a public space, with the building’s four foyers also located there. Forty of the flats will be three-bedroom homes with between 74 and 79 sqaure metres of floor space; nine will have two bedrooms and have between 58 and 66 square metres, and four will be four-bedroom homes of between 81 and 89 square metres.

The building has been designed to have a low energy demand. The project also features aspects to make the homes healthier, such as the use of non-toxic materials.

 

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