Post by ION develop different

Clarity around rental income can make a big difference. At The Crown in Bruges, Thomas Dejagere, Head of Sales at ION, explains how a long-term agreement with VIVES provides investors with a fixed rental income and minimal day-to-day concerns. 👇 English subtitles available below. #Bruges #TheCrown #VIVES #veryvives #StudentHousing #PropertyInvestment #PassiveIncome #IONshorts #ION (English subtitles) How much does a student room in Bruges generate? Today, investors receive 405 euros net per month in their account. Why do I emphasise net? Because there is a 27-year lease agreement here with VIVES University College, under which they are responsible for maintenance and repairs inside the student room, and they also guarantee the rent. If the room is not rented out or if there is a payment default, you still receive the rent. In addition, they also pay the property tax, which means that those 405 euros are effectively the rent that the investor ultimately receives. Moreover, this amount is automatically indexed every year. That naturally makes it a very carefree investment. Another very positive piece of news was that the project was completed one year earlier than planned, meaning investors received their return one year sooner and effectively benefited from an additional 4,000 euros in rental income. And are there still projects like this today? At the moment, we have one project, Meyboom in Brussels, with the same concept. We would very much like to do projects like this every year, but it is very rare and difficult to secure a long-term commitment with a university college or university.

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