Retirement is coming and you are one of those people who have decided to spend it abroad. For a long time, you have regularly traveled to a country that has seduced you with its landscapes, its way of life and its culture. Finally, the time has come to settle down and live happily ever after. However, it can happen that the amount of your retirement pension is a bit too low to reach certain destinations with a high standard of living. Why not supplement your income by investing in real estate in France? You think that this field is reserved for seasoned investors with high purchasing power, think again!
Why invest in real estate in France to spend your retirement abroad?
Every year, some French retirees choose to move abroad. Destinations such as Portugal, Spain, Morocco, some Asian countries or South America have indeed conquered them for a long time by staying there for vacations. But the motivation may also be to regain purchasing power, as they now have to live on a retirement pension that is much lower than the salary they have been used to for years. The standard of living and taxation in destinations such as those mentioned above allow them to live better.
Okay, but what do you do when you have fallen in love with a country with a high standard of living such as Switzerland, Norway, Luxembourg, Singapore, the Bahamas or the French West Indies, and you want to move there to live your retirement? Have you considered investing in real estate in France? You think it is not for you? You will see that this type of investment is for a much wider audience than you might think
How to invest in real estate to increase your income in retirement?
We often tend to believe that investing in real estate is reserved for a specific segment of the population, those with the highest incomes. This is a misconception, as this practice is actually open to many more people.
A platform like Homunity allows you to invest in stone by participating in a real estate crowdfunding operation. The concept may seem a bit abstract, but it is actually very simple. Thanks to the platform, individuals have the opportunity to support real estate programs of developers, by investing an amount from 1 000 €. Investors then have access to the most profitable projects. All the steps to invest are done online. They then follow the progress of the project, and from twelve to thirty months after its start, they are reimbursed and receive their interest if everything has gone well and the budget has been respected.
Homunity also offers individuals the opportunity to buy shares in one or more real estate investment trusts (SCPI), whose assets consist mainly of commercial properties (stores, offices, warehouses, senior residences, etc.). The investment is open to individuals starting at €5,000. They then receive quarterly income from the payment of rents by the tenants. The advantage of investing in a SCPI is that the risks are shared among several partners.
These are two examples of how people with moderate incomes can invest in real estate in France, and thus increase their income to live a peaceful retirement abroad. Moreover, future investors are not left to their own devices. Even if the procedures are done online to facilitate the process, advisors remain available to inform and guide.
