buy bare ownership, a real bargain?

Acquiring a bare-ownership apartment could be the new way to invest in new construction. By opting for this type of purchase, it is possible to pay half the price for accommodation, but with a counterpart: buy today, but have to wait for years before being able to benefit from it. Jean-Paul Alves, 52, had been looking for a good investment for his retirement for a long time. The price of the Paris apartment he bought is 673,000 euros instead of 965,000 euros.

Unable to live in his apartment for 15 years

He thus paid for his accommodation 30% less than its value. However, Jean-Paul Alves is today only bare owner of his 90 square meters. It is therefore impossible for him to live there or to rent it for a period of 15 years. “The principle is that the usufruct, which is the right to collect these rents, is entrusted to an institutional lessor who will manage this apartment for 15 years”explain Nadir Benabed, associate director of Catella Patrimoine. In the long run, bare ownership can be a good deal. For example, no maintenance costs are to be insured on the apartment, and the buyer does not have to pay property tax or income tax, as no rent is affected by the acquirer.