Work under way on 42 flats with protected rents in Poblenou

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.

Housing. This is the first delegated housing project of this type in the city, with the City Council giving the use of land for third parties to build and manage protected housing.

Work has now started on the first block of delegated affordable homes in the city. The 42 flats will be constructed and managed by the promotor Coyoacan and the Fundació Hàbitat3 on a site provided by the City Council in the neighbourhood of Pobelnou. The homes will be for vulnerable families and people registered on the list of applicants for officially protected homes in the city. The homes are expected to be finished in the summer of 2026.

The building is located at C/ Badajoz, 11, where the former La Sibèria ice factory stood. The space forms part of a site that will include various buildings with mixed uses: offices, free housing, a front with revamped homes and two municipal plots for a protected home. The building will be an example of a social mix, where officially protected homes coexist with homes for social organisations to use for their projects.

The homes will be built with industrialised materials made using wood from sustainable forests to reduce their environmental impact. The building will also have a solar panelling installation generating more than 43 kW on the rooftop and a system for reusing rainwater and greywater.

The ground floor of the building will be an open space with arches, inspired by the typical passages in Poblenou, improving the connectivity of the neighbourhood and conducive to pedestrian mobility. The building will also include two commercial premises and bicycle parking.

The work will have a budget of 7.9 million euros, with the flats to have rents of 6.62 euros per square metre. The project has a subsidy from Next Generation funds as it is for energy efficient homes.

New model to enlarge the public housing stock

The project is the result of a pioneering model launched by the City Council in 2019 to implement delegated housing. The model awards projects for affordable housing to third parties, without ever losing the municipal ownership of the land. In this case, the City Council has granted the use of the land for 75 years, with the flats then becoming part of the municipal housing pool.