There is an interesting article in International Living about Reversion Property in France and the personal experience of a buyer ..... here is an extract:
A viager is a French term for a property sold on a reverse annuity basis. Put simply, anyone in France can sell their property in exchange for a down payment and regular cash installments for the rest of their life while they continue to live in their house or apartment.
When they die, the property is surrendered to the buyer.
Selling en viager allows elderly people to release capital from their homes while still living in them. For buyers, it offers a rare chance to buy a property at a fraction of its market value.
If the owner, for example, dies one month after agreeing to the viager arrangement, the buyer gets the property for the price of a lick of paint.
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