The social housing (VPO, also called sheltered housing) is a type of housing that the administration puts on the market and is aimed at disadvantaged groups. The advantages of the free are facing a lower price and financial assistance for purchase .
The housing units must be intended for regular use. Its floor space must not exceed 90m 2 , except in the case of large families that can reach 120m 2. The buyer can not take any residential property and must be registered in the territory governed by the Administration.
There are two types of social housing:
- In general scheme: intended People whose family income does not exceed the weighted 5.5 times the minimum wage.
- special regime: intended for persons whose family income does not exceed the weighted 2.5 times the minimum wage.
The VPO have benefits for both the builder and the buyer:
- The constructor commits itself to sell the property at a price below the maximum set by the Administration. This price is usually well below the market price. In return, they receive a loan over 80% of the purchase price of the house, including garage and the storage room at a low interest rate. The loan can be then subrogated to the buyer at the time of the deed of sale.
- The buyer gets a home at a price substantially below market. In contrast, the housing must be permanent address. In the future, if the buyer wishes to sell the house should sell at a price fixed by the Administration, who also has preemption.
The extinction of the protection comes after a period of time for pre VPOs Plan 2005-2008, varies depending on the promotion and the autonomous region. Currently, for Plan 2005-2008 Housing state law provides that public housing has a protection regime 30 years. Once disqualified the social housing that can be sold on the open market.
For more information about the support available for house purchase can visit the following link.
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