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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.​

Barcelona embraces innovation in public housing with the WikiHousing project for affordable rentals for young people

21/11/2024 - 09:37

Housing. This is a pioneering collaborative project in the city, supported by the Council, to promote social housing for young people.

Barcelona City Council, through the Municipal Institute of Housing and Renovation (IMHAB), has presented the WikiHousing project with the joint venture formed by Stradle3 Constructors, Societat Orgànica +10 and IDRA Barcelona Institute to guarantee the right to housing. This pioneering initiative aims to meet the housing needs of young people.

The project consists of a building with four flats and a large communal area on a plot of land provided by the City Council at 38, Passeig de l’Exposició. The idea was born with the mission to make use of small plots of land in the city.

The architects David Juárez and Luca Volpi, members of the joint venture, have explained that the external structure could be completed in five weeks. They have also stressed that, thanks to the good location and environmental design, the building will be sufficient to guarantee thermal comfort and cooling. Finally, they stressed the importance of the participatory process in the development of the project.

Towards a city where industrialisation is a tool for achieving social objectives

This was followed by a round table discussion, moderated by Elisabet Carnicé, in which speakers from Straddle3 Constructors SL, Vivas Arquitectos, Coma Arquitectura and Cierto Studio defended the need to find an effective formula for obtaining social housing in areas such as our city.

During the debate, several key aspects were highlighted:

  • The importance of moving towards a more sustainable model, minimising costs and time.
  • Industrialisation as an essential tool for the future, thanks to its adaptability and the fact that it is a rich and diverse instrument.

Among the challenges raised, the following were highlighted:

  • The need for collaborative work, both between actors in the sector and with administrations.
  • A commitment to sustainability in all processes.
  • Taking co-responsibility to innovate in the administration and to respond to the growing need for housing.
  • Provide an urgent response to the housing emergency.
  • Promote the industrialisation of construction, especially in the areas with the most available land.

The event closed with a speech by the Commissioner of Housing, Joan Ramon Riera, who stressed that “we must continue to work along these lines” to tackle the city’s housing challenges.