How is a Real Estate Annuity calculated?
In Mas Vida we consider the following factors to calculate your monthly annuity:
- Market value of the house
- Rental value of the house
- Age and gender of owner
Both the market value and the rental value of the house are obtained through valuations issued by independent appraisal companies approved by the Bank of Spain. With the age and sex of the owner, we consult the longevity in the tables issued annually by the National Institute of Statistics and the Directorate General of Insurance.
Knowing this information, we quantify the rent you would have to pay (up to your life expectancy) if you were a tenant, and finally we deduct it from the market value of the house to determine the amount you are entitled to.
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