A pivotal player in high-end real estate and an ambassador of French art de vivre, BARNES has also been a pioneer and leader in the separation of exceptional properties for 10 years.
From Paris to the French Riviera and top holiday destinations (Biarritz, Megève, Courchevel, Cap-Ferret and Corsica), real estate is more than ever a safe haven value. Our private and corporate buyers rely on our recognised expertise to invest without any credit-related condition precedent.
In a very buoyant market, the time is ripe to consider innovative forms of lump sum payment without rent, which allow vendors to monetise their assets at substantial amounts. Our strong relationships with wealthy buyers and our long-standing presence in the high-end market make Barnes Nue-propriété a pivotal player in bare ownership sales.
« Selling the bare ownership and retaining the usufruct for life - the optimal solution »
Having traditionally been comprised of an initial settlement and an annuity rent, the element of unknown has been taken out of the equation. The buyer now pays the entire amount of the occupied value in a single instalment in the form of a one-off settlement paid on the day of the sale. Ideally 65 and over, whether single or a couple, the owners of upmarket properties can now receive between 50% and 80% of the market value and continue to live in their home as long as they want.
The optimal solution is to sell the bare ownership and retain the usufruct for life. Usufruct makes it possible to rent out the property in the event of premature departure. If renting is not an option, the vendors transfer the full ownership and solely retain a right of use and of dwelling.This has the effect of significantly reducing the tax on personal real estate assets, while the most costly works are covered by the buyer. Lastly, younger owners can choose the forward sale option which allows them to transfer the usufruct under the same conditions but with a fixed term, often between 7 and 15 years.
Typical example of a recent transaction, Rue de Rivoli (France)
On the top floor of a Haussmann building between Place Vendôme and the Louvre museum. Affording a spectacular view over Paris’ most stunning monuments, with the Jardin des Tuileries in the forefront, this exceptional property is the embodiment of the ultimate safe haven value. Single 80-year-old woman transferring the bare ownership of her 200 sq.m (2,152 sq ft) property decorated by an interior designer.
Unoccupied market value: €7,000,000
Occupied value: €4,200,000
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