Bare ownership of these houses for sale from 2,250 euros

Buying bare ownership of a home is a way to invest in real estate at a lower cost than full ownership. This means that you become the owner of the property, but do not have the use and enjoyment that belongs to the user. Usually, the user is the previous owner who sells the bare property to get cash and continue living in their home until their death.

Buying a home in bare ownership can be an interesting option for people who want to buy a residential property on a long-term basis and are in no hurry to move in. If this is your case, don't hesitate to check out over 300 properties in bare ownership with prices starting from €2,250. It should be noted that there are some legal, tax and operational aspects to consider before committing the transaction, so it is recommended to consult a lawyer.

Buying a bare property, what advantages does it have?

Investing in bare ownership is a way of investing in real estate that offers several advantages, with the main one being the low market price. Buying a bare ownership of a home can reduce the price of the home by 30-50% off the market price. Thus, it is possible to find houses for all tastes, where the cheapest ones cost from 2,250 euros and the most expensive ones can exceed a million euros.

Another factor to consider is the future yield. The buyer expects to become the full owner upon termination of the right of use, which typically occurs by the death of the user's rights. Thus, the buyer will be free to sell, rent or live in the property without having to pay any compensation to the user. In addition, the value of real estate can increase over time, providing an opportunity to make a profit.

There are tax advantages that come along with acquiring bare ownership of real estate. The buyer will pay less taxes for owning the property because the cost of the home is lower. In addition, he or she will not have to pay property tax (IBI), as well as additional fees such as dormitory contribution and the cost of a Certificate of Energy Efficiency (CEE), which are usually covered by the user.

What rights does a bare owner have?

An owner of property in bare ownership has a number of rights to be aware of:

• The disposition of the full ownership of real property upon termination of the right of use, by death or abandonment to the user or other lawful grounds
• Sale, gift or transfer of bare possession to another person, provided that the right of use is retained
• A claim against the user for ordinary housing expenses, such as utilities or property taxes, which he must pay for his right of use
• A claim against the user for the repair of damage or injury to the dwelling caused by improper or negligent use
• Visit and monitor the condition of the dwelling with prior notification and consent of the user

Examples of properties in bare ownership

There are several examples of bare ownership properties, starting with this apartment in El Ranero San Basilio Norte, inMurcia, priced at 30,000 euros. The users are two people aged 73 and 75 and the buyer will have to take on a mortgage debt of €52,000 (monthly payment of €627.04). From 2032, it will have to pay a lifetime rent of 180 euros per month for the benefit of users. Regarding the allocation of real estate expenses, the costs of utilities, property tax and utility bills are borne by the user, while the contributions incurred after the signing of the transaction are borne by the bare owner.

The second example is this apartment in El Congres i les Indians, in Barcelona, priced at 60,000 euros. It is a two-level loft with a total area of 134 square meters, which consists of a living room, kitchen, bathroom and bedroom. The user is 71 years old and the buyer will have to pay property tax, extraordinary additional charges and home insurance, as well as paying a lifetime rent of €500 for nine years.

Then we move on to this self-contained detached chalet in Calasparra, inMurcia, priced at €78,000, with garage included. The chalet is located in Urbanización Tierra del Sol. The current owners, a married couple aged 83 and 76, retain the right to use and enjoy the property for the remainder of their lives. Costs arising from the transaction (property transfer tax, notary services and registration), land value increment tax, customary community contribution, property insurance, garbage and utility fees will be borne by the sellers. In the meantime, property taxes, extraordinary interest and building insurance will be paid by the buyer. It is a two-story chalet of 88 square meters. It has two large rooms (one with en-suite bathroom), living room with fireplace, kitchen, courtyard and roof terrace.

We finally present this independent chalet in Guardamar del Segura, in Alicante, priced at 83,000 euros. The current owner, at age 70, retains the right to use and enjoy the property for life. He will pay the expenses incurred in connection with the transaction (property transfer tax, notary services and registration) and land value appreciation tax. However, property tax (IBI), extraordinary shares and building insurance will be paid by the buyer. It is a 92 square meter chalet with two large rooms, two bathrooms, living-dining room, fully equipped kitchen, pantry and garden.

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Graduated in journalism and political science. Despite specializing in terrorism and homeland security, life has led me to write about a multitude of topics: politics, health care, courts are some of the sections. Now, thanks to Idealista/News, I can expand my topics and write about many other areas.