NaVykup Property Sale-Leaseback — Independent Comparison
NaVykup and HomeGrif both allow you to access money from your property. But they operate on entirely different principles: with NaVykup, the client sells the property and pays rent back. With HomeGrif, the client sells a share of the property's value and receives an annuity. In this article, we compare both products objectively.
NaVykup — What It Offers
NaVykup (navykup.cz) offers a property sale-leaseback:
- Product type: Property buyback + leaseback
- Payout: 50–90% of market value (lump sum)
- Age limit: None
- Speed: Offer within 24 hours, fast closing
- What the client pays: Rent to the new owner
- Legal protection: Rental agreement (Czech Civil Code Section 2235)
- Regulation: Not a financial product — not regulated by the CNB
What This Means in Practice
NaVykup buys your property and you rent it back. You receive a lump sum (50–90% of the value), but then pay monthly rent to the new owner. Ownership transfers to the buyer. There is an option for a buyback at the original market price.
NaVykup explicitly targets clients in financial distress: it accepts properties under foreclosure, with liens, and with encumbrances. This is not a product for retirees looking for regular income.
HomeGrif — What It Offers
HomeGrif operates on the principle of buyback with right of residence:
- Product type: Property value buyback with lifetime residency
- Payout: Up to 75% of value (annuity, lump sum, or combination)
- Age limit: From 50
- Monthly annuity: Yes — lifetime
- What the client pays: Nothing — the client receives payments
- Legal protection: Registered encumbrance (vecne bremeno) in the Czech Land Registry
- Heir protection: Earlypass (5 years)
What This Means in Practice
HomeGrif buys a share of your property's value. You receive money (annuity or lump sum) and continue living at home. The right of residence is registered in the Land Registry — nobody can evict you. You pay no rent.
Parameter Comparison
| Parameter | NaVykup | HomeGrif |
|---|---|---|
| Principle | Sale + leaseback | Value buyback + lifetime residency |
| Payout | 50–90% (lump sum) | Up to 75% (annuity + lump sum) |
| Monthly cash flow | Client PAYS rent | Client RECEIVES annuity |
| Creates debt | No | No |
| Legal protection of residence | Rental agreement | Registered encumbrance in Land Registry |
| Age limit | None | From 50 |
| Speed | 24h offer | 4–6 weeks |
| Buyback option | Yes (at original price) | No (standard) |
| Target group | Financial distress | Retirement planning |
| Regulation | Not a financial product | Czech Civil Code |
The Key: Who Pays Whom?
The most important difference is the direction of money:
NaVykup: You receive a lump sum, then pay rent to the new owner. Every month, money leaves your account.
HomeGrif: You receive a lump sum AND a lifetime monthly annuity. Every month, money arrives in your account.
For a Czech retiree with an average pension of CZK 20,700/month (~EUR 830), the difference is critical: with NaVykup, monthly housing costs increase. With HomeGrif, monthly income increases.
Legal Protection: Rental Agreement vs. Registered Encumbrance
With NaVykup, your only protection is a rental agreement. Czech law does protect tenants, but:
- The new owner can increase rent (within legal limits)
- A fixed-term contract can expire
- If the property is sold to a third party, conditions may change
With HomeGrif, the protection is stronger — a registered encumbrance (vecne bremeno doziti) in the Czech Land Registry:
- The right of residence survives a change of ownership
- Nobody can evict you — not even a new owner
- The encumbrance is legally enforceable against anyone
Concrete Example: 68-Year-Old Client, Flat Worth CZK 3 Million (~EUR 120,000)
NaVykup Scenario
- Sale: 70% of value = CZK 2,100,000 lump sum
- Monthly rent: approximately CZK 12,000 (~EUR 480, estimate for a 2+1 in a regional city)
- Rent paid over 10 years: CZK 1,440,000
- Net gain after 10 years: 2,100,000 - 1,440,000 = CZK 660,000
HomeGrif Scenario
- Buyback: 75% of value = CZK 2,250,000 total
- Combined payout: CZK 750,000 lump sum + approximately CZK 6,000/month lifetime
- Total over 10 years: 750,000 + 720,000 = CZK 1,470,000
- Monthly rent: CZK 0
- Net gain after 10 years: CZK 1,470,000 (with no deductions)
HomeGrif: CZK 1,470,000 net. NaVykup: CZK 660,000 after deducting rent.
When to Choose NaVykup
NaVykup may be suitable if:
- You are in financial distress (foreclosure, debts) and need money quickly
- You want the option to buy back the property
- Your property is under foreclosure or has a lien
- You need an offer within 24 hours
When to Choose HomeGrif
HomeGrif is more suitable if:
- You want regular monthly income (lifetime annuity)
- You do not want to pay rent in your own home
- You want the strongest legal protection of your residence (registered encumbrance)
- You are planning for retirement and want stable income without debt
- You want heir protection (Earlypass)
Indicative Calculation
How much could you receive monthly with HomeGrif? Try the calculator — without obligation and anonymous.
Further reading:
