When permanent tenants build their own home (Der Tagesspiegel)

Auch wer keinen Kredit bekommt und wenig Eigenkapital hat, kann sich Eigentum leisten.

[...] New is the model of Gecci: Rent and buy. The offer, which was protected by trademark law and audited by an independent auditing and tax consulting firm, includes the construction of a massive house with KfW standard under a special rental and assignment contract.


Prices per house: from 199000 Euro. Monthly rent: from 1100 euros. Rental period: between 23 and 32 years. There are neither deposit nor remaining purchase price. "Our target group are people who do not get credit from their bank," says Gecci CEO Gerald Evans. "They get their liquidity and are independent of interest and rent developments."


Evans, which plans to build seven to 13 homes a year, offers investors who want to participate in this model 6.5 percent interest per annum, as security, the land registry, a rent cancellation insurance and the retention of title of the house and the property. [...]

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