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what does "Bouquet" mean for property?

Question

can someone please explain what "Bouquet" system is for property?

here's an example:

Bouquet 50.000€ et rente 950€/mois max ± 13 ans – PEB

what does this entail exactly?

becasse

It refers to a property purchase "en viager" where you purchase a property at a substantially discounted price, however the seller can not only continue to live in the property until they die but you have to provide them with a monthly income in the interim. In effect you take a punt on how long the seller will remain alive.

This article https://www.ausud.com/france/buying-a-home-en-viager/ explains the system in France, but it is all but identical in Belgium.

Not for the faint-hearted!

Oct 22, 2017 14:07
BAP

It does not have to be till the death of the seller: you can agree to a fixed period, say 15 years.

Oct 27, 2017 13:25
bill

Thanks both, it now makes sense.

Oct 30, 2017 14:42