"Sale of bare property starting from25,000 euros: find your home""

"Finding the perfect accommodation is not an easy task, and if you add any requirements to it, such as bare ownership, everything can become a little more difficult. However, buying one of these properties has many advantages, making it worthy of attention."."

How does the sale of bare ownership work?

Bare ownership is property that is sold without relinquishing the right to use and enjoy it, meaning without the right of use. This option is available for people who want to gain liquidity from their property but continue living in it until their death, for example. To formalize the sale of bare ownership, a public document must be signed before a notary, which will establish the terms and guarantees of the transaction. It is also necessary to pay the property transfer tax (ITP), which is levied on the value of the bare ownership according to official rates. The buyer pays the ITP, while the seller must pay the income tax on the proceeds from the sale of the property, as per personal income tax regulations.

Bare ownership is becoming increasingly in demand in the real estate market.

It allows elderly homeowners to generate income without losing their homes, while giving investors access to properties with high income potential.

Advantages of buying a home with bare ownership

Bare ownership is an interesting option for those who want to buy a house at a lower price and are not in a hurry to move in. Some of the advantages of purchasing a house with bare ownership include:

• The price of bare ownership is usually 40-60% cheaper than full ownership.

• The buyer of bare ownership hopes to become the full owner of the property after the usage period expires.

• If you purchase bare ownership, you will have all the rights associated with ownership, except for the rights of use and enjoyment.

• You can take advantage of certain tax benefits, such as exemption from the property transfer tax (ITP), if this is your permanent home.

Examples of real estate in bare ownership for sale

Let's start from the north of Spain, specifically from Sant Andreu in Barcelona. There we will find this apartment for sale for 60,000 euros. It is a ground floor with two bedrooms, a living room, a kitchen, and a bathroom, all covering an area of 134 m2. The buyer will be responsible for property tax, emergency fees, and property insurance.

Without the need to move to other regions of Spain, we found this apartment for sale in El Vendrell, Tarragona, priced at €68,700. Located on the fourth floor, it consists of a lobby, hallway, two terraces of 23 m2 each (located at the front and back respectively), a living-dining room, three bedrooms, two bathrooms with showers, and a kitchen.