Tanca Tanca

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 to add 424 new social housing units

21/08/2024 - 13:06

Housing. There will also be a cultural centre and a square that will continue the main corridor through the neighbourhood.

The rezoning project for Sector 6 of La Marina del Prat Vermell has been approved, covering an area of more than 42,000 square metres. This will allow the construction of 893 homes, of which 424 will be social housing. There will also be a new community cultural centre and a square that will continue the main corridor through the neighbourhood, linking it to Montjuïc. This marks the start of land management to prepare the sites for construction and accelerate the area’s urban transformation.

The Urban Improvement Plan (PMU) covers an area of 42,498 square metres between the streets of Metal·lúrgia, Plom, Acer and Motors. Eight buildings will be constructed in these three blocks, providing a total of 893 residential units. Of these, 424 will be social housing, 270 built on municipal land.

A cultural centre will also be built and two existing buildings currently used for commercial activities will be preserved. In addition to the residential buildings, there will be a square in front of the new cultural facility, intended as a meeting place for local residents.

A greener neighbourhood with more homes

La Marina del Prat Vermell is expected to accommodate 28,000 residents and 12,000 homes, create between 8,000 and 11,000 jobs and transform around 75 hectares. This major urban transformation will be accompanied by a strong commitment to increasing social housing. Accordingly, nearly 50% of the almost 12,000 homes to be built in the neighbourhood will be earmarked for this purpose.

The new neighbourhood will dedicate more than 13 hectares to green spaces and promenades. In particular, the recently inaugurated Parc de les Tretze Roses, which covers over 21,000 square metres, will act as a breathing lung for the area. Two innovative environmental infrastructures will also be developed: the Ecoenergies network, which will enable energy savings of up to 20%, and the recycled water network, which will reduce drinking water consumption by around 25%.