BC BAGNOLS EN FORET

Reference: BC BAGNOLS EN FORET - 1 Bedroom House - €70,000 (LIFE ANNUITY SALE PURCHASE PRICE 70000 EUROS AND LIFE ANNUITY MONTHLY PAYMENTS 1200 EUROS)
Location: Brignoles, BAGNOLS EN FORET

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€70,000 is approximately :

Australian Dollars : $113,620

British Pounds : £62,718

Canadian Dollars : $110,635

Hongkong Dollars : $808,183

Japanese Yen : ¥9,438,993

New Zealand Dollars : $143,519

Swiss Francs : F105,844

US Dollars : $104,282

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

€70,000

Bedrooms	Habitable	Land Size
1	?	?

1 Bedroom House - €70,000 (LIFE ANNUITY SALE PURCHASE PRICE 70000 EUROS AND LIFE ANNUITY MONTHLY PAYMENTS 1200 EUROS) - Location: Brignoles, BAGNOLS EN FORET

Provence-Alpes-Côte d'Azur, Var, Brignoles

This Property is For Sale by FGP CEV
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Highlights

HOUSE IN LIFE ANNUITY SALE BAGNOLS EN FORET VAR

Description

House in life annuity sale in Bagnols en Forêt (Var)
Occupied lifelong by seller gentleman 78 years old and lady 72 years old
house composed of: kitchen - living room - one bedroom - one bathroom - one wc - atelier - bastidon - terrace -
cellar cave
garage
four outbuildings
Purchase price 70.000 euros and life annuity monthly payments until seller death of 1.200 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 their life 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 the 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 ADVANTAGHES FOR A BUYER ON LIFE ANNUITY PURCHASE?
property is sold at a lower price
purchase price 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 untl such time as the property reverts

ON WHAT BASIS IS LIFE ANNUITY CALCULATED?
upon signing the transfer of property the Buyer is rquired to pay the purchase price
the life annuities are then payable at the end of each month by direct swift transfer to sellers account until sellers death

the life annuity amount is calculated on the following criteria:-

amount of downpayment/purchase price
life expectancy of sellers

life annuity is linked to consumers price index and updated once a year in the date anniversary of the date of transfer of title

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Features

Bedrooms: 1
Terrace
Outbuildings

Condition and Utility Information

Condition - New

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