He buys the squatted houses to resell them … after paying their occupants to leave

He buys the squatted houses to resell them … after paying their occupants to leave

Landlord against squatter, a war that can last for years… so long and costly are the legal proceedings. So a real estate professional had the idea to do what neither the police nor the courts do: negotiate with the illegal occupants. An excerpt from “Special Envoy”.

Correspondent.  He buys the squatted houses to resell them ... after paying their occupants to leave

“The squat from A to Z”. It is a guide available on an anonymous website, designed by housing rights activists. You will find advice for everything: the choice of the owner, the location of the places, the installation in the house… With a key point to squat a second home: the 48 hour delay.

To thwart a possible finding of flagrante delicto during this period of time, the guide lists the many tricks of the squatters: change the locks, put their name on the letterbox and on the electricity contracts … If the squatters have been installed for more 48 hours, the owner can no longer call the police to dislodge them. He will have to go through legal proceedings … which can take years.

Squat Solutions manages 40new files per month throughout France

Faced with the slowness of the procedures and the complexity of the situations, many owners give up taking legal action. So this real estate professional had the idea to do what neither the justice system nor the police do: negotiate with the squatters. Created in 2017 by Yann Collet, Squat Solutions now manages 40 new cases per month, throughout France.

The concept is simple: rid the owners of their occupied property, by buying them back… 15% below the market price. To get the squatters to leave, he does not hesitate to pay them: from 1,500 to 3,000 euros, depending on the property and its location. Once the house has been recovered, Yann Collet repairs it. Before reselling it, with added value …

Extract from “Squatters: the owners’ nightmare”,a report rebroadcast in “Special Envoy” on 24June 2021.

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