01
Full ownership
Complete title: full right of use, enjoyment and disposal of the property.
Bare ownership · Lifetime usufruct
Bare ownership sale.Your home, always yours to live in.
Sell the bare ownership and retain the usufruct: equity release without having to move. Tailored advice in Madrid, Mallorca and Valencia, with legal review by Sky Law when required.
No need to moveYou retain the usufruct of your home
3 optionsLump sum, life annuity or fixed term
Sky LawIn-house law firm present at completion
A clear concept
What bare ownership is
Full property ownership can be divided: you sell the legal title while retaining full right of use. The buyer waits until the usufruct expires to consolidate full title.
You keep living in your home
You retain the usufruct: full use and enjoyment for the duration of the agreement.
Liquidity without moving
You receive payment for the bare ownership and decide how best to use the capital.
Completion backed by legal expertise
Deed signed before a notary and legal review by Sky Law when required.
02
Bare ownership
You are the legal owner, but use and enjoyment belong to the usufructuary until the usufruct expires.
03
Usufruct
The right to live in the home (and, depending on agreement, rent it out). It can be lifetime or fixed-term.
Why consider bare ownership
A model designed to release equity without giving up the comfort and peace of mind of your home.
Liquidity without leaving home
Release capital to improve your quality of life, cover expenses or fund retirement, while continuing to live in your home.
No need to move
You retain the usufruct: full use and enjoyment of the home for as long as that right lasts (usually for life).
Clear legal framework
Bare ownership and usufruct are fully documented in public deeds. Sky Law reviews clauses and notary proceedings when required.
Transparency at every step
From valuation through to completion, we clearly explain figures, timelines and tax implications.
Three ways to structure the sale
We select the structure based on your capital requirements and transaction profile.
Lump sum on completion
Sell the bare ownership while retaining a lifetime usufruct. You receive the capital in full upon signing the deed.
Enquire about this optionLife annuity
Sell the bare ownership and receive a guaranteed monthly lifetime income, as agreed in the public deed.
Enquire about this optionFixed-term annuity
Sell the bare ownership and receive monthly payments over an agreed fixed term.
Enquire about this optionHow we manage it
From initial contact to the notary's office, with clear guidance at every stage.
- 01
Consultation and suitability
We review your situation, property details and suitability for bare ownership (age, location and goals).
- 02
Valuation and structure
We estimate the value of both bare ownership and usufruct, comparing lump sum, life annuity and fixed-term options.
- 03
Buyers and investors
We activate our network of qualified buyers and investors interested in this structure, providing clear usufruct terms.
- 04
Deeds and completion
Documentation, legal review with Sky Law where appropriate, and signing before a notary with full support throughout.
Indicative tax valuation
Bare ownership value is calculated by deducting the usufruct value from total property value. Legal rules depend on whether the usufruct is fixed-term or lifetime.
Fixed-term usufruct
Under Spanish regulations, this is typically valued at around 2% of the property value per remaining year, capped at a maximum of 70% of total property value.
Lifetime usufruct
The usufruct value uses percentages linked to the age of the usufructuary (typically ranging from a maximum of 70% down to a minimum of 10%). Bare ownership is total property value minus usufruct.
General guidance based on Spanish regulations. Specific figures will be applied in your individual property valuation.
Sky Law
Deeds handled by our in-house law firm
We are one of the very few real estate agencies with an in-house law firm. Sky Law, awarded Real Estate Law Firm of the Year three consecutive years (2023, 2024 and 2025) for group transactions, including Sky Real Estate: contract clauses, deposit agreements and notary completion managed directly by group lawyers, not third parties.
- Review of usufruct terms and contract clauses
- Full accompaniment through to completion at the notary
- Complete legal and tax transparency
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FAQs and guides for this service
Published Sky Real Estate content linked to this service to answer questions before you get in touch.
Frequently asked questions
- Do you have to declare the sale of a property on your tax return?Yes, in most cases you must report the sale on your income tax return as a capital gain or loss. Exemptions and deadlines depend on your situation.
- How long do you have to accept an inheritance?Inheritance tax usually requires self-assessment within six months; civil acceptance does not follow the same timeframe. Formal notice and ISD.
Articles and guides
- Qué es la nuda propiedad y cómo funciona (para mayores de 65)Nuda propiedad y usufructo explicados con claridad: liquidez sin dejar de vivir en casa, y qué negociar antes de firmar.
- Nuda propiedad vs venta con alquiler garantizado: diferenciasComparativa entre vender la nuda propiedad y la venta con alquiler garantizado según liquidez, residencia y perfil.
- Cómo se calcula el precio de la nuda propiedad de una viviendaQué variables influyen en el valor de la nuda propiedad (edad, usufructo, mercado) sin fórmulas inventadas.
- Ventajas e inconvenientes de vender la nuda propiedadLiquidez, residencia y límites: una lectura equilibrada para decidir si la nuda propiedad encaja en tu caso.
- Impuestos al vender la nuda propiedad: IRPF y exención para mayores de 65IRPF y plusvalía al transmitir la nuda propiedad, y cuándo puede aplicar la exención de vivienda habitual para mayores de 65.
Frequently asked questions about bare ownership
Direct answers. If you need tailored figures for your home, request a valuation.
What is a bare ownership sale?
You sell legal title (bare ownership) and retain the usufruct: the right to live in and use the property. The buyer cannot occupy the home while your usufruct remains active; once it expires (for example, upon death in a lifetime usufruct), they obtain full ownership.
Who is this option suitable for?
It is primarily considered by senior homeowners looking to release equity without leaving their home. In practice, the most common age range for these transactions is 65–75 and above (often 75+), and a well-located property is ideal. Every case is evaluated individually.
Which cities do you cover for bare ownership?
We advise on bare ownership transactions particularly in Madrid, Mallorca and Valencia, supported by Sky Real Estate and Sky Law. If your property is located elsewhere, we will clearly inform you if we can assist.
What structure options do you offer?
Lump sum on completion (funds upon signing deeds), life annuity (monthly income for life) and fixed-term annuity (income over an agreed period). We clearly explain all figures and terms before you decide.
How is the value of bare ownership calculated?
Under Spanish law, bare ownership is calculated by deducting the value of the usufruct from total property value. Fixed-term and lifetime usufructs use percentage rules linked to age or years. We outline the exact calculations in your valuation.
Who handles the legal review?
When required, Sky Law (the group's in-house law firm, recognised at the European Legal Awards in Real Estate Law 2023–2025 for transactions handled for Sky Real Estate) reviews documentation, terms and notary completion to protect your interests.
Do I lose the right to live in my home?
No, provided you retain the usufruct (which is usually lifetime in these transactions). You continue to enjoy your home as agreed in the public deed. The buyer acquires bare title, not immediate occupation.
What happens regarding my heirs?
Selling bare ownership changes the assets comprising your estate. In many cases, it avoids future disputes over property, but specific implications depend on each family. We review this transparently without generic promises.
Tell us about your case. We'll guide you with real numbers.
We will outline whether bare ownership is right for you, which option makes the most sense and the next steps. No obligation.
- Madrid, Mallorca and Valencia
- Sky Law at completion when required
- Lump sum, life annuity or fixed term