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THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD
*Inclusive of Buyers Commission PRICE REDUCTION, WAS €99,500, NOW €85,000 THIS IS AN EQUITY RELEASE/ NUDA PROPIEDAD For sale is the BARE OWNERSHIP of a 3-bedroom Corner Semi-Detached House in a wonderful south facing location. Our clients who are male 80 & female 81 years old reserve the right to use and enjoy the property for the rest of his life. What does this mean? This property offers a unique chance to acquire ownership through Nuda Propiedad, a concept meaning "bare ownership." Here's how it works: You purchase a portion of the property's ownership at a discounted price compared to the market value. This creates two ownership rights: Usufruct: The seller retains the right to live in and use the property for their lifetime. Bare Ownership (Nuda Propiedad): You acquire ownership of the property itself but cannot occupy it until the usufruct period ends. Once the usufruct period expires , full ownership, including occupancy rights, will transfer to you. This approach allows you to invest in the property's future value at a reduced cost, while the seller enjoys continued use of the property. It's a great way to enter the property market or invest for the mid term. About this Property A magnificent 3-bedroom Corner Semi-Detached House in a wonderful location, situated in Torrevieja, Spain. The property comes to the market, offering amazing comfortable living and convenience. The property is presented in outstanding condition. This is a beautifully designed house with ample space for a family of 6 This property benefits from:
Both buyer and seller benefit from legally sound contracts, officially signed and registered with a Spanish public notary and the Land Registry. In addition to the purchase price, the buyer pays Property Transfer Tax, notary fees, Land Registry fees. |
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| €85,000 | |||||||||||||||||||||||||||||