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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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More public housing through the purchase of two properties in Ciutat Vella and Sant Martí

More public housing through the purchase of two properties in Ciutat Vella and Sant Martí

06/08/2022 - 09:58

Housing. One is a block of 15 flats in Carrer Jaume Giralt, in the Pou de la Figuera area, and the other is a block of 10 homes in Navas de Tolosa.

The City Council has approved the purchase of two residential blocks in Ciutat Vella and Sant Martí, exercising the right to first refusal. One is a block with 15 flats in Carrer de Jaume Giralt, in the Pou de la Figuera area, and the other is a block of 10 flats in Navas de Tolosa. With the block of 15 flats, approval has also been given to grant the use of a plot in Carrer de Montanyans, and the start of the process to expropriate it.

The building in Carrer Jaume Giralt, in the Pou de la Figuera area, initially posed a real problem due to its poor state of repair, with the owner not carrying our proper maintenance for years. Municipal intervention meant the building could be vacated, and since then it has stood empty. The block has 15 flats, and two ground-floor business premises in good condition, offering floor space of 895 square metres. The building was acquired for the sum of 3.5 million euros. Now they have been renovated, the empty flats can be rented out in the coming months.

The plot at Carrer Montanyans, 12, adjacent to Carrer Jaume Giralt, covers an area of 100 square metres. Steps by the district office with the owner have helped free up the urban planning regime for this site and the City Council is to change its classification into a meeting space for local people, allowing for the generation of new activities to add vitality to the Pou de la Figuera area.

As for the building with ten flats in Carrer Navas de Tolosa, in the district of Sant Martí, this block offers an overall floor space of 696 square metres and was purchased for the sum of 1.3 million euros. The right of first refusal was used to purchase both buildings, meaning they were purchased at below-market sales prices.

Nearly 1,400 flats purchased since 2015

The purchase of these two residential blocks in Ciutat Vella and Sant Martí brings the total number of flats acquired since 2015 to 1,349, including 43 whole buildings. These homes ensure public rents for 3,265 people. During this period, the City Council has invested over 150 million euros in purchasing homes to be used for social housing.

 

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