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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.​

La Marina del Prat Vermell will have 424 social housing units and new municipal facilities

13/02/2025 - 16:45

Housing. The final approval by the City Council of the Sector 6 re-parcelling project will increase the city’s public housing stock and continue the transformation of La Marina del Prat Vermell.

La Marina del Prat Vermell is set to gain 424 public housing units and a municipal facility after the Government Commission gave final approval to the Sector 6 rezoning project. The approval is a step forward in the management of the land to obtain the building plots and accelerate the urban transformation of this sector.

The Urban Improvement Plan (PMU) divides Sector 6 into three blocks, in which 4 developments with 469 free housing units and 4 developments with 424 protected housing units (of which 270 will be built on municipal land) will be built for people registered in the Applicants Register for protected housing in Barcelona. In total, there will be 893 new homes in this neighbourhood undergoing complete transformation. It is planned to start the procedures for the construction of the houses at the end of the mandate.

This is Sector 6 of La Marina del Prat Vermell

Sector 6 is located in the block formed by the streets of Acer, Plom, Metal·lúrgia and Motors and has a surface area of almost 42,500 m² with a buildable area of 97,415 m² (of these, 33,952 m² will be used for protected housing). There are already two buildings used for economic activities.

The whole area will be divided into three blocks:

  • The upper block, located on Plom Street, is the largest and will be used to build the free housing, in addition to the existing building.
  • The central block will house the municipal facility and 270 protected housing units, as well as a green area that will serve as a meeting place for the neighbourhood and the facility’s users. It will also facilitate pedestrian circulation and provide continuity to the main axis that runs through the neighbourhood and links it to Montjuïc.
  • The lower block, on Motors Street, where the other building for economic activities is located, will house 154 privately managed, subsidised housing units at an agreed price.

Joan Ramon Riera, Housing Commissioner of the Barcelona City Council, has stated that “streamlining the urban planning process for the acquisition of land is the fundamental raw material for promoting housing” and is one of the objectives of the Pla Viure, which aims to “coordinate the urban planning and heritage services in order to facilitate as soon as possible all those urban projects that involve housing”, he added.

The transformation of La Marina del Prat Vermell

A total of 12,000 homes will be built in the neighbourhood for around 28,000 inhabitants and it is estimated that between 8,000 and 11,000 jobs will be created. Of the total number of homes, around 50% will be subsidized housing, following an agreement between Barcelona City Council and the Zona Franca Consortium, which will donate several plots of land.

Also worth mentioning are the more than 13 hectares dedicated to walking and green spaces, such as the recently inaugurated Tretze Roses Park.