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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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Barcelona City Council signs the first use of land rights of the ESAL Agreement with the housing cooperatives 'Abril' and 'La Domèstika'

Barcelona City Council signs the first use of land rights of the ESAL Agreement with the housing cooperatives 'Abril' and 'La Domèstika'

01/08/2022 - 13:48

Housing. These projects of the awarded cooperatives, on municipal land in Poblenou and Sants, belong to the ESAL Agreement and have the aim of sponsoring affordable non-profit housing in the city

The Barcelona City Council signs the first use of land’s rights of the ESAL Agreement with the housing cooperatives ‘Abril’, located in Poblenou neighbourhood, and ‘La Domèstika’, located in Sants neighbourhood. The cooperative called ‘Abril’ (Abril Poblenou, SCCL) is the plot’s awarded entity, located at 115 Pere IV Street, for 23 cohousing houses. On the other hand, the cooperative called ‘La Domèstika’ (La Domèstika de la Farga, SCCL) is the successful awardee of the building to renovate, located at 36-38 Rossend Arús Street, for 7 cohousing houses. With these signings, both non-profit affordable housing projects are promoted with the aim of increasing the public housing stock in Barcelona.

The local government’s commitment to entities in the cooperative housing sector is formalized with this signing of use of land’s rights, which means the cession of a public plot for 99 years, by Barcelona City Council. According to this settlement, the qualification of the houses as Official Social Housing (OSH) allows to limit the maximum rent for each cohabitation unit. The project, as well as to expand the supply of social housing in the city, aims to hold speculation in Parc i la Llacuna del Poblenou and Sants-Montjuïc districts.

 

ESAL Agreement

The ESAL Agreement is an alliance with the most representative cooperative housing entities to build a thousand flats in the coming years, and it meets the need for affordable housing in Barcelona city. In this project, the local government is joined with the Federation of Housing Cooperatives of Catalonia (FCHC), the Coordinator of Social Housing Foundations (Cohabitac), the Solidarity Economy Network’s Association (XES) and the Social Housing Policy Managers of Catalonia’s Association (GHS).

 

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