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| Bedrooms | Habitable | Land Size |
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2 Bedroom Apartment - €100,000 (LIFE ANNUITY SALE PURCHASE PRICE 100000 EUROS PLUS LIFE ANNUITY MONTHLY PAYMENTS 1100 EUROS) - Location: Alpes-Maritimes, ANTIBES
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BC ANTIBES 2Reference: BC ANTIBES 2 - 2 Bedroom Apartment - €100,000 (LIFE ANNUITY SALE PURCHASE PRICE 100000 EUROS PLUS LIFE ANNUITY MONTHLY PAYMENTS 1100 EUROS) Location: Alpes-Maritimes, ANTIBES 
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€100,000 is approximately : Australian Dollars : $163,467 British Pounds : £90,077 Canadian Dollars : $158,880 Hongkong Dollars : $1,150,294 Japanese Yen : ¥13,195,485 New Zealand Dollars : $205,647 Swiss Francs : F151,257 US Dollars : $148,539
Please note that these conversions are approximate and for guidance only. They do not constitute sale prices.
€100,000  
2 Bedroom Apartment - €100,000 (LIFE ANNUITY SALE PURCHASE PRICE 100000 EUROS PLUS LIFE ANNUITY MONTHLY PAYMENTS 1100 EUROS) - Location: Alpes-Maritimes, ANTIBES 
  
   
occupied lifelong by sellers gentleman 84 years old and lady 81 years old just 200 metres from shore first floor on a three floor small de luxe building 85m2 of a living room and terrace - fully furbished kitchen - launderette - bathroom and wc - separated further wc and shower room - two bedrooms one of which open on terrace - one cellar cave - one garage - terrace 20m2 - marble definitions on floors - purchase price 100.000 euros and life annuity monthly payments 1.100 euros until the death of sellers whoever the last - free market value 350.000 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 for the rest of ther lives avoiding risk 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 lives 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 BUYERS ON LIFE ANNUITY PURCHASE property is sold at a lower price downpayment 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 intial downpayment the balance is payable monthly in the form of a life annuity which is calculated on the basis of following criteria:- value of the property purchased amount of downpayment life expectancy of sellers life annuity is linked to consumers price index an dupdated once a year
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