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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.

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The IMHAB takes its innovative APROP temporary housing model to the Construmat fair

15/05/2019 - 08:28

Housing. Other solutions for creating and renovating homes in Barcelona will also be presented during the fair.

The Municipal Institute of Housing and Renovation (IMHAB) is taking part in the Barcelona Building Construmat fair with its own stand, offering visitors a close-up look at the APROP homes, an innovative model for quick-build temporary accommodation. The IMHAB stand will be in hall 2, space 79, street F at the fair, from 14 to 17 May. It will feature full-size APROP modules and offer information on other housing projects being carried out in the city.

The APROP Provisional Local Accommodation model offers sustainable quick-build quality accommodation. The stand at the Construmat fair will show the construction system for these homes, which Barcelona City Council is promoting as a means of tackling the issue of local residents being forced out of their homes in the city’s neighbourhoods. The exhibition will also show the three trial projects for the city, as well as what the homes are like inside and outside.

 

Other activities

The Barcelona City Council stand will also include a space for other activities presenting innovative housing solutions for Barcelona.

This section at the stand will be hosting ceremonies such as the presentation of the wining team in the BCN-NYC Affordable Housing Challenge, a session on the programme for the renovation of highly complex properties and the presentation of new projects for the public housing stock.

The presentation of the winner of the BCN-BYC Challenge will be on Wednesday 15 May, from 11.30 am to 12.30 pm. The ceremony will be moderated by Ana Paola López, member of the i.lab (a body fostering sustainable and social urban innovation). The winning team for the BCN-NYC Affordable Housing Challenge, announced in New York on 14 May, will be explaining their project in Barcelona as part of the Construmat fair.

On Thursday 16 May there’s a press conference from 11 am to 12 noon, where the Metropolitan Housing Observatory (O-HB) will be presenting the latest results of the laboratory on the supply and demand of properties to rent in the Barcelona metropolitan area. The press conference will be given by Carme Trilla, chair of the O-HB, and Beatriz Toribio, director of studies with Fotocasa.

 

Renovation programme for highly complex properties

The programme for the renovation of highly complex properties will be presented on Thursday 16 May, from 12.30 to 1.30 pm. The City Council has decided to promote this initiative which forms part of the Neighbourhood Plan, a programme aimed at reducing the inequalities that exist in the city.

A study was commissioned to the Universitat Politècnica de Catalunya (UPC) to determine which properties have the greatest renovation needs. Technical staff from the City Council visit the buildings and get in touch with local residents to explain how the initiative works and study the state of the property and the needs of its inhabitants.

When the City Council and local residents reach an agreement on the work to be done, subsidies are processed and the renovation project is carried out.

 

Presentation of new projects for the public housing stock

The IMHAB will be presenting projects for the construction of new public housing on Friday 17 May, from 11.30 am to 12.30 pm, as well as the renovation of an entire building.

The projects being presented at the fair are the big renovation project in Carrer de l’Hospital, with Josep Miàs representing the architects, and the new construction project in Avinguda de la Mare de Déu de Montserrat (on the site next to the former Quirón hospital), with Pau Bajet as the representative. The new building project in Carrer de Veneçuela will also be presented, with Marta Peris and José Toral as its representatives. The session will be moderated by Carles Melero, director of technical services with the IMHAB.

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