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The increase in boring property in Spain by 11.3%: what is it and where is it most common?

In 2023, there has been an increase in interest in nudist properties in Spain, reaching 11.3%, according to data from the College of Registrars. This phenomenon has become more noticeable in regions experiencing an aging population, prompting citizens to reconsider their housing solutions and approaches to real estate.

Key regions

Galicia stands out as a region with the highest rates of early retirement without any penalties. The business situation is also attracting attention, especially as well-known figures like television producer José Luis Moreno actively use social media to promote their properties. Not long ago, he posted an announcement on TikTok about the sale of his luxurious ten-bedroom, nine-bathroom house with two swimming pools, priced at eight and a half million euros. However, there is one condition: the new owner will not be able to occupy the property until their death. This method, known as "nuda propiedad," is gaining popularity amid rising housing market prices.

What is tedious ownership?

Boring ownership is a sales scheme that involves reducing the price of a house, while the buyer is not allowed to use it until the seller's death.

Where is nudist property practiced?

This method is becoming increasingly attractive to residents of Spain, as evidenced by the mentioned growth. Boring property involves selling the rights to real estate while retaining the seller's right to lifelong use. Thus, the most active regions in this area are:

• Valencia
• Andalusia
• Madrid

However, the largest increase in transactions is recorded in:

• Castile and León
• Catalonia
• Cantabria

Advantages of tedious ownership

The most significant increase in real estate ownership is observed in those areas where a trend of an aging population has emerged. This sales scheme allows both parties to benefit:buyergets housing at a lower price, andsellerhas the ability to manage the received amount throughout their life and remain in their home.

This method, which was not widely known in Spain, is actively used in countries like Italy, the USA, and France, where it is considered quite common. Topics related to tedious property continue to be discussed, as it offers a fresh approach to residential real estate issues in a changing market.