Do you dream of a historic residence in Ortigia or a sea-view villa in Avola, but don’t need to move in right away? Bare Ownership (Nuda Proprietà) could be the key to your next great real estate investment.
In a market like Sicily, where property values are steadily rising, this formula allows you to "reserve" a property today, paying significantly less than its real market value.
What is Bare Ownership?
Selling the Bare Ownership (Nuda Proprietà) means that the owner (the seller) transfers the ownership of the property but retains the Usufruct (Usufrutto)—the right to live in it or rent it out for the rest of their life (or for a predefined period).
The buyer becomes the Bare Owner (Nudo Proprietario): they own the legal title to the walls, but cannot yet use the property. They will gain full possession only upon the expiration of the usufruct (usually upon the death of the usufructuary).
The Economic Advantage: How much can you save?
The purchase price of bare ownership is calculated by subtracting the value of the usufruct from the total market value. The latter depends on the seller's age: the older the usufructuary, the higher the price of the bare ownership (because the wait for full possession is presumably shorter).
Why invest this way in Sicily?
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Immediate Discount: You can purchase properties that might otherwise be over your budget, with discounts ranging from 20% to 50%.
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No Management Costs: Ordinary maintenance expenses, property tax (IMU), and waste tax (TARI) remain the responsibility of the usufructuary. The bare owner only pays for structural, extraordinary expenses.
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Double Appreciation: You gain twice. First, through the natural increase in market value in the area (e.g., the constant growth of Syracuse and Avola); second, as the usufructuary ages, the value of your bare ownership automatically increases every year.
Who is the typical seller?
Usually, these are seniors who have no direct heirs or who wish to supplement their pension with immediate liquidity, while continuing to live in their own home and maintaining their lifestyle.
The Advice from Domus Sicilia Immobiliare
Bare ownership is a medium-to-long-term investment. It is perfect for those who want to build an estate for their children or for those who wish to secure a home for their retirement by purchasing it today at "sale" prices.
However, it is fundamental to carefully analyze the sales deed to clearly define the allocation of extraordinary expenses and verify the maintenance status of the building.
What can we do for you?
At Domus Sicilia, we select the best bare ownership opportunities in the Syracuse and Etna regions.
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Precise Valuations: We calculate the value of the bare ownership based on updated ministerial tables.
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Legal Protection: We draft contracts that protect both the buyer and the seller.
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Tax Consultancy: We analyze the available tax breaks (for example, it is possible to benefit from "First Home" tax incentives even on bare ownership).
Do you want to discover our "Off-Market" bare ownership opportunities? Contact us for a confidential consultation.
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