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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.​

The Mies van der Rohe Award for 2017 shortlists a building by the Municipal Housing Trust

05/02/2017 - 14:14

The award ceremony will be held on 26 May at the Mies van der Rohe pavilion in Barcelona.

The international jury named by the Fundació Mies van der Rohe has shortlisted a building by the Municipal Housing Trust for this year’s contemporary architecture award. The building is the only shortlisted project in the city. The building in question is a block of flats for the elderly, which has just been built in the neighbourhood of Parc i la Llacuna del Poblenou, between C/ Bolívia, C/ Badajoz, Pl. Glòries and C/ Ciutat de Granada.

The block has 105 flats designed for elderly people, and on the ground floor there is an elderly people’s community centre, a primary medical care centre and a mental health facility.

The building has seven or eight homes on each landing, with a central corridor. The homes will be for rent and each have some 40 square metres, the layout consisting of a bathroom, a bedroom, a living room, a kitchen and a balcony. The flats feature sliding doors, moveable walls and spaces which can either interconnect or act as separation to achieve various degrees of privacy.

The 40 projects shortlisted out of 355 from all over Europe can be seen at the Barcelona School of Architecture (ETSAB).In mid-February the five finalists for the award will be selected, with the winner to be announced in the middle of May.

 

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