Tanca Tanca

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.​

Agreement to speed up the tram connection in Av. Diagonal

12/12/2020 - 11:39

Mobility and transport. The understanding will bring forward the construction projects in Av. Diagonal so that work to link up the tram systems can get under way in the autumn of 2021.

The understanding with the ERC municipal group will enable the urban construction projects for Av. Diagonal to be fast-tracked, also helping round off the agreement with the Metropolitan Transport Authority (ATM) on the execution of work to link up the two tram systems and the subsequent public management of the tram network. The construction work in the street is a prior step to the connection of the tram lines and should get under way in the autumn of 2021.

An agreement setting out the commitments of each public administration and the ATM means that with the necessary investment the connection of the two tram systems in Av. Diagonal is now possible. An agreement has been reached with the ATM to fund the first section in the avenue, between Glòries and Verdaguer, and for the second stage to be executed once work on the first section concludes. A commitment guaranteeing the public management of the tram network has also been established. The work for the first stage of the connection will cost 56 million euros. The agreement will be debated and voted on in December’s full council meeting.

Two construction projects in Av. Diagonal

As a prior step to link up the tram system, the first two construction projects for Av. Diagonal will be processed immediately by the Commission for Urban Ecology, Urban Planning and Mobility. One of these projects is for the stretch of the avenue between Passeig de Sant Joan and Carrer de Los Castillejos, divided into two sections. Firstly, between Passeig de Sant Joan and Carrer de La Marina, where the central part of the avenue will get a tram platform and a two-way bike lane, with side pavements to be widened from 3 to 7.5 metres. The number of traffic lanes will be cut to two in each direction here, located along the sides of the avenue.

Secondly, a central pedestrian strip and a two-way bike lane will be maintained between Carrer de La Marina and Carrer de Los Castillejos, with green side strips to be widened to 1.5 metres. Road surfaces along the sides of the avenue will have one traffic lane and pavements are to be widened from 3 to 7.5 metres.

The second project consists of developing part of the Parc de la Canòpia in Plaça de les Glòries, affecting a space of 40,725 square metres which the tram with run through. This area will become a large accessible open-plan space, improving connectivity between local neighbourhoods and featuring an interchange for public transport, pergolas with solar panelling, gardens and biodiversity spaces.

The overall budget for the two projects is 56.2 million euros. Work is expected to get under way in the autumn of 2021.