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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.​

New plan to protect the historical urban identity of Vila de Gràcia

11/02/2021 - 16:58

Urban planning. The measures set out criteria for conserving existing buildings, increasing protected housing, promoting sustainable mobility and adding more greenery.

A step forward in protecting the urban identity and historical make-up of the Vila de Gràcia and part of the adjacent neighbourhoods. The urban plan for the area is being adapted to conserve existing buildings, increase protected housing, promote sustainable mobility and boost greenery. The document has been developed with input from local residents via a participatory process.

The measure sets out new urban planning criteria to preserve the make-up of the landscape of the Vila de Gràcia neighbourhood and part of the adjacent neighbourhoods of La Salut, Vallcarca and El Camp d’en Grassot i Gràcia Nova:

  • Priority will be given to the regeneration of existing buildings, rather than their substitution.
  • Work must be consistent with the historical character of buildings.
  • New buildings will have to fit in with their surroundings.

Two thousand new protected homes

The update to the urban plan envisages the creation of two thousand protected homes with:

  • Extension of the reservation of 30% of new-build homes as protected housing, established for buildings with more than 400 square metres of floor space in this area.
  • Obligation to allocate properties which are subdivided as protected housing. Only properties of more than 160 square metres will be able to be separated.
  • Additional floors, unconsolidated extensions to upper floors and the promotion of new ones to be classified as protected housing.

In addition, ground floor premises can only be turned into homes if they are in streets which are not part of shopping areas.

More life in the streets and more journeys on foot

A system of active streets will be defined, with a bias for civic uses and shops and businesses which foster community activity.

Pedestrians will get priority in these streets, with access and parking for vehicles restricted.

More sustainable mobility

The plan seeks to condition all streets for bicycle use and make this compatible with pedestrian use, also adding ground floor bike parking spaces in officially protected blocks.

To discourage the use of private motor vehicles among local people, new exceptions will be established which make new buildings exempt from the obligation to reserve places for private parking.

More greenery

The measures to be applied in streets, parks and gardens, interior quadrangles, rooftops and the party walls of new buildings mean an increase in greenery.

Environmental criteria will be applied in each case and take into account the soil, biomass and biodiversity of the area in question.

The process to update to the urban plan will now move onto the commission stage.