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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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Keys handed over to tenants for 54 new flats with social rents

Keys handed over to tenants for 54 new flats with social rents

15/07/2024 - 21:14

Housing. The keys to the new Porta Trinitat block of flats in the district of Sant Andreu have been given to tenants.

The newly built Porta Trinitat block of flats with social rents, in the neighbourhood of Trinitate Vella, gets 54 families as new tenants from today.

The project is headed by the Municipal Institute of Housing and Renovation and the tenants awarded flats are applicants from the Barcelona Register for Officially Protected Housing with social rents. These types of rents mean families who live in the flats will pay rents according to their income, with rents not to exceed 30% of household income under any circumstances.

The useful floor space of the homes ranges from 43 to 74 square metres and they have one, two or three bedrooms. They are all organised around an entrance corridor that has three courtyards that capture light and offer cross ventilation.

The process to award the flats took into account the different types of applicants, who a certain number of homes were reserved for:

  • 30% (15 flats) for the under-35s.
  • 25% (13 flats) for local people from the neighbourhoods of Trinitat Vella, Sant Andreu de Palomar, Trinitat Nova and La Prosperitat.
  • 10% (5 flats), for single-parent families.
  • 3 homes adapted for people with reduced mobility.
  • The rest of the flats were awarded to applicants on the general waiting list.

The Porta Trinitat block also includes 85 homes with services for the elderly, which were given to tenants in February and have independent spaces and entrances. In all, the project involved an investment of 18 million euros.

 

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