Tanca Tanca

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.​

  1. Home
  2. Latest news
  3. Eight houses purchased in Sant Andreu’s old quarter to avoid residents being forced out

Eight houses purchased in Sant Andreu’s old quarter to avoid residents being forced out

Eight houses purchased in Sant Andreu’s old quarter to avoid residents being forced out

06/06/2020 - 12:35

Housing. The properties were purchased exercising the right to first refusal.

Eight houses in C/ Pons i Gallarza, in the neighbourhood of Sant Andreu, have been purchased using the right of first refusal to prevent another episode of speculation by a vulture fund in the city. This innovative urban tenant-management project will save seven families from being forced from their homes and boost the city’s public rental housing pool.

The houses in C/ Pons i Gallarza are from numbers 105 to 117. Along with the corner house at C/ Renart, 51, they form of set of homes in the old quarter of Sant Andreu, classed as a building conservation area.

The City Council purchased the eight buildings from the company Vermota SL for 745,000 euros. In addition to the purchase price, the cost of conservation work will be around 290,000 euros. The homes will become part of the city’s public housing stock.

The acquisition responds to demands from local residents, who raised the alarm two years ago when they discovered the houses had been bought by a vulture fund. This meant the seven families living there faced the danger of being forced from their homes, with the old quarter of Sant Andreu also in need of protection from another episode of property speculation.

Pioneering mixed urban tenant-management model

This is the first mixed urban tenant-management project within the public rental housing stock. The arrangement is a contract whereby the owner grants the use of the housing for a certain length of time in exchange for the tenants taking on the renovation and maintenance work agreed.

In this case, as a mixed model of tenant-management and property rental introduced by the Barcelona Municipal Institute of Housing (IMHAB), a new contract will combine the rental and tenant-management stages with a variable minimum income.

 

Related links

More info