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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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Four industrialised housing blocks completed in Sant Martí

Four industrialised housing blocks completed in Sant Martí

03/09/2024 - 14:52

Housing. The 151 officially protected flats will mostly be rental homes.

Work has now been completed on four new public housing blocks in Sant Martí, constructed using industrialised techniques in a faster and more sustainable process. Between them the blocks offer 151 flats with official protection, which will mostly be rented. The keys are expected to be handed over to tenants this year.

The blocks started being built at the end of 2022 and early in 2023, with work completed this year. Recent months have seen the administrative steps completed for the definitive classification of the homes and the activation of services and utilities.

Two of the blocks are located in the neighbourhood of La Verneda i la Pau, while the other two are in the neighbourhood of El Besòs i el Maresme:

  • Carrer de Binèfar, 22 (La Verneda i la Pau): 24 officially protected rental homes
  • Carrer de Lola Iturbe Arizcuren, 13 (La Verneda i la Pau): 40 officially protected rental homes
  • Carrer de Pallars, 477 (El Besòs i el Maresme): 42 officially protected rental homes
  • Carrer del Marroc, 180 (El Besòs i el Maresme): 45 officially protected homes with leaseholds

Faster and more sustainable construction

The construction methods and materials used in industrial housing offer fast and efficient solutions in shorter time frames than for conventional building methods. Traditional time frames for projects of this type can take at least two years, while industrialised methods cut that to just over a year. They also enable CO2 emissions to be reduced by 30% compared to conventional construction.

The blocks in Binèfar, Lola Iturbe and Pallars have been built with prefabricated panels made with wood from sustainable forests, attained in the most efficient way and reducing emissions.

The four blocks bring the number of industrially built housing blocks in the city to nine. These include the APROP temporary housing blocks in the Gòtic neighbourhood and in Glòries. The Municipal Institute of Housing also has two further blocks in progress in the area of the old barrack blocks in Sant Andreu and another ready to be started in C/ Víctor Colomer. Elsewhere, another block at the Illa Glòries is currently nearing completion, with Block A there also built with a wooden structure and industrialised methods.