What the bleeding heck is this? You acquire 80% of the a-p-artment? (can’t write the words in full due to autoBot). source: athome 1 bed a-p-t in Beggen

14 comments

  2. Actually an interesting thing, you buy an appartment for 360k, the other 90k, you pay them when you’re able to afford them, 1 year,5 or 10.

    you probably couldnt afford for 450k, but for 360 you may be able to buy it.

  4. WTF! Trying desperately to sell or what?Have a look on the monthly payments, just for 360K you’re stuck at 1677€/month for 30 years.

    Add the monthly fees – normally +/-200€ – and you pay 1877€/month for **45m2** that you only own to 80%…

    So technically, you only own **36m2 for 1877€ / month**

  7. It can also be that the guy already had a failed sale because the bank valued it only to 360k and refused to mortgage for more. Meanwhile he considers it his god given right to get 450k for it so is coming up with wild schemes. There is still plenty of people out there who would pay whatever for a piece of property, but the banks have put quite a damper on that now. It is a huge difference, 1 percent and 4 percent, especially on the more expensive properties. I can’t wait to see who is gonna buy all these million euro properties. They are definitely piling up on at-home. The prices are going up!

  9. This is actually self contradictory. You can do one of two things: sell 80% of the apartment for 360,000 euros and promise to sell the other 20% if the buyer can come up with 90,000 euros. Weird, but legal. Or, you can sell 100% of the apartment for 450,000 euros, of which 360,000 euros is paid cash, the other 90,000 euros is to be paid later and that debt is secured via an “hypothèque” (mortgage) on the apartment But you can’t have both, so whoever wrote “Reste 20% du bien propriété du vendeur actuel p. ex. sous forme d’hypothèque” simply doesn’t know their law.

  10. Might be a trick to facilitate the sale, since most banks require the buyer to bring 30% of the house in cash.

  11. Isn’t that a new trend in finance to partially monetize your home equity? You have companies now focused on that, bundling a certain % of home ownership into a SPV and issuing digital tokens for small investors to invest in.

    Also doesn’t it fit perfectly to Luxembourg‘s pay more get less environment …

  12. This seems to be like an „usufruit“ thing where the resident can stay in the propriety until they die, after which you get the place. Usually you get away with a better buying prize

  13. I don’t believe that a bank will accept this kind of business. They won’t accept a guarantee of only 80%. Imagine the owners of 80% don’t pay their mortgage instalments…and the bank need to sell the apartment to get their money back and liquidated the mortgage credit. They will need to find a solution with the owner of 20% too….

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