More public housing and a new nursery school at the Casernes de Sant Andreu

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.

Housing. Over 500 public rental homes will have been created in all in this area.

The new development includes 56 flats with rents for young people and will bring the number of public homes created in this area to 500, some 80% with rents and 20% as cohousing. The new nursery school will be the twelfth facility with these characteristics to be created in the last eight years.

The work at the Casernes de Sant Andreu is transforming the area into a focus for community life, with affordable housing and neighbourhood facilities.

In addition to the two large rest areas with walking space and greenery at the Parc Antoni Santiburco and Rambla Marta Mata, other projects will be created which bring the total number of public flats created to more than 500: a project with flats for young people to start being built now, 152 flats with services for the elderly which is about to be completed, three cooperative housing projects with leases (La Regadora, Sostre Cívic and TEB), plus a hundred rental flats to be built by the operator Habitatge Metròpolis Barcelona.

90 places for infants up to the age of three

The new municipal nursery school will offer 90 places from the 2024-2025 school year onwards. The centre will have a surface area of 748 square metres (636 square metres of which will be the playground), with six classrooms for groups of different ages, a laundry, kitchen, dining-room, pushchair storage and staff room.

Two new schools are already under construction and two others are being enlarged and improved. These are in La Teixonera, Les Corts, Trinitat Nova and Sant Martí de Provençals.

Industrial construction: quicker and with less environmental impact

The building with fifty flats for young people uses an industrial construction method with wooden boards, offering a slight reduction in the time needed and the environmental impact for the surroundings.

The block will have a ground floor and four upper floors, with a built surface space of 4,895 square metres and fourteen homes per floor built around three central yards. The configuration of the block, completely detached and with three inner yards, ensures cross-ventilation and natural light in all of the flats.