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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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Final step before work begins to connect the tram systems in Av. Diagonal

Final step before work begins to connect the tram systems in Av. Diagonal

29/07/2020 - 18:21

Mobility and transport. Work on the tram section between Glòries and Verdaguer will get under way in the first half of 2021.

The approval of the executive project to build the tram section between Pl. Glòries and C/ Verdaguer means the final steps can now be completed for work to begin in the first half of 2021. The work itself should take 21.5 months to complete. At the same time, traffic calming measures will be implemented in Av. Diagonal, prioritising pedestrians, meeting areas and greenery.

The Board of Directors for the Metropolitan Transport Authority has unanimously approved the construction project for the first stage to connect the tram systems in Av. Diagonal. The tram link between Pl. Glòries and C/ Verdaguer will enable passengers to get from one point to the other in seven minutes. The link is expected to be used by 18,000 passengers a day. Three stops will be created (Verdaguer, Sicília and Monumental) and the Glòries stop will be moved to a new location.

The project for the first stage to link the tram systems in Av. Diagonal will be tendered and awarded during the last quarter of 2020, with work to begin in the first half of 2021 and conclude in 2023. The work will cost 44.4 million euros.

At the same time, street calming measures will be implemented in Av. Diagonal between Pl. Glòries and C/ Verdaguer. This will create 13,000 square metres of extra space, with more bike lanes and green spaces added.

Once the connection is completed, the tram system will link nine municipalities in the metropolitan area with the city centre through a more efficient and sustainable transport system.

 

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