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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.​

IMHAB organises an information session on access to housing in the ‘Illa Glòries’ development

25/10/2024 - 11:59

Housing. Residents of the Sant Martí district have been able to find out how to register in the Applicants Register for Officially Protected Housing in order to be considered for one of the rental apartments in the 'Illa Glòries' development.

The Municipal Institute of Housing and Renovation of Barcelona (IMHAB) has organised a meeting to inform residents about the system of access to social housing in the ‘Illa Glòries’ development, which will be carried out through the Applicants Register for Social Housing. Members of the Barcelona Housing Consortium explained the criteria and requirements for access to these flats.

The presentation took place this Wednesday, 23rd October, at the Auditori de Sant Martí and was also attended by Joan Ramon Riera, Housing Commissioner of City Council. He stated that “next year ‘Illa Glòries’, with its inhabitants, will be a civic space, it will be a district and it will city”.

He also emphasised that the difference between an urban space and a civic space is that people live there, and so he encouraged the citizens to register. Regarding the objective of the meeting, he stressed that “it is very important to inform citizens about the process of applying for these houses”.

What is the Applicants Register for Social Housing?

It is a unique register where people interested in accessing social housing in the city of Barcelona must register. The requirements to be an applicant are:

  • Be an adult or a legally emancipated minor.
  • Be registered in the city of Barcelona.
  • Not own a home.
  • Not exceed the income limit.
  • Be or have been a beneficiary of social housing.
  • Not be in a situation of exclusion.
  • Not be incapable of entering into a contractual obligation.

All information about the requirements, the documents to be submitted and the registration process can be found on the Register’s website.

This is the ‘Illa Glòries’ development

It is located at the intersection of the Gran Via de les Corts Catalanes and the Encants Vells street. The work is expected to be completed in the second quarter of 2025 and will house more than 800 people.

It will be made up of 238 homes, of which 125 will be rented and 113 will be surface rights, two formulas that guarantee that the land will never cease to be public. The apartments will have one, two and three bedrooms, 11 of which will be adapted for people with reduced mobility.

All these flats are distributed in four buildings: two blocks of six and seven floors (facing the Eixample) and two blocks of nine and eleven floors (facing Glòries). These four buildings are formed by two volumes that connect the first three floors, leaving an open space on the ground floor that extends a pedestrian route from the Diagonal Avenue to the Mercat dels Encants. There are also two internal courtyards for the use of the residents themselves, which will serve as access to the apartments and as social spaces to create a sense of community.

The City Council has invested 44 million euros in this project, which underlines the strategy to reduce the environmental impact and the demand for heating and cooling energy. The buildings will have green roofs, photovoltaic panels to generate renewable energy and mechanisms to reuse grey water.