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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 and Energy Advice Points (PAE) continue to operate by phone and online to help prevent the spread of Covid-19. Check how to access services here.

Cohousing reaches La Marina

09/02/2020 - 13:04

Housing. The first stone is laid for a building for 32 families through a leasehold agreement for a municipally owned plot of land.

The Llar Jove cooperative have laid the first stone for La Chalmeta, a new cohousing project to provide homes for 32 families. The block is being built via a leasehold agreement on a municipally owned plot in the neighbourhood of La Marina del Prat Vermell, in the district of Sants-Montjuïc.

The municipal plot of land at C/ Ulldecona, 26-29, with C/ Micaela Chalmenta, 7-9, will be the site for the first cohousing project in the neighbourhood of La Marina del Prat Vermell. The project is being carried out by the housing cooperative Llar Jove SCCL. Some 35% of the cooperative’s members are families already living in La Marina and will be able to continue living in the neighbourhood, helping to put the brakes on gentrification in this part of the city.

Llar Jove are to build a block of 32 homes, featuring one, two and three-bedroom flats. The building will also have commercial or social premises and communal areas on the ground floor, green spaces on the rooftop and other communal spaces such as a laundry, a health and work area, a kitchen with dining rooms, multi-purpose spaces, terraces and shared cultivation areas.

La Chalmeta is one of the delegated cohousing developments promoted by the City Council during the last term of office and corresponds to the Right to Housing Plan 2016-2025.

A healthy and sustainable building which fosters energy savings

The building will achieve better energy performance through a ventilated façade, combined with an exterior suited to its location and solar protection for the interior yards on the upper floors to control excess sunlight in the summer.

The doors and window frames on the façade will use recycled cotton, with a wooden fibre insulation system for the exterior to regulate humidity and provide comfortable thermal results.

The lighting has also been designed to achieve maximum energy savings through LED technology and automatic lighting in communal areas. At the same time, an estimated 25% saving in water consumption will be achieved through the installation of tap timers, double-flush cisterns and low water-level systems.

More cohousing projects in the city

Llar Jove are the third cooperative to start building a cohousing block in this term of office. The first was La Balma, which started work last summer at C/ Espronceda, 131, in Poblenou. The second project was by La Xarxaire, which laid the first stone last Monday for the block at Pg. Joan de Borbó Comte de Barcelona, 11, in the Barceloneta neighbourhood.

During the previous term of office, two cohousing projects were completed: La Borda, at C/ Constitutció, 83, in the Bordeta neighbourhood, where sixty people live, and the building at C/ Princesa, 49, in the neighbourhood of Sant Pere, Santa Caterina i la Ribera, where ten people live.

 

 

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