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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 consolidates its commitment to housing with services for the elderly

Barcelona consolidates its commitment to housing with services for the elderly

23/11/2022 - 16:37

Housing. The city currently has almost 1,500 apartments distributed in 24 developments, thanks to a long-standing policy of the City Council.

People over 65 years old living in Barcelona have at their disposal, each year that passes, more public housing conditioned and adapted to their needs. This is reflected in the data presented this Tuesday at a meeting, held at the Alí Bei housing development with services for the elderly, between the Barcelona City Council and the Advisory Council for the Elderly of the city. The event was attended by the Councilor for Housing and Rehabilitation of the Barcelona City Council, Lucía Martín.

Housing with services for the elderly are social homes with protected rent, municipally owned, aimed at people over 65 years of age who do not have their own home or, if they do, it is not accessible. Therefore, more and more homes have been conditioned, throughout the city, to make them available to this group, and thus improve their living conditions and maintain their personal autonomy. Specifically, these are buildings with common spaces, with rents of around €450, where users never pay more than 30% of their income in rent.

Up to 475 new homes are under construction 

A commitment of the City Council that translates into some quite significant data. The city currently has 1,433 apartments with services for the elderly in full operation, distributed in 24 developments and divided among the different neighborhoods of the city, where the most common user profile is that of a woman of just over 80 years of age who lives alone.

To this number of apartments must be added the 475 homes currently under construction in 6 new developments in the districts of Sant Martí, Sant Andreu, Gràcia, and Eixample, which will be completed in 2023 and 2024, bringing Barcelona’s total to 2,000 apartments and 3,000 people in a matter of two years.

This 33% increase will represent an investment of more than 60 million euros for the City Council. In addition to this figure, the City Council also assumes the cost of subsidies for rental subsidies, and the revitalization of common spaces, among others.

The trend in the construction of housing with services for the elderly has not stopped growing since 2003 when the first 98 homes were built in two developments. Since then, the numbers have progressively increased year after year. So far, Sant Martí (288), Ciutat Vella (236), and Nou Barris (236) are the three districts with the most homes of this type, followed by Sant Andreu (155), Sants-Montjuïc (149) and Horta-Guinardó (146).

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