Nuda
Nuda enables homeowners over 65 in Uruguay to sell the bare ownership (nuda propiedad) of their property while retaining the right to live in it for life or a set period, providing a way to supplement retirement income without taking on debt. Clients can receive a lump sum in dollars at signing, a lifelong rent, or a life annuity through the State Insurance Bank (BSE). Nuda advises on the most suitable modality, calculates pricing based on market value and life expectancy statistics, finds buyers, and waives its fees for clients over 65.
- Property Technology
- Commerce & Shopping
Funding
Founders
Founder details are not available yet.
Product
Problem
Approximately 15% of people over 65 in Uruguay do not have enough money for a good quality of life. Many resort to high-interest loans that are difficult to repay, generating frustration, depression, and isolation, while their primary asset—their home—remains tied up and inaccessible for supplementing retirement income.
Solution
Nuda enables homeowners over 65 to sell the bare ownership (nuda propiedad) of their property while retaining the right to live in it for life or a set period. Through a public deed, the property is divided into two rights: nuda propiedad and usufruct. Clients can receive a lump sum in dollars at signing or a lifelong rent, either directly or through a life annuity with the State Insurance Bank (BSE). Nuda advises on the most suitable modality, calculates pricing based on market value and life expectancy statistics, finds buyers, and waives its fees for clients over 65.
Target Audience
Primary clients are homeowners over 65 in Uruguay seeking to supplement retirement income without taking on debt, as well as investors looking to purchase properties at below-market prices.
Features
- Advises clients on choosing between lump-sum sale, lifelong rent, or a BSE-backed life annuity
- Calculates nuda propiedad pricing based on market valuation, property location, duration of usufruct, and life expectancy data from the Central Bank of Uruguay
- Provides optional financing structures combining an upfront payment with monthly installments including interest
- Requires consent from the usufructuary and a physician's certificate to protect older sellers from patrimonial abuse
- Maintains alliances with real estate agencies and legal professionals across Montevideo, Maldonado, Canelones, Colonia, Rocha, Rivera, Durazno, San José, Salto, Soriano, and Florida
- Publishes current nuda propiedad listings on its website with reference price calibration ratings