Agreement with Hàbitat 3 and Salas to grant the use of four municipal buildings for social rents

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.

The City Council has signed an agreement granting leaseholds for one building in the Barceloneta neighbourhood and a further three in Horta to Hàbitat 3 and Salas. The two foundations will cover the cost of the work with Next Generation funding and funds from the Catalan Energy Institute. The operation is part of the agreement with non-profit organisations to promote social housing.

Llar Barceloneta

The building located in Pg. Joan de Borbó Comte de Barcelona will be renovated and the number of homes increased from eight to thirteen. The work will take roughly a year, at a cost of 2.7 million euros, to be jointly covered and managed during the leasehold period by the Fundació Hàbitat3 and the Fundació Salas.

The flats will be used for people at risk of social exclusion and for people on the Register of applicants for officially protected homes in Barcelona.

Mont-ral – Letamendi and Casa Gran, in Horta

Of the three buildings ceded to the Fundació Hàbitat 3 in the Horta neighbourhood, in the streets of Mont-ral and Letamendi, two will be renovated so that the 38 families currently living there can continue to do so. The project will cost 3.2 million euros.

The third building will be demolished and a new block built, the Casa Gran, with 600 square metres of space for twelve bedrooms with bathrooms and communal spaces. The budget is 1.5 million euros and the building will be managed by Hàbitat 3 in collaboration with a social organisation.