Property purchase against life annuity in France

People over 70 often seek means to increase their income.
They can sell a property "en viager" to a buyer who will pay them an "annuity" for the rest of their lives. They will receive an income indexed to cost of living which is transferrable to their spounses for the rest of their lives avoiding risks associated with traditional investments scheme.
The sale against life annuity can be either vacant (rare) or occupied (most commonly). In the latter case Seller remains living in the house for the rest of his life or for a more limited period. The Seller may relinquish occupation at any time in which case life annuity is increased by a further supplement.

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What are the advantages for a buyer on life annuity purchase?

Property is sold at a lower price.
Down payment required is often modest.
Rate of the annuity can often be lower than the repayments on a bank loan.
No need to manage a let and no income to pay tax on, until such time as the property reverts.

On what basis is life annuity calculated?

Upon signing the transfer of property and bill of sale the Buyer is required to effect the initial downpayment. The balance is payable monthly in the form of life annuity which is calculated on the basis of following criteria:
- value of the property purchased
- amount of downpayment
- life expectancy of Seller

Life annuity is linked to consumers price index and updated once a year.

Get to know us better

FGP CEV is very well known on the French market for real estate life annuity sales since 25 years.

MICHEL ARTAZ is the sole founder of our Company. He is the author of "VIAGERS: REGIME JURIDIQUE ET FISCAL" printed by Dalloz/Delmas. This book has been and is a constant reference for anyone involved in life annuity sales (notary public - lawyers - buyers - sellers - tax executives - real estate consultants).

FGP CEV successfully performs life annuity real estate sales to greater Sellers and Buyers satisfaction proving consultancy, counselling, supervising and follow up of all and each single case.

FGP CEV is also active in equity release and reverse mortgage financial schemes for real estate owners willing to obtain cash flow increase and/or mezzanine solutions out of their estate assets.

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FGP CEV
40 rue des Mathurins
Paris
75008
France