Boost for the construction of 2,089 protected homes next to the future station of La Sagrera

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.

The municipal government has given initial approval to the project to redefine plots in the Prim sector of the district of Sant Martí, next to the future intermodal station of La Sagrera, paving the way for the construction of 3,360 homes, 2,089 of them with municipal protection. The project is part of a major transformation that will connect the districts of Sant Martí and Sant Andreu, and which includes various public facilities around a new sqaure located in the area of the Can Riera country house and the riverbed in Horta.

The project is for the Prim area, the only zone in the district of Sant Martí that forms part of the urban transformation associated with the future station of La Sagrera, made up of the zone delimited by Ronda Sant Martí, Pont del Treball Digne, the streets of Santander and Cantàbria, Rambla Prim, Via Trajana and C/ Jaume Brossa.

In all, 1,889 municipally protected homes will be built, along with 200 homes with services for young people and the elderly, to be awarded to families on the Barcelona register of applicants for protected housing.

The approval means the start of the process to prepare the plots for building, facilitating the urban transformation of this sector. When the legal steps have been completed, the prevision is for final approval to be granted in 2026 and demolition to start in 2027, with the administrative steps to follow so that construction can get under way in 2029.

A new hub for public housing and municipal equipment

The Prim area was delimited in the amendment to the general metropolitan plan for Sant Andreu – La Sagrera of 1996. In 2022 the City Council approved the reorganisation of this area to transform it into a new residential area connected with the future station of La Sagrera and the Parc del Camí Comtal.

The goal is to revitalise the area, connect the districts of Sant Andreu and Sant Martí and create a residential nucleus with protected housing and public facilities such as a nursery school, a health centre, a community centre and a multi-purpose sports hall, with the Institut Salvador Seguí also to be enlarged. The Can Riera country house will become the centre of the new community, with a new public square.

The project was the result of a participatory project and a public ideas competition, won by the Sínia-Tokio project by Forgas Arquitectes, which integrated the riverbed and the country house and envisaged a quality public space surrounded by various facilities.

La Sagrera: major urban transformation in the city

The project for La Sagrera is the urban transformation project with the biggest scope in the city, with the main intermodal transport interchange, 15,000 new homes, 500,000 square metres of built third sector activity and a linear development of nearly four kilometres of train tracks, plus green zones.