DOMINICK DEVEREUX  8:58?PM (0 minutes ago)  to me      THIS IS AN EQUITY RELEASE PROPERTY/ NUDA PROPIEDAD2 bed apartment punta primaProperty Value €120,000Purchase Price €66,050*Discount 45%*Inclusive of Buyers FeeTHIS IS AN EQUITY RELEASE PROPERTY/ NUDA PROPIEDAD This is an opportunity for investors and also potential buyers that don't have the funds to purchase in Spain at the current prices.For sale is the BARE OWNERSHIP of this lovely ground floor apartment in the sought after area of Punta Prima, Orihuela Costa, Alicante.The current owner, (Female, 71 years old) will have a Usufruct and reserves the right to use and enjoy the property for the rest of their lives/ until permanent entry into a nursing home or under state care..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 here purchase a portion of the property's ownership at a discounted price compared to the market value.This creates two ownership here: The seller retains the right to live in and use the property for a predetermined period, typically their lifetime/ until permanent entry into a nursing home or under state care.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 (usually upon the seller's passing/ until permanent entry into a nursing home or under state care), 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 PropertyThis beautiful apartment is close to local amenities, with the popular Punta Prima beach within walking distance. The apartment also benefits from access to a communal swimming pool. All in all, a great mid-term investment.Both buyer and seller will be protected by watertight contracts and agreements signed and stamped by the Spanish public notary and the Spanish land registry.    ReplyForward Add reaction