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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.​

Work begins on a block of 31 public rental homes in Torre Baró

22/04/2021 - 16:20

Housing. The plan is for the works, which signify a municipal investment of 4 million euros, to be completed in the first quarter of 2023.

The Barcelona Municipal Housing and Rehabilitation Institute (IMHAB) has commenced the works of a block of 31 official protection homes for social rental in the Nou Barris district. The building is located at Avinguda Escolapi Càncer 27-33 in the Torre Baró neighbourhood, which will provide a new home for some 90 persons.

The ceremony of laying the first stone was attended by Xavier Marcé, the Councillor for the Nou Barris district, Lucía Martín, the Councillor for Housing and Rehabilitation, Mari Carmen Rodríguez González and Ramon Ferrer Hernández, representing the Torre Baró Neighbours’ Association, Josep Montiel Mora, representing the Els Eucaliptus Neighbours’ Association, and Gregoria Garcia, of the Torre Baró Senior Citizens’ Centre.

The plan is for the works, which signify a municipal investment of 4,047,778 euros (not including VAT), to last until the first quarter of 2023. The project forms part of the municipal government’s strategy in recent years of increasing and intensifying the construction of new protected public housing in the city.

The topography that characterises the Torre Baró area, with significant slopes, is one of the elements that mark the character of the building. Accordingly, the block designed by the joint venture formed by Alday Jover Arquitectes SLP and Burgos&Garrido Arquitectos Asociados SLP has a clearly-defined geometry that evokes a cube inserted into a significant north-oriented slope. This geometric figure has been hollowed out with an interior courtyard facing south, against the slope of the hill, directly seeking the sun and giving access to all the homes. Access to the building is via a large exterior porch opening onto Avinguda Escolapi Càncer, the main roadway of the new urban complex of Torre Baró, which revolves around a reconfigured Plaça dels Eucaliptus. The second floor of the building connects with Carrer Castelldefels, where there is a second access to it.

This project will provide 31 homes and a commercial establishment distributed into a ground floor and five upper floors. The ground floor will house the commercial premises and a large porch, and a semi-basement will contain the utility rooms, the rear of the commercial premises, a bicycle storage area and a space for the wastes generated by the homes. The homes will have a useful floor area of between 65m2 and 80m2. 14 of them will have three bedrooms, 16 will have two and 1 will have one. In addition, two of these homes will be adapted for persons with reduced mobility.

The homes will be distributed between the first and fifth floors: 5 on the first, 6 on the second, 6 on the third, 7 on the fourth and 7 on the fifth. The building will also have an interior courtyard and 17 storerooms for the homes with one and two bedrooms. The roof will house the telecommunications infrastructure, the antenna, the lightning conductor, the photovoltaic installation, the cleaning room and the smoke and ventilation outlets.

More public housing promotions

In addition to this development, there are currently two more protected public housing promotions in progress in the Nou Barris district: a project of 47 homes to be used as social housing, also in Torre Baró, planned for the second half of 2022, and the co-housing project led by the Sostre Cívic cooperative in the Pla dels Cirerers, with 29 more homes which will be completed by the end of this year. It is also planned, during this year 2021, to commence the works of three more promotions in the Trinitat Nova neighbourhood, with a total of 246 rental homes with surface right. In total, the protected housing stock in the Nou Barris district will be increased by 353 additional homes for some 880 persons.

All of these actions demonstrate the IMHAB’s commitment to the promotion and enlargement of public housing in the city. Barcelona City Council currently has 79 active promotions, of which 19 are completed, 16 are in construction, 15 have the project tendered, 9 are in the planning stage, 9 are in land tender and 11 have the tender programmed. This means that there are 4,847 homes and 186 accommodations currently in progress apart from those being planned.

In addition to the new developments, the Barcelona City Council is also enlarging the public housing stock through the purchase and mobilisation of private homes for affordable rents. Since the year 2015, the Council has acquired 184 homes in Nou Barris and has obtained 323 private homes by way of the various capture programmes, addressed to affordable social rental. Overall, the homes purchased and mobilised represent accommodation for more than 1,200 persons.