Saturday, May 27, 2023

Sale of bare property home, growing property

In 1748, Benjamin Franklin left a note in his work, An Admonition to a Young Merchant: “Remember that time is money.” It is usually explained that he thus explained the need for connection with work. However, Franklin, in addition to being a famous American journalist and publisher, was a famous inventor who spent years creating tools like the lightning rod to improve the lives of his neighbors. Perhaps for that reason, his excellent speech also has another lesson, which encourages you to enjoy helping others every day and thus turn your time into valuable things. Today, almost 300 years later, we can say that whoever the founding father of the United States of America was, he fully understood why the sale of bare property is a growing business.

What is bare ownership? It is the right of something – a house, for example, of which he is the owner, with the exception that he does not have the right to use and enjoy, which corresponds to him who has a usufruct. Or what is the same, who allows those who wish to buy their house at a lower price in exchange for those who wish to sell it without leaving it to live in it.

In Spain and in 2010, 75% of families had a domicile, according to Eurostat data. In homes owned by people over the age of 65, this proportion reaches 89%, according to studies by the Superior Council for Scientific Research (CSIC). In addition, it should be taken into account that the majority of the majority of people already pay for their housing. This, together with the extension of life expectancy, with a corresponding increase in the need for financial resources in this state, are added to the compelling reasons that explain why the sale of this right is becoming more and more common in the real world.

Thus, in many cases, the need to increase the amount of pension money is part of the most important thing that people usually have: their country emerges. The quantity of this matter, through the results that are incorporated from this year to the years of the Real Estate Registry Statistics of the Association of Registrars, will make it possible to accurately follow the development of this modality in the coming years.

In recent decades, the volume of bare property purchases has fluctuated between 1,500 and 2,000 operations, a figure certainly lower than traditional purchases, which usually exceed half a million operations per year. In the last year and a half, all quarters until the end of 2022 have held annual growth above 20%, according to the expectation of significant increases expressed by experts in the real estate sector.

In relation to the event of 2022, the number of purchases and sales of bare home ownership was said to be 1,657. This result represents a significant increase compared to the previous year, reaching an annual growth rate of 23.7%. They have accumulated two years of constant growth with the annual boom in the series of events, reached in 2020 due to the impact of the pandemic. In fact, the 2022 event represents the highest amount since 2014, reaching the last year, which is why it is the highest level of the last eight years.

From a territorial point of view, there was a clear predominance of increases in eleven independent communities, compared to decreases in only five communities. Only one data remained stable. The places with the highest number of bare home ownership purchases last year were the Community of Valencia (379), the Community of Madrid (293), Andalusia (287) and Catalonia (157), which together rented two. a third of all things in Spain.

The trend in the use of this modality is increasing and it is predicted that this will continue in the coming years. We will be from the collective register, as always, willing to contribute our sands. In addition, we will provide the maximum level of knowledge in this or other aspects that may be relevant in the future in a major event, to improve the conditions of people living in old age, with a clear objective to obtain the maximum number. possible years to be well, with all the elements that modern society offers to citizens and, of course, the legal aspects necessary to guarantee, as in this case, the proper use of the good as a bare true possession. patrimony, domestic property, preserving the use as the first necessity of good.

Sebastián del Rey, Director of Institutional Relations College Registrar

Nation World News Desk
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