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1 Bedroom Apartment - €60,000 (LIFE ANNUITY SALE DOWNPAYMENT PLU SLIFE ANnuity monthly payments ) - Location: Cannes, CANNES
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CANNES BY THE CROISETTEReference: BC CANNES - 1 Bedroom Apartment - €60,000 (LIFE ANNUITY SALE DOWNPAYMENT PLU SLIFE ANnuity monthly payments ) Location: Cannes, CANNES 
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€60,000 is approximately : Australian Dollars : $99,517 British Pounds : £47,875 Canadian Dollars : $93,334 Hongkong Dollars : $726,869 Japanese Yen : ¥9,750,443 New Zealand Dollars : $123,062 Swiss Francs : F97,746 US Dollars : $93,102
Please note that these conversions are approximate and for guidance only. They do not constitute sale prices.
€60,000 
1 Bedroom Apartment - €60,000 (LIFE ANNUITY SALE DOWNPAYMENT PLU SLIFE ANnuity monthly payments ) - Location: Cannes, CANNES 
   
This Property is For Sale by FGP CEV    
entrance hall - living room and its terrace oriented south - fully furbished kitchen with balcony - one bedroom - bathroom - separated wc - parking - cellar on 3rd floor - beautiful standing residence building - price 60.000 euros plus life annuity monthly payment 1.000 euros per month free value of lfat 275.000 euros occupied lifelong lady seller 81 years old 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 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 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 an 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 fiorm 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 price index and updated once a year
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