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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 gets under way on 152 flats for elderly people at the Casernes de Sant Andreu

13/10/2020 - 15:02

Housing. Two more public housing blocks are also currently being tendered in the same area.

The Municipal Institute for Housing and Renovation (IMHAB) has started work on a building with 152 homes for elderly people at the former barracks known as the Casernes de Sant Andreu. An annexe on the ground floor will also provide a space of 1,200 square metres for a youth centre, the Espai Jove Jaume Oller. In addition, a public competition is under way to award the contracts to build two more public housing blocks with social rents for young people.

The work now in progress is for Building C, a project by the architect Josep Llinàs. The building will be located on a 10,200 square-metre site classified for construction in C/ Antoni Santiburcio, between Pg. Torras i Bages and the park of the same name.

The project will create 152 homes with services for the elderly and premises of 1,200 square metres for the Espai Jove Jaume Oller, which has been designed with participation from young people from the neighbourhoods of Sant Andreu, Trinitat Vella and Baró de Viver. An underground car park of 1,400 square metres will also be built.

The work should be completed at the end of 2022. The budget for the project is 15.3 million euros, VAT included.

Two more affordable housing developments

At the same time, and in the same area at the Casernes de Sant Andreu, the IMHAB is tendering the projects and works for two more public housing blocks. One is Building A, consisting of 84 flats with social rents at C/ Víctor Colomer, 6-12, and the other is Building J, consisting of 60 rental flats for young people at C/ Fernando Pessoa, 53-57.

 

 

 

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