PP PESSAC

Reference: PP PESSAC - 3 Bedroom House - €93,000 (LIFE ANNUITY SALE PURCHASE PRICE 93000 EUROS PLUS LIFE ANNUITY MONTHLY PAYMENTS 812 EUROS)
Location: Bordeaux, PESSAC

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€93,000 is approximately :

Australian Dollars : $150,952

British Pounds : £83,326

Canadian Dollars : $146,987

Hongkong Dollars : $1,073,729

Japanese Yen : ¥12,540,376

New Zealand Dollars : $190,675

Swiss Francs : F140,621

US Dollars : $138,546

Please note that these conversions are approximate and for guidance only. They do not constitute sale prices.

€93,000

Bedrooms	Habitable	Land Size
3	170m²	440m²

3 Bedroom House - €93,000 (LIFE ANNUITY SALE PURCHASE PRICE 93000 EUROS PLUS LIFE ANNUITY MONTHLY PAYMENTS 812 EUROS) - Location: Bordeaux, PESSAC

Aquitaine, Gironde, Bordeaux

This Property is For Sale by FGP CEV
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Highlights

HOUSE IN LIFE ANNUITY IN PESSAC

Description

a cosy wonderful house on 440m2 garden with trees - 170m2 - built 1968
ground floor: external veranda entrance - entrance hall - one bedroom - cellar - wc - garage
first floor : living room 30m2 - two bedrooms - dressing room - fully furbished kitchen - bathroom and wc -
occupied lifelog lady seller 79 years old
purchase price 93.000 euros plus life annuity monthly payments 812 euros until sellers death

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 for the rest of their lives avoiding risks associated with traditional investment 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 the 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

WHAT ARE THE ADVANTAGES FOR BUYERS ON LIFE ANNUITY PURCHASE?
property is sold at a lower price
purchase price is often very 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 title the buyer is required to pay the purchase price
then life annuities are paid at the end of the month in sellers bank account
the life annuity is calculated on the following criteria:-

value of the property purchased
amount of purchase price
life expectancy of sellers

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

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Features

Bedrooms: 3
Habitable Space: 170 m²
Land Size: 440 m²

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