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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.​

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Work gets under way to widen the drainage tank under Av. Diagonal bigger to reduce flood risks

Work gets under way to widen the drainage tank under Av. Diagonal bigger to reduce flood risks

18/11/2020 - 14:40

Urban planning. The work is a key project for adapting the sewerage system to the effects of the climate crisis.

Demographic and urban growth, coupled with the effects of the climate crisis, have all led to greater drainage demands in the city. To respond to this need, increase the capacity of the primary sewerage network and reduce the risk of flooding from heavy rainfall, the drainage tank beneath Av. Diagonal is being widened. The tank is a major hydraulic and sanitary infrastructure, built in the 19th century. The project is also essential for the future link-up of the city’s two tram networks.

 

The project to widen the drainage tank in Av. Diagonal will be carried out in the section between C/ Girona and Passeig de Sant Joan. It will enable the drainage capacity of the infrastructure to be increased, with the maximum flow volume for residual and rainwater rising from 96 m3 per second to 160 m3 per second, an increase of 70%. The section is 309 metres long and work should take 14 months, concluding in January 2022 and costing 7.7 million euros. The second stage will involve widening the section all the way to Plaça de Francesc Macià.

The project corresponds to the process to adapt the city to the effects of the climate crisis and will reduce the flood risk in cases of torrential rain, as well as the circulation of water in Av. Diagonal and the sewerage system in C/ Fontanals, C/ Girona and C/ Bailèn, extending the useful life of this infrastructure. The work is a priority under the comprehensive master plan for the sanitisation of the city of Barcelona, to meet the commitments of the climate emergency declaration in relation to the sewerage system.

Disruptions to traffic

Traffic will be restricted in the central road section in Av. Diagonal as from 23 November, between C/ Aragó and C/ Roger de Llúria.

Drivers are recommended to use the following alternatives:

  • C/ Aragó or C/ Mallorca, in the direction of the Llobregat.
  • C/ Rosselló or C/ València, in the direction of the Besòs.

Bus services

  • Six stops will be out of service and the following TMB routes will be changed: 6, 33, 34, V19, D50 and 19.
  • Two stops will be out of service and there will be changes to the Tugsal lines N1 and N4.
  • Three new stops will be created to cover the service, as well as existing stops.

Bike lanes

  • Users travelling in the direction of the Besòs are recommended to use the bike lane in C/ Girona and the one in C/ València to decongest the section in Av. Diagonal.

 

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