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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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Vallcarca gets a new block of housing with affordable rents

Vallcarca gets a new block of housing with affordable rents

28/03/2025 - 16:36

Housing. The block of 14 publicly owned flats is located at Av. Vallcarca, 93.

The keys have been handed over for six flats in a block of public housing at Av. Vallcarca, 93, in the district of Gràcia. The 14 homes in the block have been allocated to rehouse families affected by the urban transformation of the neighbourhood, such as the green rambla in the Farigola neighbourhood, and to families on the Barcelona Register of Applicants for Officially Protected Housing.

The families moving into the flats will pay monthly rents of between 514 and 756 euros according to the floor space of the flats, which together with communal costs will not exceed 40% of their household income.

The building consists of a ground floor and five upper floors, with an entrance at Av. Republic Argentina, 96, and another ground floor and two upper floors at Av. Vallcarca, 93. Nine of the 14 homes have three bedrooms and five have two. The three-bedroom flats have floor areas of between 75 and 90 square metres, while the two-bedroom flats have between 55 and 66 square metres. The building has two yards that are connected via the basement, plus a communal terrace and some commercial premises on the ground floor.

The block is part of the 204 new homes with official protection resulting from the transformation under way in Vallcarca. The process should significantly increase the stock of affordable housing in Gràcia, a very dense district with very little land available.

 

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