Reversion property: Investment paradise?
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We have launched a new section on the web site for French Reversion Property.
What is it?
A reversion property is a property purchased from a retired homeowner at a highly discounted price. The vendors release equity from their properties usually without moving out in order to receive additional income to supplement their pensions. The buyer pays an initial lump sum, which represents a small fraction of the property’s market value as well as in most cases, a lifetime income called annuity. When the vendor passes away, the property reverts to the buyer.
Investment Opportunity
Buying a reversion property is an investment opportunity, which allows buying a property for a fraction of its current market price. An increasing numbers of people buy reversion properties as part of their pension planning. The discount on the market value varies according to the age of the vendor, the characteristics of the property and the location.
Tags
French Property, Property Market, French Investments
Popularity: 10% [?]
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