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151 000 €
151 000 €
| Sale price | 151 000 € |
| Price per square meter | 1 755.81 € |
| Floor area | 86 m² |
| Floor | 3 |
| Number of storeys | 5 |
| Total number of rooms | 3 |
| Number of bedrooms | 2 |
| Number of bathrooms | 1 |
| Address | France, Cannes |
| Type | Three-room Apartment |
| Business expenses | |
|---|---|
| Not included in the price |
The VIAGER facility in the Le Cannet area:
In a gated condominium with a swimming pool, tennis court and park, a very pleasant 3/4-room apartment of about 82 m2 with a terrace and private parking. This apartment is in good condition, recently renovated, air-conditioned and has a magnificent view of the Esterel mountain range and the sea, as well as an east/west orientation.
The apartment consists of an entrance hall, a living-dining room with access to the terrace, a kitchen with access to the veranda, an entrance hall with wardrobes, two bedrooms, a bathroom, a separate toilet.
The apartment is for sale under the VIAGER scheme (LIFETIME RENT), an 86-year-old man lives
The cost is 151 000 euros + transaction costs
Monthly rent: 1,150 euros
The market value of the apartment: 350,000 euros
About Viager in simple words:
in fact, this is a purchase and sale agreement, in which the Buyer pays the first amount (30-40% of the cost) and acquires ownership of an apartment or house, and the Seller receives a lump sum and lifetime monthly payments. The pricing of such real estate primarily depends on the age of the seller. Viager contracts are executed by a notary. Everything is under strict control of government agencies. It is impossible to terminate the viager in Europe. The only reason for termination is the termination of regular mandatory payments by the buyer.
What advantages does the investor get:
Viager opens up wide opportunities for investors, allowing them to become the owner of real estate in Europe with a relatively small start-up capital. The financial burden is evenly distributed, which is very convenient for a foreign buyer who finds it difficult to take out a loan in a European country: you invest in European real estate at a reduced price, which makes viager a very attractive medium- and long-term investment, invest at a convenient pace, without expensive bank loans and the need to overpay interest (very important for investors from Russia), you get good legal protection of the invested capital and the absence of risks under the Viager agreement. If necessary, real estate with a lifetime annuity agreement can be resold at any time.
