How You Can Make Use of the Bare Ownership of a Property

In Greece, thousands of people hold only the bare ownership of a property, usually because they acquired it through a parental gift or inheritance, while the usufruct (the right of use and residence) belongs to someone else, usually a parent or relative.

If you are in this position, you may have wondered:
"Since I cannot live in or rent out the property, what can I do with it?"
The answer is simpler than you might think: you can make financial use of the bare ownership by selling the right you already hold.

What bare ownership means in practice

When a property is "split" into bare ownership and usufruct, the usufructuary has the right to use it or lease it, while the bare owner has the ownership right, meaning they are the legal holder but without use of the property.

When the usufruct ceases, for example upon the death of the usufructuary, the bare ownership automatically merges with the usufruct and the property passes entirely to the bare owner. Until then, however, the bare owner cannot use it.

In practice, this means that you have property that produces no return for you: a part of real estate ownership that exists on paper, without immediate usefulness.

How you can make use of bare ownership

If you hold bare ownership and the usufructuary does not intend to give up the usufruct, there are two main options:

1. Selling the bare ownership

You can sell this right to an investor or company that specializes in purchasing bare ownership, such as Eldero Capital.
In this way, you receive money immediately, without having to wait for the rights to merge.

It is a legal and transparent process, carried out through a notarial deed, in which you receive the agreed amount and transfer the bare ownership.
The usufructuary is not affected: they continue living in the home or leasing it as before.

From your side, you gain liquidity today, converting an inactive asset into real capital.

2. Combined agreement

If there is a good relationship with the usufructuary, you can jointly consider selling the entire ownership (usufruct + bare ownership), so that the value can be shared.
This often happens within families, where both sides want to simplify their property situation and benefit immediately.

What are the benefits of selling bare ownership?

• Immediate liquidity: You receive money without needing to borrow or wait for years.
• Simple process: The process is purely legal, involving a notary and lawyer.
• No bureaucracy: The buyer handles the procedures; you simply provide the necessary documents.
• Safe and transparent agreement: The terms are clear and officially recorded in the contract.
• Flexibility: If you have more than one property, you can make use of one without affecting the others.

What to watch before proceeding

Before deciding, make sure to:

• Consult a lawyer or notary who will review the documents.
• Request a valuation of the bare ownership so you know the fair price.
• Choose a partner with transparency and experience, a company that will guide you clearly at every stage.

Conclusion

Bare ownership is a valuable but often inactive right.
With the right guidance, it can be converted into a meaningful financial advantage, without hassle or risk.

If you own only the bare ownership of a property, selling it may be the smart move that secures the comfort and financial flexibility you want now, without having to wait for years.

At Eldero Capital, we handle the entire process with complete transparency, legal protection and a human approach, because every property carries a story, and every story deserves respect.