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5 Bedroom Apartment - €250,000 (life annuity downpayment plus monthly life annuity payments 2211euros) - Location: Royan, ROYAN
LF ROYANReference: LF ROYAN - 5 Bedroom Apartment - €250,000 (life annuity downpayment plus monthly life annuity payments 2211euros) Location: Royan, ROYAN 
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€250,000 is approximately : Australian Dollars : $426,990 British Pounds : £201,575 Canadian Dollars : $387,185 Hongkong Dollars : $2,878,720 Japanese Yen : ¥40,102,440 New Zealand Dollars : $523,813 Swiss Francs : F403,265 US Dollars : $368,618
Please note that these conversions are approximate and for guidance only. They do not constitute sale prices.
€250,000  
5 Bedroom Apartment - €250,000 (life annuity downpayment plus monthly life annuity payments 2211euros) - Location: Royan, ROYAN 
 
This Property is For Sale by FGP CEV    
entrance hall - kitchen - living room - five bedrooms - two bathrooms - two separated wc - cellar - two parkings - occupied lifelong by sellers gentleman 87 years old and lady 76 years old downpayment 250.000 euros plus life annuity monthly payments of 2.211 euros - free market value of the flat 1.000.000 euros 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 investment scheme the sale against life annuity can be either vacant (rare) or occupied (most commonly) in the latter case Sellers remain living in their house for the rest of their life or for a more limited period the sellers may relinquish occupation at any time in which case life annuity is increased by a further supplement WHAT ARE THE ADVANTAGES FOR A BUYER ON LIFE ANNUITY PURCHASE? property is sold at a lower price downpayment 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 pax 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 the following criteria:- value of the property purchased amount of downpayment life expectancy of seller life annuity is linked to consumers pice index and updated once a year
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