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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.​

IMHAB hands over the keys to 18 social rental flats in the Parc i la Llacuna del Poblenou neighbourhood

31/05/2024 - 14:06

Housing. The building, located at 95-97 Ciutat de Granada Street, comprises 18 one- and two-bedroom apartments allocated to individuals and families registered in Applicants Register for social housing.

On Friday 31st May, the Municipal Institute of Housing and Renovation of Barcelona (IMHAB) handed over the keys to 18 social rental flats in the building at 95-97 Ciutat de Granada Street, in the Parc i la Llacuna del Poblenou neighbourhood (Sant Martí district).

The beneficiaries, all of whom are registered in the Applicants Register for social housing, will spend a maximum of 30% of their income on rent.

According to specific quotas established by the regulations, the flats have been distributed as follows:

  • 4 flats to families from the surrounding neighbourhoods.
  • 2 flats to single parent families.
  • 4 flats to people under 35 years of age.
  • 4 flats to people with disabilities.
  • 1 flat to a woman who is a victim of gender violence.
  • 3 flats for the general public.

About the new building

The building has five floors and comprises 10 flats of 45 m² with one bedroom and 8 flats of 55 m² with two bedroom. Each flat has a terrace and a double façade to ensure cross-ventilation and maximum natural light. One of the flats is adapted for people with reduced mobility. The building also includes commercial premises, a basement with storage and bicycle parking.

Designed by Naxal Arquitectura, construction of this new development began at the end of 2021 and was completed this year. The building is located at the intersection of Ciutat de Granada and Almogàvers streets. Its orientation means that the living areas of the flats face the street and the chamfer, while the corridors connecting the flats, as well as the stairs and lift, are located on the internal façade of the block.

One of the building’s peculiarities is its two different heights: the part facing the chamfer is ground floor plus three floors, while the side facing Ciutat de Granada Street is ground floor plus five floors.