Becoming A Licensed Agent In France

Becoming a Licensed Agent in France

A view of the Islands of Paris…Ile de la Cité and Ile Saint Louis…
joined by Pont Saint-Louis

French Property Insider

Thursday, November 20, 2003
Paris, France

Bonjour French Property Insider Subscriber,

Sunday night I spoke before a large audience at Paris Soirées — a weekly event sponsored by Patricia Laplante Collins that brings together someone with something to say and willing listeners (in English) after mingling and a buffet dinner. My topic: “FINDING YOUR DREAM APARTMENT IN PARIS.”

It was surprising that so many of those who attended were Parisians! — Even they have trouble finding apartments in their own home town. One woman had been looking for six months with no luck in sight. She called us the next day to get us on her case.

Finding your dream apartment in Paris or a home in any part of France is no simple task. Americans coming to the arena with the experience they’ve known Stateside of an MLS system (Multiple Listing Service) that enables any agent to show and sell any property, title insurance to give them security of ownership and minimal closing costs are in for a rude awakening. Real estate life in France is a different matter entirely, so we must shed all we’ve known to be true and start with a clean slate.

For instance, not just anyone can decide to put out a shingle and start selling properties. Requirements are rigid. To obtain a real estate license (“carte professionnelle d’agent immobilier”), it is necessary to either hold a Bac+2 diploma in the economic, legal or commercial fields or to hold a baccalaureat, but also to justify one year in an estate agency which is licensed. Those having no diploma must justify experience working for ten years in licensed agencies. Certain types of diplomas are excluded: certificates of attendance of an educational institution, internships, teaching units integrated into a course of study. This means that foreigners, even those with work permits and full residency in France, are unlikely to qualify.

While many French agents are starting to see the benefits in splitting commissions with other agents who bring clients for properties they represent, most are still not in the habit of sharing. Century 21, a franchize boasting of 750 agencies with a volume of sales of 4 billion Euros (2002), still operates each agency independently. Their website (http://www.century21.fr/) comingles the properties, but each property is represented exclusively by only one agency. Phone the wrong one and see how quickly they say, “Sorry, we don’t have information about that property. You’ll have to call…”

This is the reason that intermediaries, such as ourselves, are offering services to simplify the search process. In the next few issues, I’ll be introducing Jocelyn Carnegie, our Property Search Manager, who spends most of his time consulting with clients and visiting properties and agencies we can develop a trusting relationship with. If you want to learn more about our services, visit http://www.adrianleeds.com/frenchproperty/insider/propertyconsultation.html or email Jocelyn Carnegie

A bientôt,

Adrian Leeds
Editor, French Property Insider
Email: Adrian@AdrianLeeds.com

P.S. To learn if you qualify to become a licensed real estate agent, visit the official site.

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Volume I, Issue 41, November 20, 2003

In this issue:

* What’s Behind these “Residence du Tourisme” (Leaseback)
* More About Why the Leasebacks are Such a Good Investment
* The Rental Game — Reporting on Rue de la Huchette
* Outliving the Seller — The Viager Program
* Planning for a Modern Paris
* A Currency Exchange Update
* Hot Property: Leaseback in Paris and Other Hot Spots in France
* Property For Sale: Paris Picks
* General FPI Information…

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CREATED IN 1986 BY THE FRENCH GOVERNMENT — RESIDENCE DU TOURISME…THE FRENCH LEASEBACK PROGRAM
By Paul Hosier, Conseil Patrimoine

The Government set down a regulation stating that a “residence de tourisme” must meet a certain criteria. Such a building must have 100 beds minimum (e.g. 25 apartments sleeping 4 persons each, offering a minimum level of services — reception, laundry, housekeeping, breakfast facilities). Driven by the rising demand from tourism and business visitors to the country, France being the number one tourist destination in the world, there became a need for better improved facilities for these visitors and gave rise to the need for some sort of action. This also led to job creation for many people now involved in the industry, which otherwise would not have been available and the generation of new hard currency into the country.

This scheme had to give incentives to investors to buy into the program and the developers a reason to build. Tax incentives were offered on both sides — the waiver of VAT on the purchase price and various leveraging permitted to reduce income tax liability. For the builder, local authorities will generally lean more favorably towards a planning permit where the developer is looking to build a service apartment or hotel. This is especially evident in cities such as Paris and around the Côte d’Azur. In Nice for example, the International Airport passenger capacity has grown from 5 million to 9 million with the construction of the new Terminal 2. The three latest buildings to this program, one in Antibes, Beausoleil and another in Theoule, will not come close to meeting the requirements for rental accommodation. Hence why there is so much confidence in Leaseback from foreign investors and developers alike.

To give an example of how and why this works, a normal residence owned and used for personal occupation, would generate little or no extra revenue as these people may visit only a fortnight a year and maybe not rent out at all. However from a Residence de Tourisme with 100 apartments, it is calculated that the number of visitors who pass through such a residence in any one year may be as many as 20,000. All of these by

visiting the shops, doing business, eating in the restaurants, are creating a requirement of services and a growing work force. The local authority also benefits, from taxes paid by revenue from these residences and the infrastructure of the towns are maintained and low levels of unemployment experienced. When you consider in any one town there will be a number of these residences, then it is clear why there is backing from all quarters. Especially as all of these factors go towards having a positive effect on the local economy and therefore the economy in France.

There is also a long term positive effect from these residences. The initial obligatory contract to enjoy the tax incentives is nine years. After this period many of these buildings return to a private residential usage by the owners or get sold to people who do not wish to rent out…leading to the need to either build new or refurbish existing residences again creating positions of work within this building trade. So the circle continues.

EDITOR’S NOTE: Conseil Patrimoine is one of the leading real estate agencies authorized to represent Leaseback properties. To learn more about the properties they offer, contact Beatrice Dornier, or phone +33(0) 4.97.03.03.33 and please be sure to tell Beatrice French Property Insider sent you.

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MORE ABOUT THE FRENCH LEASEBACK
By Lief Simon
Editor, Global Real Estate Investor

(Reprinted from THE SOVEREIGN SOCIETY OFFSHORE A-LETTER)

I’ve discovered a real estate investment opportunity that combines diversification, safety, tax advantages, inflation protection and asset protection-and doesn’t require much capital to get started. Best of all, your income from this investment is actually guaranteed by the French government!

Through this program, you can purchase qualifying property in France free of value added tax (19.6% in France; so a US$100,000 property is discounted immediately to US $83,600). And you can take-out up to a 20 year mortgage for up to 95% of the purchase price at a fixed rate of interest of 6%. While leverage this high is commonplace in the USA, it’s virtually unheard of in Europe.

France is one of the world’s top tourist destinations, and receives more than 75 million international visitors each year…plus the French themselves typically prefer to vacation in France. Because there is a chronic shortage of short-term rental accommodations in France, the government offers a package of incentives to investors and developers of such projects.

Properties under this scheme run from US$50,000 for a studio in the Pyrenees to more than US$1 million for a villa on the French Riviera. And, since qualifying properties are in the most popular areas in the country–Paris, the Riviera and the Alps-they have excellent prospects for capital appreciation.

You own the property outright…but you agree to turn it over to a property management group for rental for a fixed number of years (typically nine). In return, you are guaranteed a net return after all management and operating expenses have been deducted. This return can vary from 4.5% to 6% depending on the development and the location.

These are real returns, indexed to construction costs. In other words, each year, as construction costs increase, your cash receipts increase as well. If construction inflation is 10%, your pay out will go up about 10%, too. Your return is evaluated each year. The worst case scenario is that you always get your original guaranteed return.

Depending on the project, you may have the right to use the property yourself for two to four weeks each year. But some developers don’t allow owner use at all, so this is an important point to clarify up front. However, guaranteed returns generally go down the more weeks use you’re allowed.

Asset protection? No one will try to sue you in France for your property. The French bureaucracy is difficult enough if you are French. Plus, although no one will know you own the property unless you tell them, for tax reasons you may wish to own the property through a corporation.

The biggest advantage of the Leaseback Program is how easy it is. The management company handles everything. All you have to do is designate the bank account where you want your rental income checks deposited.

After nine years, you can do what you want with the property; renegotiate with the management company for a higher pay out, rent the unit yourself, or sell the apartment. (Actually, you can sell the property before nine years have elapsed.but the new buyer is just subject to the remainder of the lease period.)

All in all, the French Leaseback is a virtually hassle free, almost no-risk investment–perfect, if you’re making your first plunge into international real estate.

PS: I’ve written a report on the French Leaseback Program, that walks you through the process of finding, evaluating, and investing. To find out more, send e-mail to: mailto:fpi@adrianleeds.com

EDITOR’S NOTE: You may also download your free copy of the Leaseback Report or contact our office to learn more about properties available under this program at Leaseback

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REPORTING ON RUE DE LA HUCHETTE
http://www.adrianleeds.com/frenchproperty/insider/rentals/huchette.html
By Adrian Leeds

The rental game has a few snags an owner should be aware of. We found out just this week. No matter how well we planned to have the new soundproofing work done to the rue de la Huchette apartment, each step along the way was delayed just a bit…the measuring process took longer because no window is any way, shape or form like the other; approvals for payment from home office took the usual administrative routes; the manufacturing process took longer and now the scheduling of the work is once again dependent on a check from home office.

As a result, the first tenant we had booked had to be moved to an equivalent apartment. That was no easy task — agencies have had their apartments for this period of the year booked months in advance. Nonetheless, we found two we felt were suitable, but the client didn’t think so! They found another one on their own and we couldn’t argue with that…in fact we’re just happy they were so understanding to the problem. We reimbursed them in full, we of course, lose our revenue, but there’s nothing

we can do, but bite the bullet and move forward.

Now, we have tenants in for our next projected deadline and we’re crossing our fingers that no delays inspire another tenant upheaval.

I’ll keep you posted.

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TO VIE OR NOT TO VIE
By Jocelyn Carnegie

We have written of Jeanne Calment, the 121-year-old French woman who famously outlived her purchaser. The said purchaser agreed to buy her house when she was 90 through the peculiarly French system of Viager — a property transaction based on the premise that a person can sell their property yet still have the benefits of living in it. In this case, the purchaser was none other than her attorney and whilst one never likes to speak ill of the dead nor indeed the legal profession, there may have been just the slightest rubbing of hands at the thought of a rather more rapid conclusion to the sale than was the eventual case. This tale, whilst highly unlikely, does highlight the risks involved in purchasing real estate using anything but the tried and tested norms.

Sale by Viager accounts for some 1% of property transactions in France. The vendor receives an upfront lump sum (poetically known as the ‘bouquet’) on contract signature as well as a monthly or quarterly annuity (‘rente viagère’) for the remaining years of his or her life. The value of the right of ownership lost is based on the market value of the property and then the life expectancy of the seller according to actuary charts. Looked at cynically, it could be seen as a rather macabre game of poker whereby the purchaser takes a calculated gamble on the early demise of the vendor, however, the system does have merit from both the sellers’ and long term investors’ points of view. Sale by viager allows a vendor to choose whether to stay in their house (‘viager occupé’) or to move into retirement accommodation (‘viager libre’). Details of the initial down payment and ensuing annuity are negotiated on a case by case basis but index linked to property values.

The legal pretext for such a system was explained by our legal advisor and regular contributor, Jean Taquet, who screened this rather light-hearted article for ‘lay’ errors. Under the Anglo-Saxon system of ownership, if you own something, you have the right to its use. The French system differs considerably in that there are three rights of ownership: usus, fructus and abusus. Some readers may be familiar with the right of ‘usufruct’ or life-rent. Usus refers to the use of the property (‘I use; therefore I own’); fructus to the fruits or rewards that the ownership of a property can bring, such as rent; and abusus is the right to buy, sell or otherwise dispose of it (destruction included!). These three distinct rights can be employed separately or together to form the basis of a property transaction. In the case of Viager, the seller keeps the usus and the purchaser buys the fructus and abusus.

The vultures are getting restless in the trees around the civilized boulevards of the 16th. – licking their bony lips at the thought of early cardiac arrest or leaping out of a quiet alleyway in front of the 82 year old seller (the ‘créditrentier’) dressed as the Grim Reaper to precipitate its onset. There is a classic French film from the 1940′s called ‘En Viager’, which tells the viager story in exactly these terms.

However, all you would-be Borgias out there…beware — the vultures need not get too over excited; the French have thought of everything. They even conceived a clause in the contract designed to dissuade the errant buyer from murder by frustration – i.e. should the seller begin to look younger with each passing day or even think of living until 121 years of age, the purchaser of the Viager cannot benefit from their ‘untimely’ death! One would imagine that use of the word ‘untimely’ would be arguable at that age but we would not advise gambling on the arsenic option in a court of law!

A final word from a surprised agent who speacializes in sale by Viager: “I have tried to sell the idea of Viager to the Americans before and none wanted to get involved on the basis that it was immoral. What’s more, the first question I was always asked was, ‘So what’s to stop me killing the seller?’” Could all those who asked that question please revert back to their dictionaries and look up the word immoral!

EDITOR’S NOTES: For more information and expert advice on sale by viager, please contact Jean Tacquet.

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URBAN DEVELOPMENT PROJECTS IN PARIS
Provided by Laurent Queige, Directeur de cabinet de Jean-Bernard BROS,
Adjoint au Maire de Paris chargé du tourisme

REVIEW OF THE SITUATION

Over the past 30 years, large development projects carried out in Paris in Mixed Development Zones, have permitted the construction of about 37,000 housing units (3,100,000 square meters), 50% of which are in social housing buildings and 30% in intermediate-rent buildings plus one million square meters of office space and 500,000 square meters for shops and activities.

Local Paris authorities launched a large-scale interventionist program at the end of the “Trente Glorieuses,” (namely, the thirty years that followed the end of the Second World War). This period was also marked by the arrival of a Mayor in Paris. The production of housing has not followed a linear course and had considerably dwindled over the recent years.

The 1977 master plan and land use map have changed urban shapes and set an end to the construction of highrise buildings. They have also permitted to start new projects in Eastern Paris. The main objective was to retain the population inspite of an increasing number of single-parent families and of the growth of the average surface of flats. Over the past 20 years, the population loss has been limited to 50,000 people. But, during the same period, 200,000 jobs were lost in Paris (reduced from 1,810,000 to 1,610,000) whereas the Ile de France region gained 880,000 inhabitants and 260,000 jobs. It can also be noted that the rate of unemployment is higher in Paris than in the Ile de France region.

Paris has nonetheless many assets. The Ile de France region represents 30% of the French GDP and Paris alone accounts for 10% of it.

During this period, the nature of jobs has changed. The proportion of executives and intellectual professions rose from 22% to 35% and that of operatives and employees from 50% to 35%.

Two criteria must be taken into account:

1) the scarcity of large available land in Paris. About 80 to 100 hectares, 2/3 of which belong to the Railway Company or the French Railway Network.

2) the territories located in t

he immediate surroundings of Paris are neglected and concentrate most of the difficulties.

MUNICIPAL COMMITMENTS FOR THE ONGOING TERM

This is an abstract of the commitments made by the municipality elected in March 2001 for the ongoing six year term.

URBAN PLANNING

- Keep the densification of the urban space under control, preserve the architectural diversity and promote a modern architecture of high quality.

- Initiate a democratic urban planning based on new methods: above-board decisions, information, concertation, participation of citizens and associations in the preliminary stages of the projects.

- Define and implement an urban project adapted to the reality of the neighborhoods and in keeping with the size of the city.

— Develop Paris surrounding areas in concertation with the outlying suburbs: introduce intercommunal practices with their municipal teams in order to open up the neighborhoods located around the “gates of Paris;” carry out a policy of urban improvement, economic and social development, rehabilitation of large social housing blocks.

— Enhance the main squares of Paris

— Give priority to green space: five large-scale projects will be completed or studied: Eole garden in the Cour du Maroc sector, enhancement of the Seine river banks, large Batignolles park, reorganization of Vincennes and Boulogne woods, more green areas in the Paris left bank mixed development zone.

HOUSING AND HABITAT

- Eradicate unhealthy housing by the end of the term.
– Set up an observatory of derelict condominiums.
– Boost the production of moderate-rent housing, transform old habitat for social purposes and foster mixed use neighborhoods.

JOBS AND ECONOMIC DEVELOPMENT

- Use more efficiently the huge opportunities offered by tourism (10% of jobs in Paris) while respecting the city environment and its inhabitants. Diversify the touristical offer; help professionals wishing to train their staff and develop social and student tourism through a larger offer of accomodation centers and programmes targeted to them.
– Assistance to the creation of companies.
– Encourage the development of Internet networks.
– Consolidate the role of Paris as a financial center in order to raise its competitive edge.
– Help companies through a wide offer of activity premises and thus contribute to the revitalization of certain neighborhoods ; open incubators ; create a new generation of activity hubs located in buildings fully adapted to new technologies.
– Foster the development of economic projects in concertation with the outlying municipalies.

ACTIONS UNDERTAKEN

In the field of real estate in general:

Forceful action aimed at creating new social housing units allocated in perfectly open conditions.

Speed up the construction of the University of the third Millenium (amendment signed during the first semester 2002 – Paris left bank Clignancourt, creation of 3000 flats for students during the term).

New relationships between Paris and other Ile de France local authorities. About 10 conventions have already been or are about to be signed with neighboring communes.

DEVELOPMENT PROJECTS

Development projects in Paris are oriented towards the following objectives:
– improve travels and the environment.
– create new job and animation pools in the immediate surroundings of Paris.
– meet the housing demand.
– reduce inequalities.
– take the orientations defined by neighboring municipalities into account.

These development projects roughly fall into two categories:

- those that are primarily aimed at improving the city dwellers’ living conditions, at wiping out unhealthy habitat and creating housing (essentially social housing) and facilities.
– those that play a more structuring role because of their scale and, hence, are more essential for employment.

They are mainly located in the peripheral districts except for the in-depth restructuring project of the Halles sector which has just come under study.

There are about 130 projects:

- 95 of variable sizes are distributed throughout Paris (ex: about 40 flats with a small garden in the Didot Thermopyles sector, the millenium park EMGP building plot or the sites of former Laennec, Broussais, Hérold hospitals…The creation of more than 4 hectares of green spaces verging on the 18th and 19th districts (cour du Maroc) are also part of this scheme.
– 9 sites listed in the Paris Urban Renovation Project (Porte Pouchet, Porte de Clignancourt, Cité Michelet, Porte de Montreuil, Saint Blaise, Porte de Vincennes, j2999eph Bédier, Olympiades and Porte de Vanves).
– existing mixed development zones that must be completely transformed or new ones that must be created. The most important innovations concern Paris Left Bank (13th district), Clichy Batignolles (17th district) North-Eastern Paris (18th/19th districts) Porte des Lilas (19th/ 20th districts), Rungis railway station(13th district), Boucicaut (15th).

They include public facilities and their main characteristics are:

Paris left bank

A surface of 130 hectares
700 000 m2 of offices, 400 000 m2 of which are already under construction
5 000 flats, 1000 of which are aimed for students
370,000 m2 of shops and activities (20,000 under construction)
210,000 m2 for university premises
10 ha of green spaces

North-Eastern Paris

A surface of 220 ha
Maximum construction potential: about 900,000 m2 total net dwelling area essentially devoted to jobs and urban logistics. Will to build at least 40,000 m2 net dwelling area of tertiary sector premises during this term.

Clichy-Batignolles

About 40 hectares
Creation of a garden covering a surface equivalent to the Park Monceau, half of which at least before next municipal elections
Total maximum building potential ranging from 400 to 500,000 M2 net dwelling area
Waste selection center and urban logistics

Porte des Lilas

Development of free spaces on the slab covering the ringroad
50,000 m2 of offices, mainly built by the end of this term
5,000 m2 commercial and cultural hub
about 100 flats
restructuring of municipal services

Rungis railway station
8,000 m2 of green spaces
16,000 m2 service activities
16,000 m2 collective, individual housing and flats for students-researchers

Boucicaut

About 10,000 m2 of green spaces
About 50,000 m2 built between 2003 and 2010
380 to 400 flats will gradually be delivered as the university temporarily housed there moves back to Jussieu campus where asbestos is being removed from the buildings.

As far as the procedure is concerned, it is often necessary to modify the current land use map/ local urban plan prior to the general updating submitted to the public inquiry . This means that today 28 modifications will be made by the end of 2003 and the Paris Council will have to modify the creation act or create eight mixed develop

ment zone.

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“DR. DEREK’S” ARCHITECT’S ADVICE AND SERVICES

If you have basic questions concerning apartment and home renovation, contact our resident expert Derek Bush by visiting http://www.adrianleeds.com/frenchproperty/insider/services.html

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TODAY’S CURRENCY UPDATE

A service of http://www.xe.com
Subscribe for free at: http://www.xe.com/cus/

Rates as of 2003.11.20 13:47:58 GMT.

1 U.S. Dollar equals Euro 0.838290 (0.856130 Euro last week)
1 Euro equals U.S. Dollar 1.19290 (1.16805 last week)

1 U.K. Pound equals Euro 1.42838 (1.44082 Euro last week)
1 Euro equals U.K. Pound 0.700096 (0.694048 last week)

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SEEKING A MORTGAGE IN FRANCE?

The International Living Paris Office can help you secure a mortgage in France with interest rates as low as 3.35%.

Visit http://www.adrianleeds.com/frenchproperty/loan for more information or contact us

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* FOR SALE: FPI HOT PROPERTY OF THE WEEK

We are constantly looking at properties for sale to offer to our subscribers only. Each week we will be bringing you one or two properties we believe are especially worth your consideration. As a subscriber, you will have an exclusive first look at these.

Properties sell very quickly in Paris. The best way to find the apartment or home of your dreams is to allow us to do a preliminary search before your arrival so that you visit only the best of the properties and can make a decision quickly.

To learn more about our property search services, visit: http://www.adrianleeds.com/frenchproperty/insider/propertyconsultation.html

– LEASEBACK IN PARIS 15TH

Quality Investments

Rarely available in Paris
A unique opportunity in the XV district
Guaranteed rental income Safe investments opportunity

Situated in the heart of Paris and bordering the Seine river, this unique investment opportunity is just a short walk from the Eiffel tower.

An exciting renovation project, the building will have spectacular facades incorporating brick glass and metal to create an original outstanding architectural feature befitting the heart of Paris.
With spectacular views of France’s Capital city and the river seine, this residence will be decorated to an extremely high standard, with luxurious furnishings and air conditioning.

Offering services found in a highest quality hotel:

24 hour reception 7 days a week
Lounge area with bar
Fitness centre
Swimming pool
Business suites
Luxurious apartments

Decorated in a very elegant and contemporary style with clever use of colours and materials. Kitchens and bathrooms fitted out using the most luxurious, highest quality furnishings and equipment.
Air-conditioning.

For full photos and information, visit http://www.adrianleeds.com/frenchproperty/insider/sales/leasebacks/Paris_15th/Paris_15th.html

Also see Leaseback properties in Saint-Malo and Antibes:

For more information about Leaseback properties, email Beatrice Dornier, Conseil Patrimoine

* FPI PROPERTY LISTINGS – SALE

All of the following apartments are for sale by owner. There are no agency fees incurred with the exception of a finders fee we place to connect you with the owner and assist you in the purchase. We have chosen two very high level properties and two very low level properties, but both in very rentable areas of the city, should you wish to make your investment profitable.

The prime rental neighborhoods are the 1st – 8th arrondissements, but each depending on location within each arrondissement. The most requested is the Ile Saint-Louis, second the 6th, third the 4th. The most expensive property in the city is the Place des Vosges in the 4th, Ile Saint-Louis (also 4th) and the 6th arrondissement.

– PARIS 3rd: RUE DES ARCHIVES

Lovely 56m2 2-room apartment on the 1st floor in the heart of the Marais. Fine 17th-century building. High ceilings, open beams, exposed stonework. Open equipped kitchen. Ready to move in.

Asking Price 360,000 Euro +2% Finders Fee

Serious inquiries email: Rue_des_Archives

 

– PARIS 3RD: BALCONY OVER THE MARAIS

On rue de Turenne, this 4th floor (with elevator) apartment of 30m2 has a separate bedroom and a salon with a balcony. The 18th-century building was formerly a whole town house and has been totally renovated. Open and bright.

Asking Price 240,000 Euro + 2% Finders Fee

Serious inquiries email: Balcony_Over_the_Marais

– PARIS 3rd: SQUARE DU TEMPLE

A large 2-room apartment of 70m2 in an 18th-century building. On the 4th floor with a triple aspect and very bright (7 windows). Very quiet with exposed beams, parquet flooring and fireplace. High quality renovation with an open kitchen and salon of 35m2. Lots of storage space.

Asking Price 450,000 Euro + 2% Finders Fee

Serious inquiries email: Square_du_Temple

 

 

 

 

 


— PARIS 6th. : NEAR QUAI DES GRANDS AUGUSTINS

3 roomed apartment of 50m2 on the first floor overlooking the road and courtyard. Close to either Odéon or St. Michel metro stations in a 17th-century building. Individual heating. Some renovation required.

Asking Price 360,000 Euro + 2% Finders Fee

Serious inquiries email: Quai_des_Grands_Augustins

 

 

 

 

– PARIS 6th: RUE CHRISTINE

2-room apartment of 45m2 with a further 20m2 mezzanine. High ceilings with open beams. Light and quiet overlooking rue Christine in this popular rental area of Paris.

Asking Price 396,000 Euro + 2% Finders Fee

Serious inquiries email: Rue_Christine

– PARIS 6th: CORNER OF SEINE AND BUCI

On the first floor and on several levels; 69m2 apartment on the corner of rue de Seine and rue de Buci in a good rental location. The open sitting/dining room is 38m2 with a separate kitchen and bedroom with double aspect with an ensuite bathroom. Parquet.

Asking Price 435,000 Euro + 2% Finders Fee

Serious inquiries email: Corner_Seine_Buci

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PARLER PARIS APRES MIDI MEETS TWICE A MONTH

NEXT MEETING: NEXT MEETING: November 25th 3 p.m. – 5 p.m.AND EVERY SECOND AND FOURTH TUESDAY OF THE MONTH

This is your opportunity to meet twice a month, often with local professionals who can answer your Working and Living in France questions. You are invited to come for drinks and share your questions and comments about what it takes to create a life here, own property and enjoy what France has to offer. It is also an opportunity to network with other Parler Paris readers.

For a detail description of the past meeting and for more information about Parler Paris Après Midi, visitb http://www.adrianleeds.com/parlerparis/apresmidi.html

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INSIDER PARIS GUIDES DISCOUNT FOR FPI SUBSCRIBERS

Don’t forget that with your FPI subscription you are entitled to a discount on the purchase of any Insider Paris Guides. You’ll find details of the guides at http://www.insiderparisguides.com. When ordering, a box will pop up allowing you to enter the following username/password

Order more than one guide at a time and you will receive an additional discount!

Username: propertyinsider
Password: liveinfrance
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RENTING AN APARTMENT IN PARIS OR HAVE AN APARTMENT TO RENT?
If you are seeking to rent a furnished apartment for a week, a month or a year or you have an apartment you wish to rent, there are a couple of ways we can be of assistance. Click here for more information: http://www.adrianleeds.com/frenchproperty/insider/forrent.html

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THINGS YOU NEED TO KNOW

- FPI Website: To access any password protected pages, the username is: fpiuser and the password is: paris1802. If your computer utilizes cookies, once you log into a subscriber only section, the login information will remain active for seven days, after which you will have to login again.

- Past issues of FPI are available on the website. You will find the “Past Issues” link on the left under “Subscribers Only” or by going to http://www.adrianleeds.com/frenchproperty/insider/subscribersonly/archives.cfm

- To receive your free French Leaseback Report or the Paris Property Report, click on http://www.adrianleeds.com/frenchproperty/insider/subscribersonly/reports2003.cfm and download the pdf versions.

- Instructions for upcoming conference calls are on the FPI website. You’ll find the link under the “Subscribers Only” section on the left of any page.

- Get In On The Discussion: Care to weigh-in on current HOT topics of discussion on France? Get in on or start your own thread on our bulletin board at http://www.agora-inc.com/forums/index.cfm?cfapp=15

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CLASSIFIED ADVERTISING

==APARTMENT RENTAL==

In the heart of the Marais extremely charming 42 square meter studio with loft. Fireplace, exposed beams on a beautiful 17th century courtyard.

All amenities: telephone, fax, Internet, cable TV, washing machine, fully equipped kitchen, housekeeping once a week, piano allure

Métro: Arts et Métiers 600 euros per week / 2000 per month available year-round

Contact: Alexis Magaro

==APARTMENT RENTAL==

Elegant, Tasteful, Calm at Saint-Germain-des-Prés, 6th arrondissement, one bedroom apartment, sleeps 4. Amenities: Fireplace, Phone, Cable TV, Full Kitchen, Microwave, Refrigerator, Cooking Utensils provided, Linens provided, Washer & Dryer, Bathtub with Shower.

 

For more information, visit: http://www.adrianleeds.com/frenchproperty/insider/rentals/scott.html or contact FPI_Cherche_Midi_Rental

==AP

ARTMENT RENTAL==

Stay in your own 17th-century pied-à-terre in the heart of Saint-Germain-des-Prés, Paris, by the week or month. Sleeps 4. Newly furnished and redecorated. Totally charming. From $150 per night. Visit http://www.adrianleeds.com/frenchproperty/insider/rentals/mazarine.html or contact Rendez-Vous à Paris

 

 



==APARTMENT RENTAL==

Guest Room or Two-Bedroom Apartment Located in a 17th century Le Marais Hotel Particulier, this 70 square meter apartment two-bedroom apartment with lots of light is nicely furnished and is perfect for a single woman in the freshly renovated guest room when owner Adrian Leeds is in or for up to 4 people when she’s traveling.

The Guest Room is offered at $575 per week ($250 deposit required). The Entire Apartment is offered at $875 per week ($350 deposit required). References are mandatory.

Pictures and more details available at http://www.adrianleeds.com/parlerparis/apartments/rentals/leeds.html
For information and reservations email: ABLguestroom

==APARTMENT RENTAL==

2 lovely apartments in the 1st arrondissment across the street from the Tuileries Gardens, 3 minutes form the Place Vendome. Available for rent by the week or longer term: 6 months to 1 year. 2-3 bedroom duplex w. 2 baths/ Tuileries view. OR 1-2 bedroom same building. Both are elevator accessible, non-smoking and no pet properties.

To check them out and for reservation and contact information go to http://www.youlloveparis.com.

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HELPFUL CONVERSIONS FOR REAL ESTATE

To convert square meters to square feet, multiply 10.763 by 3.281 and for more conversions, refer to:

http://www.onlineconversion.com

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Copyright 2003, Agora Ireland Publishing & Services Ltd.

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