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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.

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Green light to use fifteen sites to build over 1,000 flats

29/03/2019 - 16:45

Housing. Seven of the future constructions will be for social housing.

The full council has approved various projects enabling the construction of 1,028 publicly owned flats with affordable prices. The homes, most of which will be to rent, will be built on fifteen different sites in seven of the city’s districts.

Eight of the plots to be used will be made available to the Municipal Housing and Renovation Institute (IMHAB) and will be used for 666 flats, distributed around five districts.

  • Three in Sants-Montjuïc: C/ Constitució 43 and 49, and C/ Mossèn Amadeu Oller 17-21.
  • Two in Sant Andreu: Pg. Torres i Bages 126-128 and 130-134.
  • One in L’Eixample: Gran Via 830-846.
  • One in Horta-Guinardó: Av. Estatut de Catalunya 15-17.
  • One in Sant Martí: C/ Badajoz 11-15.

Over 350 new homes with services

A new urban plan will also enable seven sites to be put aside in four Barcelona districts for 362 homes with services.

  • Two in Gràcia: C/ Alzina, 6-8, and Av. Santuari de Sant Josep de la Muntanya, 31-35.
  • Two in Ciutat Vella: C/ Ciutat, 3, and Via Laietana, 8-10.
  • Two in L’Eixample: Av. Paral·lel, 100 and 102B, Gran Via, 724-726, and C/ Nàpols, 132-134.
  • One in Sants-Montjuïc: C/ Sant Isidre, 1-5.

Half the sites are municipally owned and the plan anticipates the purchase of the rest to be able to increase the city’s public housing stock

The buildings will also have to set aside space for public facilities on the ground floor premises. The role of these facilities will be determined according to the needs of the neighbourhoods and demands from local residents.

What is social housing?

These are affordable flats for specific groups such as the elderly, young people and people who need assistance, usually with communal spaces and services available.

 

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