Buying together means buying in joint ownership. This is a simple and practical solution that allows you to invest while sharing acquisition costs as well as ownership.
This relatively simple investment method offers several advantages, provided it is properly structured legally.
BPS explains how to buy an apartment in Brittany as a couple, under the best conditions.
The Principle of Joint Ownership
Joint ownership involves buying an apartment without there necessarily being a legal relationship between the two parties. This can apply to both marriage and civil partnerships.
Each party’s share is assessed based on the amount of their respective investment in the property. The buyers are called co-owners.
The Main Advantage: Easier Financing
Generally speaking, banks favor investments made in joint ownership insofar as the financing they provide will be more secure. Furthermore, numerous assistance programs can support this investment depending on the project, such as zero-interest loans, for example.
The Importance of Planning for the Future
Buying an apartment in joint ownership requires planning for the future, both in terms of share distribution and anticipating significant events: marriage, divorce, death of one of the co-owners, desire to exit the joint ownership.
It is advisable to seek advice from a notary who can establish a joint ownership agreement addressing these various points.
Why Buy an Apartment in Joint Ownership?
The region offers numerous advantages for investors wishing to buy an apartment. Economic dynamism, development of infrastructure and regional, national, and international connections, investments in numerous sectors, and ever-growing tourism are all assets for this culturally rich region.
Would you like to invest and buy an apartment inland or on the coast? The BPS team will support you in the success of your project.
