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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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One step closer to the first stage to connect the tram systems

One step closer to the first stage to connect the tram systems

18/03/2021 - 16:55

Urban planning. Work starts in Av. Diagonal in the autumn, in the section between C/ Castillejos and C/ Girona.

The spatial reorganisation of the section in Av. Diagonal, between C/ Castillejos and C/ Girona, along with the Canòpia area at Pl. Glòries, is the first step towards the future connection of the tram systems. The Commission for Urban Ecology, Mobility and Infrastructures has approved the project for Av. Diagonal, and the Government Commission has also given final approval for the urban development of the Canòpia with the aim of work starting in autumn 2021.

Urban development of Av. Diagonal

The transformation of the section in Av. Diagonal for the first stage to connect the tram systems will be divided into two development projects. One is between Pg. Sant Joan and C/ Marina, where the central section of the avenue will carry the tram lines and a two-way bike lane, with side pavements also to be widened from 3 to 7.5 metres. Traffic here will be reduced to two lanes in each direction, along the sides of the avenue.

The other is between C/ Marina and C/ Castillejos, where the central pedestrian strip and two-way bike lane will be maintained, green strips will be widened to 1.5 metres, side roads will have one traffic lane and pavements will be widened from 3 to 7.5 metres. The total cost of the work is 34.8 million euros.

Remodelling of the Canòpia Urbana in Glòries

Besides the interchange connecting the T4, T5 and T6 tram services, various urban and inter-urban bus services and the connection with the Glòries stop on the L1 metro line, the urban project for the Canòpia Urbana includes:

  • A pergola with solar panelling to function as a canopy at the interchange, located on the side nearest the sea, in front of the Museu del Disseny in the section between C/ Cartagena and C/ Badajoz.
  • Three biodiversity nodes to facilitate the mobility of species making up the ecosystem in the Parc de les Glòries.
  • Gardens in the areas around the entrances to the Glòries L1 metro station.

There will also be some remodelling work to roads and paths in the vicinity of the Canòpia. This work will cost 21.4 million euros.

 

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