Temporary split of ownership
Buy the bare ownership of a home today and prepare for its future full ownership.
The JL HOME selection
Bare ownership
Selection based on information from the developer. The scheme's conditions and the applicable price should be checked for your project.
One example property available per development. Open a listing to see the unit shown and its price conditions.
Residence image · non-contractualNue-propriété : vous n’occupez pas le logement pendant 16,5 ans ; pleine propriété estimée 90 494 €
Expected delivery Q4 2027
Programme offered for investment. Letting and occupancy conditions must be checked before purchase.
Residence image · non-contractualNue-propriété : vous n’occupez pas le logement pendant le démembrement
Expected delivery Q3 2027
Residence image · non-contractualNue-propriété : vous n’occupez pas le logement pendant le démembrement
Expected delivery Q4 2028
Residence image · non-contractualNue-propriété : vous n’occupez pas le logement pendant le démembrement
Expected delivery Q1 2027
Residence image · non-contractualNue-propriété : vous n’occupez pas le logement pendant le démembrement
Expected delivery Q3 2028
Residence image · non-contractualNue-propriété : vous n’occupez pas le logement pendant le démembrement
Expected delivery Q3 2028
How it works
Split ownership separates bare ownership from usufruct. The bare owner holds the property, while the usufructuary enjoys its use and income. In a temporary arrangement, the rights are reunited at the end of the usufruct, according to the contract and the law. The price for bare ownership is set for the transaction; there is no universal commercial discount linked to a term.
Build your project
The duration should match your plans: retirement, future use or passing on. Also allow for a cash reserve, as resale before the end of the term may be more constrained.
Maintenance, major repairs and restoration are governed by the contract and the legal framework. The absence of rent does not automatically mean the absence of any expenditure.
Analyse the reference full-ownership price as well as the announced discount. An attractive discount on an overvalued reference can give a false impression of a good deal.
La valorisation future et la liquidité ne sont pas garanties. Les règles d’IFI et de transmission varient selon l’origine du démembrement ; elles ne se résument pas à une exonération automatique.
Worked example · illustrative assumptions
Hypothetical example: reference freehold of €250,000, purchase of bare ownership at €162,500 and fifteen-year usufruct. The price gap is €87,500, or 35%. Assuming a stable value, the projected freehold at term remains €250,000, before costs, financing and taxation.
Replace this example with my figures →Your conversation with JL HOME
The simulator provides an initial baseline. To move forward, we review your objective, your budget and the type of transaction you are considering. Your project documents then help refine the assumptions and the points requiring validation.
Holding period, income needs, financing capacity and taxation: explain what you expect from the investment.
Location, price, any works, lease and management: review the property documents before choosing a scenario.
Refine the budget and have the tax, accounting and legal aspects confirmed with the relevant professionals.
Frequently asked questions
Useful answers to help you place Nue-propriété in your project.
The usufructuary has the right to receive the income. The bare owner therefore does not receive the rent during this period.
The price of an investment transaction is contractual. The tax scale used for certain transfer transactions does not automatically constitute a commercial discount to be applied.
Selling the bare ownership may be possible, but the market, the contract and the rights in place affect liquidity and price. This horizon should be planned for from the purchase.
It applies your own assumption of rising, stable or falling values to the reference full ownership. It does not calculate a guaranteed return and excludes fees, credit and tax.
Compare the options
Official sources consulted for this edition of 8 October 2026
Share your goal with JL HOME to explore a selection suited to your situation.
