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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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Work begins on the city’s first temporary housing block

26/08/2019 - 16:22

Housing. The temporary homes on the APROP project are quick-build sustainable flats which help ease the pressure of the housing emergency.

Work on the first APROP building project is under way in the Gòtic neighbourhood in Ciutat Vella and should be ready in October. This new model of quick-build temporary housing will help increase the public housing stock and fight gentrification.

The first homes will house vulnerable families in the district of Ciutat Vella. The block is located at Carrer Nou de Sant Francesc, 8-10, and includes:

  • Twelve homes, four doubles of 60 square metres and eight singles of 30 square metres.
  • A communal facility on the ground floor.
  • A cultivation patch on the rooftop.

The process to allocate the flats will begin at the end of October and families will be able to occupy them provisionally while they wait for definitive social housing.

The project has a budget of 940,000 euros.

The right to housing as a priority

The APROP project is designed to complement the Right to Housing Plan, offering a quicker response to the urgent need for social housing, boosting the public housing stock and helping fight gentrification.

The pilot project for provisional homes includes three blocks of flats with an overall capacity for 250 people. Besides the building now being installed in Ciutat Vella, two further projects will be tendered in Sants-Montjuïc and Sant Martí.

Quick-build sustainable quality flats

The time needed to get these temporary homes ready is shortened to a few months or a year, much quicker that the time needed to build ordinary public housing, which can take between six and seven years.

This is because the homes are constructed using pre-fabricated modules made from shipping containers which have been repaired and adapted.

Once the modules are in place, other elements such as the lift, stairs and connecting areas are built and finally the façade and the rooftop are added.

The buildings are to be constructed on plots of land set aside for public housing. When definitive building projects are approved for the sites in question the temporary blocks can be dismantled and moved to another site.

 

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