The apartment she bought is perfect. The owner just has to die first
CNN · Recent
CNN
Recent
There is a morbid loophole that could get you a Paris apartment for half the price. The French viager system is a real estate deal where buyers essentially bet on how long the seller has left to live.
Breakdown
- The viagé system allows buyers to purchase Paris apartments at reduced prices by paying sellers who continue living there until their death. 13s
- Buyers pay an upfront deposit and monthly payments, with the total cost depending on how long the seller lives. 1m 14s
- Viagé sales make up about 1% of the French property market but have seen increased interest, especially from foreign buyers. 1m 21s
- The process is transparent, often listing the seller's age and estimated life expectancy. 2m 7s
- Most viagé cases are uneventful, though there have been rare legal issues involving the death of sellers. 2m 15s