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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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Forty-seven families from the low-budget houses in Bon Pastor rehoused

Forty-seven families from the low-budget houses in Bon Pastor rehoused

17/01/2022 - 12:30

Housing. The coming weeks should see the completion of the process to rehouse the final 44 families.

New rehousing stage for families from the old low-budget houses in the Bon Pastor neighbourhood, with 47 families moving into public housing in two of the buildings that form part of the remodelling project in the area. This is the fourth stage of the transformation by the Municipal Institute for Housing and Renovation (IMHAB), a sixteen-year process which is set to conclude in the coming weeks when the last 44 families are rehoused.

The new homes are in two blocks in C/ Salomó and C/ Novelles in the Bon Pastor neighbourhood. Families being rehoused were able to choose between becoming owners of a flat with official protection or renting a home from the Municipal Institute for Housing and Renovation.

The remodelling project draws to an end

The project to remodel the neighbourhood consists of five stages, four of which have now concluded. The first was completed in 2006, with the first wave of residents housed in 152 new flats. The next stage saw more residents move into 190 flats in 2010, with a further 167 flats occupied in 2017.

The fourth stage will see 244 flats made available, as besides blocks G1 and H1, the prevision is also for blocks I1, in C/ Sant Adrià, with 54 flats and 55 parking spaces, H3, between C/ Salomó and C/ Novelles, with 50 homes and 90 parking spaces, and G2, between C/ Biosca and C/ Salomó, with 60 homes and 87 parking spaces. A fifth stage of public housing with follow, to include a further four blocks.

As a result, a total of 754 flats with different characteristics will have been built in the Bon Pastor neighbourhood for those affected by these urban changes.

Residents of the old low-budget homes were actively involved in defining the remodelling plan for the neighbourhood, through a monitoring commission for affected people which has been in dialogue with the administration since 1998.

The construction of housing in this fourth stage comes with the urban revamp of all the public space in the surrounding area, defined with the input of neighbourhood organisations. This means 21,000 square metres of public space, with much more urban greenery, children’s games and spaces for people to spend time in.

 

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