An occupied property presents a unique investment opportunity, but it also poses significant challenges. Such properties have been taken over without the owner's consent, often by individuals in vulnerable situations or organized groups seeking abandoned spaces. Typically found in strategic urban locations where real estate prices can be high, these occupied homes tend to be inactive or neglected, attracting those in search of alternative housing solutions. They are often used temporarily or for extended periods without paying rent.
While many of these properties may show signs of deterioration due to a lack of maintenance, there are exceptions where some retain their basic living conditions. For investors, purchasing an occupied property comes with certain risks and additional costs, yet it can lead to a potentially lucrative financial opportunity. The market price of these properties is usually significantly lower because of their irregular status, providing an interesting profit margin in the event of regularization.
However, any investment in such properties must factor in the legal costs associated with reclaiming the property, as well as potential expenses for remodeling and repairs, since some occupied homes may have undergone unauthorized modifications or be in unfavorable conditions. The process of eviction can require a considerable amount of time and resources.
Property characteristics
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Property typeFlats
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Bedrooms4
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Bathrooms3
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Builded surface88 m²
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REF: 164398
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