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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 under way on La Domèstika, a cooperative housing project in Sants

Work under way on La Domèstika, a cooperative housing project in Sants

16/03/2025 - 13:05

Housing. The leasehold for the land comes within the framework of the first stage of the agreement signed with non-profit organisations.

Work gets under way on the renovation of this building in Pl. Farga, in the Sants neighbourhood. The project includes six homes with leaseholds and various communal areas. The ground-floor premises will be a workshop for the neighbourhood festival committee and a storage space for the Hortet de la Farga, ensuring the continuity of community projects firmly rooted in the neighbourhood. The lease of the land comes within the framework of the agreement signed with non-profit organisations.

With 715 square metres of floor space, the building will retain many of its original structural elements to respect its historical value. Work is expected to conclude at the end of 2026, with an overall investment of more than 2.3 million euros.

La Domèstika is a cooperative made up of six homes with a housing model based around community care and mutual support. All the homes will be protected and have below-market prices.

The work is being carried out with the collaboration of various leading organisations in cooperative housing, such as La Dinamo, which has provided the cooperative with comprehensive support, Lacol, responsible for the renovation project, La Ciutat Invisible, which has provided legal and economic support, and Matriu, providing support for coexistence.

The project comes within the framework of the first stage of the agreement signed with non-profit organisations through which Barcelona City Council has granted the leasehold of the land for a period of 99 years. With this project, the ESAL agreement now covers 20 projects which between them will see the construction of 699 public homes, 429 of them offered as rentals and 270 as leaseholds.

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