Dream Paria Partments for sale at bargain prices. catch? Someone has to die

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Korian Les Amarantes staff was just after 7pm on Monday A tour nursing home located southwest of Paris. It was discovered that 92-year-old Yvette Brissett died in bed. She apparently choked on Madeleine, one of France’s famous scalloped lemon-flavored cakes.

Cake was brought to her that night by a man named Alan Jauserin.

Jousselin, 60, was not a family or friend. He was a former firefighter who purchased Brissett’s house 25 years ago through a lesser-known French property plan known as life – And his lawyer, Benjador, who has been waiting ever since, told CNN.

In Baija Sale, senior homeowners (often in the 70s, 80s, 90s) sell real estate at a sudden discount, sometimes half the market value. In return, they receive monthly payments from the buyer. Most of the time, they retain the right to live in the house for the rest of their lives – Life pension. In other instances, vendors have already moved at the time of sale, allowing buyers to own the property instantly while continuing their monthly payments. Free life.

It’s part of the real estate, part of roulette. Real estate listings usually include the seller’s age and the asking price. The older the seller, the more likely the buyer will be to charge the house potentially.

“In France, a 70-year-old man has an average lifespan of around 16 years, so the discount is often 50%,” said Fréderic Coubronne, who runs a Byger agency in Paris. “Women live about five years longer, so women at 75 will receive the same discount. For couples, the discount is even higher because they tend to live longer together.”

Jousselin bought the Brissett family home in Montbazon in 1995, just south of the tour. Since then, he had paid Brissett a monthly scholarship of 500 euros. When she passed away, on May 13, 2019, the suspicions quickly headed towards him, his lawyer said.

No one in the family knew Joss Serin before Brissett’s death, her granddaughter, Emilyn Dupoy, wrote in a letter published by a French newspaper. The new republic Prior to Jousselin’s trial. “The only link between them was Viager.”

“It was a big scandal,” Benjador told CNN. “The nursing home staff claimed that Joss Selin locked up the door behind him when he entered the room. After he left, they said they found Madeleine’s crumbs all over her body.”

The French media called this incident Madeleine Incident. “At the heart of the trial is the Baija property, purchased in the 1990s,” reported French outlet RTL.

Jousselin spent three years in advance detention in May 2022 before the suit was first brought to trial. He was acquitted by the Indre-Et-Loire Court of Appeals, but the prosecutor challenged the verdict. Attorney General Dennis Chauceti Lapre sought a 20-year prison sentence, claiming that the murder of an elderly woman was “deliberate.”

However, during a December 2023 retrial, when it was held at Loiret Court of Appeals, important testimony from nursing staff began to unravel, raising questions about the original story.

“I don’t know if the client intentionally killed her,” Benjador said. “But I know that the procedures were flawed and much more complicated than the press. The Baijah issue has overshadowed everything.”

On December 9, 2023, the murder charge against Jousselin was downgraded to involuntary manslaughter. Prosecutors were unable to prove he was planning to kill the victim, but the Roylett Court of Appeals admitted that Joss Serine gave Brischett the Madeleine.

Josserin was sentenced to three years in prison and fined 30,000 euros, the court confirmed with CNN. “I feel a bit relieved, but I’m not completely happy. I was still facing more serious charges, but I was still convicted,” he said as he left the court.

Exams like Jousselin, which includes the sale of Viager, are intrusive, but remain extremely rare. And they have not undermine their enthusiasm for housing arrangements. Especially among foreign buyers keen to pick up French property at prices below the market.

“For the past two years I have around 12 international buyers, about half of which are American,” said Reza Nakhai, who owns a Paris-based agency called Viva Viager. “A lot of people don’t hesitate to invest. It’s a safe, long-term bargain.”

Viager properties make up a small portion of the French housing market.

For Americans dreaming of Peade-a-Tayle in Paris, Viager could be a golden ticket if they are willing to play long games.

At Saint-Germain Despress, a 100-square-metre apartment is sold for an average of $1.7 million in a chic left bank enclave, formerly home to Ernest Hemingway and Simone des Beauvoir. At Le Malay – both Paris favourites that Crowds and American Buyers – According to the International of Real Estate Agency Talban International, prices in 2025 range from $15,500 to $22,000 per square meter. However, Viager allows buyers to snap up Prime Real Estate for less than half that price.

Homa Rebel, an American and Iranian investor and mother of five, purchased four Buyer properties in Paris. She initially looked for creative ways to discover concepts and invest while living between Europe and the United States.

“At first, it felt a little pathological,” Raevel told CNN. “I kept thinking, ‘I don’t want to be happy when someone dies.’ But I made it a point to meet all the sellers and listen to them. At Baijar you are helping the elderly stay in their homes while giving them financial security – it’s a victory. ”

When scouting a property, the first thing she is looking for is location and layout. “In France, especially in Paris, you often find a kitchen on one end of a flat connected by a narrow corridor and a dining room on the other,” she said. “I am often looking for apartments with high ceilings and open floor plans in high-end areas..

But Raevel said the most important factor wasn’t the space itself, it was the seller. “I only buy if the seller appears to be living a happy life,” she said. “If someone is dealing with family conflicts or selling under stressful circumstances, I pass. They need to have good energy.”

Viager’s own practice dates back to Roman times. “At the time, older people would hand over their wealth to their children and nephews in exchange for their small amounts and their ability to continue living at home,” Agent Cubron told CNN.

In the early 19th century, Napoleon formalized the system not only in France, but also in the territories he conquered. “That’s why you can also find Baijar-style arrangements in countries like Spain, Italy and parts of Belgium,” said Cubronne.

Viager sales are not only popular among the public. They also attracted some of France’s most prominent figures. Former Presidents Charles de Gaulle, Valerie Giscard Darning and François Hollande all acquired the properties through a Baiger arrangement. And it’s not just the French who accept practice. When Hugh Hefner sold his Playboy Mansion to his neighbors for $100 million (a listing price of half that $200 million) on one condition, he found out he would live there until the day he died.

In France, the centuries-old system is particularly popular among homeowners without heirs.

“If I have kids, I want them to inherit,” said André Herman, a 74-year-old psychoanalyst who recently sold a Paris apartment as a Buyer. “But I am not, so this is the perfect solution. It will stay in my home and live comfortably with a stable income.”

Hermann’s one-bedroom flat was purchased by 21-year-old fashion student Ira Herron for 250,000 euros (about half its market value).

“I don’t need to live here right now,” she told CNN. “For the future 20 or 30 years from now. Given the price and surface area (46 square meters in the heart of Paris), it’s a real bargain.”

Perched on the ninth floor of a modern building at the 14th Allendies in Paris, the apartment quickly captivated Herron in a vibrant area south of the Seine, known for its artistic heritage, the façade of Hausmannia and classic café culture. “It’s beautiful and cozy,” she said. “There are big windows that shed light on the space, and the views on the rooftop of Paris are magical. You can imagine living here one day.”

The Viager system is not without critics. Some view the system as pathological given that buyer investment depends on seller’s end mise. Hermann is not a f.

“Because of the death aspect, people feel uncomfortable with Baija,” he said. “But for me, dying is a natural part of life. The idea that this attractive young woman will eventually live in my home — it’s actually very enjoyable for me.”

This system may prove to be a timely solution for France’s rapidly aging population. As of January 2024, over 20% of French residents were over 65 years old and 10% were over 75 years old, according to the National Statistics Bureau’s INSEE. By 2050, one in three residents will be over 65 years old. As living costs rise, ensuring stable finances for later years is becoming increasingly urgent.

However, Viager is not without buyer risk. In addition to paying a lump down payment – poetically called Ha bouquet – Buyers must make monthly payments that could lead to decades.

“I always calculate the sellers who live in 100 people,” Raevel told CNN. “If they live beyond that, I might not make any profits. But as long as the market is held over the next 20 years, I will still be out ahead.”

Not every bet will be rewarded.

In one of the most famous cases, Jeanne Carment, who holds the record as the world’s longest-living figure, has signed a 90-year-old Bija contract. His family was legally required to continue paying monthly until Carment’s death at 122.

“That’s the ultimate exception,” Nakai told CNN with a laugh. “I’ve never seen anything like that with my clients. But it shows how human this business is. I was invited by their family to the seller’s funeral. Buyers are more than a real estate transaction – it’s about trust and connection.”

For Raevel, an American investor, it’s also a matter of values.

“It feels good to buy a Viager because I know I’m really helping someone,” she said. “Many older people struggle to maintain the quality of life they were decades ago. They are really struggling. In this way, I support someone while securing a longer-term home at a lower price. Why don’t you make a bet?”

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