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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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The renovation of a building in the Barceloneta to create 18 units of affordable housing is underway

The renovation of a building in the Barceloneta to create 18 units of affordable housing is underway

14/10/2024 - 12:01

Housing. The ‘Llar Barceloneta’ project, promoted by Fundació SALAS and Fundació Hàbitat 3, will renovate the building at 44 Joan de Borbó Street to create 18 social and affordable rental apartments.

The Barceloneta neighbourhood will have 18 new social and affordable rental homes thanks to the renovation of the building at 44 Joan de Borbó Street. The Barcelona City Council has granted the surface rights to the building for 99 years, while retaining ownership of the land, to a joint venture formed by Fundació SALAS and Fundació Hàbitat 3, which will cover the cost of the works (over 2.7 million euros). The project, called ‘Llar Barceloneta’, has received grants from the City Council and the Catalan Institute of Energy (ICAEN), as well as funding from the EU’s Next Generation Fund and the collaboration of private companies.

During a visit to the building with representatives of the foundations, Joan Ramon Riera, the city council’s Housing Commissioner, stressed the importance of renovation in the Pla Viure: “When it serves to create protected housing, as in this case, it is even more positive”. He also expressed the hope that this project would become “a reference in terms of renovation, cooperation with non-profit organisations and the integration of social housing policy in established neighbourhoods”, highlighting the city’s strategy to promote affordable housing.

The new building

The City Council purchased the building in 2018 for 3.7 million euros. It currently has 13 apartments, but thanks to an extensive renovation, five more will be added, bringing the total to 18. The work, which began in July, will respect and preserve unique elements of the façade and common areas, as the building is listed.

All the apartments will be designated as affordable rental housing, with 25% allocated to residents of the Barceloneta neighbourhood and the remaining 75% to applicants for protected housing. There will be 7 two-bedroom units and 11 three-bedroom units.

The ‘Llar Barceloneta’ project is part of the ESAL Agreement plan and the homes are expected to be ready for delivery during 2025.

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