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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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Cooperative housing reaches Nou Barris

Cooperative housing reaches Nou Barris

31/03/2022 - 18:12

Housing. The block has 32 homes and is built on municipally owned land, the use of which has been granted to the Cooperativa Sostre Cívic for a period of 75 years.

This afternoon saw the Cooperativa Sostre Cívic hand over the keys to 32 flats in Pla dels Cirerers, the fifth cooperative housing project now in use in the city. At eight floors, the block is tallest wooden building in the Spanish state. It is located on a site which the City Council granted the cooperative the use of for 75 years through a public competition.

The block consists of 32 homes with shared spaces such as a library, a collective storage room, bike parking, a communal kitchen, a multi-purpose hall, a tool room, a cultivation patch, a rooftop, various terraces, laundry spaces on each floor and a workshop.

The block in Pla dels Cirerers is the fifth cooperative housing project up and running in the city, following the ones in C/ Princesa (Ciutat Vella), La Borda, in Can Batlló (Sants-Montjuïc), La Balma, in Poblenou (Sant Martí) and La Chalmeta, in La Marina (Sants-Montjuïc).

In all, there are now 114 flats in cooperative housing communities, operating as self-managed coexistence projects based on models to foster cooperation and mutual support between those in the cooperative. A further 14 projects are planned and are currently at different stages, between them representing another 399 cooperative homes.

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