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2 Bedroom Apartment - €48,500 (downpayment plus life annuity monthly payment) - Location: Cagnes-sur-Mer, cagnes sur mer
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CAGNES SUR MER LIFE ANNUITY SALE OF FLATReference: BC CAGNES SUR MER - 2 Bedroom Apartment - €48,500 (downpayment plus life annuity monthly payment) Location: Cagnes-sur-Mer, cagnes sur mer 
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€48,500 is approximately : Australian Dollars : $79,201 British Pounds : £38,446 Canadian Dollars : $77,541 Hongkong Dollars : $594,273 Japanese Yen : ¥8,134,646 New Zealand Dollars : $100,697 Swiss Francs : F78,089 US Dollars : $76,237
Please note that these conversions are approximate and for guidance only. They do not constitute sale prices.
€48,500 
2 Bedroom Apartment - €48,500 (downpayment plus life annuity monthly payment) - Location: Cagnes-sur-Mer, cagnes sur mer
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This Property is For Sale by FGP CEV    
entrance hall - fully furbished kitchen - living room with balcony - dining room - 2 bedrooms - one bathroom with window - one shower room with window - separated wc - garage - cellar 48500 euros downpayment plus 900 euros life annuity monthly payments property has been estimated 250.000 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 investments scheme the sale against life annuity can be either vacant (rare) or occupied (most commonly) in the latter case seller remains living their house for the rest of their 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 A BUYER 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 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 is updated once a year
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