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Stephen Lowe, 81, lives in Vantaa in a terraced house, where he most enjoys the good connections to a public swimming pool, shops and the world. Lowe used to live in a detached house, but he enjoys the peace and quiet of his current neighbourhood and the ease of living in a right-of-occupancy home.

A right-of-occupancy apartment is a sensible choice for a young person’s first apartment, for example. There is no need to get a large mortgage for the home, and the residence charge is always lower than the rent for a similar rental apartment.

A right-of-occupancy apartment is a safe and financially risk-free home for persons aged 55 and over. The asset limit does not affect the acquisition, unlike for younger people. See here to find out why and how to get a right-of-occupancy apartment!