From Le Palace to La Place
La Place Dauphine, 1st Arrondissement, Paris
September 11, 2008
Bonjour French Property Insider Subscriber,
It is sadly a day to remember when the Twin Towers in New York City came tumbling down…and while we mourn the loss, we here in Paris are thinking, not of what can be destroyed, but of what we can BUILD…property, a lifestyle, a future.
Our newest project at Place des Vosges in Paris is all consuming and very much in full swing. Today, our first share was sold and other anxious buyers are awaiting information on how to make their deposit and sign their reservation contracts. Meanwhile, questions are to be answered, some of which we have done in today’s newsletter…others will be posted on the site page in due time. For now, be sure to visit the page to see the video we shot this past Tuesday so you can see for yourself what Le Palace des Vosges looks like now…and what you can imagine it will be come!
Rental questions are on many minds…as so many of you want to own property that will generate a revenue. Learn more about the taxation of those revenues and what you can expect to encounter. Remember something very important…taxes are paid on profits, therefore if you’re paying taxes, you earned a profit. So, we should all love paying taxes! No?
A visit to the Maison et Objet Trade Fair was a very exciting experience — it happens only twice a year, is expensive to attend, but well worth the acres and acres of great ideas. Le Palace des Vosges will certainly benefit from our visit there. Make a note for next year’s show to attend.
This weekend is the French Property Show in London — so if you can hop over the Channel for the weekend, you can get a taste of France in London!
Les Journées du Patrimoine are soon upon us, September 20 and 21, when the entire country honors the cultural contributions made to the heritage of France by opening the doors and gates of monuments, museums, archeological sites, buildings, parks and gardens to the public. Don’t miss this special occasion!
Hot Properties in today’s issue of FPI place you at the Places de Paris…the many beautiful "Places" around the city that are so desirable to live on, in honor of Place des Vosges, the city’s most elegant square.
And there is lots of great information from our sister publications, so take your time to take it all in.
Editor, French Property Insider
P.S. We had a full house and a great time together Tuesday afternoon at Parler Paris Après Midi! To read all about it and see the photos, visit http://www.adrianleeds.com/parlerparis/apresmidi.html.
P.P.S. A special "à bientôt" to Lynda Sydney, FPI’s Editorial Director, who is leaving us as of this issue. She’s been the backbone of this publication for many years and we salute her for her superb accomplishments! Believe me, she will be sadly missed. To fill her shoes, we are very pleased to welcome back Schuyler Hoffman, our long standing Conference Coordinator and past Editor of FPI, who has gladly resumed his position. Welcome Schuyler — as of next week’s edition!
Volume VI, Issue 37, September 11, 2008
In this issue:
* Bonus for Palace des Vosges Buyers
* Truth About Tax on Rental Revenue
* Fashionable Furnishing Finds
* Protecting Paris Culture
* French Property Exhibition, London, September 12-14, 2008
* Rich Requesting Mortgage Money
* Property Prices Firm in France
* Tourist Hotspots Attractive for Property Purchase
* French Property Fractional Offerings — NEW! Le Palace des Vosges
* Next Living and Investing in France Real Estate Conference – Paris October 11-12, 2008
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: October 14, 2008
* Hot Property Picks: Popular Paris "Places"
* Leasebacks: Jardins de la Marjolaine, France, Atlantic Coast, Bordeaux
* Managing Your FPI
* Classified Advertising: Parler Paris Apartments — La Terrasse du Temple
The First Eight Buyers of "Le Palace des Vosges" Get Bonus Weeks!
By Adrian Leeds
Tuesday morning a group consisting of our staff, real estate agents, an architect, a contractor, a Trompe l’Oeil artist, a client and friends gathered in the courtyard at number 9 Place des Vosges to see "Le Palace des Vosges" — our newest Fractional Ownership property. My trusty Sony Cybershot had been fully charged to take "home videos" of the Place and the apartment while we all discussed what could and should be done to transform the current "shell" of a space into "Versailles."
(The videos are on the Web site now if you want to take the tour with me. Just click on http://www.adrianleeds.com/frenchproperty/fractional and scroll down to see the three videos.)
The interest in the property has been overwhelming and the shares are starting to sell quickly! As we are in the process of organizing the project, we are able to answer many of the questions and make important decisions.
The first four shares are offered at the lowest price of 129,900€. The price increases as shares are sold. The sooner you purchase, the more you win!
Thirteen owners will share the property, with four weeks each, to be taken in two blocks of two weeks (Saturday to Saturday rotation). The schedule is purely rotational, and the two annual visits will be 26 weeks apart. The following year, the rotation will move forward by seven weeks to give everyone a chance at spending time in Paris during different seasons. Owners may trade weeks among themselves.
Those buying early on will have the first pick of dates. Because the property will be ready for occupancy May 2, 2009 (week 18 of 2009 on the standard RSI calendar), the first eight purchasers will have two weeks plus a FREE EXTRA WEEK in 2009 if they choose!
Annual maintenance fees have not be finalized, however, the annual dues are expected to be under 1750€ per year per share.
Many people have asked about renting the property. Our legal advisors at The International Law Partnership have provided this explanation for why we will not make rental an option:
Why it is advisable NOT to rent out fractional ownership property
Capital Gains Tax (“CGT”) is payable following each sale of a foreign company share, based on the difference between the cost of the share and its net sale price. The CGT rate is 33 1/3% for non-EU residents and 16% for (non French) EU residents. The taper rule may reduce the amount of the gain by 10% per annum after the first 5 years of ownership, so that no CGT is payable upon the sale of shares held 15 years or more.
However if the foreign company is classed as commercial (see below) the taper rule will not apply, resulting in a higher capital gain subject to tax. In addition, the cost basis of the share will be reduced by 2% for each year of ownership, which will also result in a higher capital gain subject to tax.
This is very relevant to the issue of renting out the property because commercial characterization of the foreign company or its SCI is automatic if the company rents the property furnished.
In order to avoid commercial characterization it is therefore very important to prohibit both companies (ie the LLC and the SCI, via a clause in their Articles of Association) from renting out the property. Further, if the foreign company is qualified as a non-profit entity, such qualification generally necessitates a prohibition of all commercial activities, including renting out, by the foreign company.
It may still be possible to rent out the property and avoid commercial characterization if the above recommendations are complied with but the fractional interest owners are permitted to rent out their own allotted usage and retain all the rental income (net of fees) rather than pooling rental income. However, there is absolutely no guarantee of this and therefore the only way to avoid the adverse tax consequences of commercial characterization for sure is to prohibit the rental of the property altogether.
In addition to the adverse CGT consequences of the foreign company (or its SCI) renting out the property, individual fractional share owners will also have to pay French income tax on any net rental income they receive. This tax must be paid whether or not the company in question is characterized as commercial. Although such income tax can generally be offset against tax in the owner’s country of residence, owners should bear in mind that the rate of income tax payable in France may be higher than the tax payable in their country of residence.
This and more information will be made available on the Web site as we progress, so please stay tuned with the site at http://www.adrianleeds.com/frenchproperty/fractional/index.html or for more information, email email@example.com
Paying Tax on Your Rental Property Revenues
By Adrian Leeds
Parler Paris Apartments (http://www.adrianleeds.com/parlerparis/apartments) advertises rental apartments for our clients, reserves the stays, collects the rental fees in U.S. dollars and pays the owners in U.S. dollars or euros as they prefer. The owners have the obligation of reporting the rental income, regardless of what currency in which it is paid, to the French government, because the property is in France.
The French Embassy in the U.S. Web site reports the following (http://ambafrance-us.org/spip.php?article755):
This income is taxable in France if the real property is located in France.
It falls under the category of either "revenues fonciers" (rental of unfurnished real property), or "bénéfices industriels et commerciaux" (rental of furnished real property). Canadian residents must also report this income in Canada. The tax paid in France will be deducted as a foreign tax credit. A simplified tax treatment (micro-foncier) is granted for gross rental income lower or equal to 15,000 euros. The net rental income is, in this case, computed by a deduction of 30% from the gross rental income. Rental income from furnished property are considered as industrial and commercial income. For the taxpayers who are not residents of France, the tax cannot be lower than 20% of the net income except if they can justify that the average rate of the French income tax, calculated on all income from French and foreign sources, if they were taxable in France, would be lower than 20%.
For many non-residents of France who own rental property and are paid rents in U.S. or Canadian dollars, regardless of the location of the property, choose to report their rental income in the country of their tax residence, legally correct or not.
One of our readers posed this question:
We’ve heard that when a person owns a second residence in the U.S. that tax law limits them to staying no more than 2 weeks a year in that second residence. Do you know if that is the same for a U.S. citizen owning an apartment in Paris?
Basically the rule is, if the personal use of the property is not more than the greater of 14 days or 10% of the days the home is rented, this home is treated as rental property.
John Gosch, CPA
Editor’s Note: For more information, see the IRS Residential Rental Property Publication #527 for details:
http://www.adrianleeds.com/frenchproperty/insider/members/content/IRS_pub_527.pdf For assistance with your tax issues in the U.S., contact John Gosch, CPA, Bridge, LLP, firstname.lastname@example.org or for assistance with your tax issues in France, contact Sébastien Bacoup, Attisse, http://www.atisse.com, email@example.com
Maison & Objet
By Adrian Leeds
The Fall bi-annual Maison & Objet Trade Fair took place September 5 through 9, 2008. The next one is scheduled for January 23 through 27, 2009 in the same location at Paris Nord – Villepinte.
"Creating a world and revealing trends, the finest snapshot of fashion in the home is more than a trade show. It is a philosophy, a concentration of energies that brings together major editors, designers and manufacturers around the same concept: the finest expression of the art of living."
Visitors include importers and exporters of decoration, home and office design, furniture, lighting, fabrics, clothing textiles, handicraft products, gifts and souvenirs, home exhibitions, kitchen and bathroom accessories and general public.
Exhibitor’s include decoration, home and office design, furniture, lighting, fabrics – clothing textiles, handicraft products, gifts and souvenirs, home exhibitions, kitchen and bathroom accessories. That’s a very brief synopsis of one of the greatest show on earth!
To enter, the cost is 56€ valid for the 5 days. The catalog is a pricey 33€, but well worth it.
This past Friday, Interior Designer Martine di Matteo and I spent the day at the Maison & Objet Interior Design Trade Show to find the perfect furnishings for "Le Palace des Vosges." Thanks to Maison & Objet’s never-ending display of beautiful home furnishings, it will be no ordinary Paris apartment. We’re fortunate to have her creating the royal setting for the "aristocrats" who will occupy its chambers. Martine’s design talents which combi
esthetics with Western comfort, convenience and functionality is well proven in the many luxury rental apartments she’s designed and decorated for Parler Paris Apartments.
For more information about Maison & Objet, visit http://www.maison-objet.com/
Protecting Paris’ Cultural Heritage
By Adrian Leeds
An Excerpt from Parler Paris
Wednesday, September 10, 2008
Yesterday morning a group consisting of our staff, real estate agents, an architect, a contractor, a Trompe l’Oeil artist, a client and friends gathered in the courtyard at number 9 Place des Vosges to see the apartment I wrote about in Monday’s newsletter — "Le Palace des Vosges" — our newest Fractional Ownership property. My trusty Sony Cybershot had been fully charged to take "home videos" of the Place and the apartment while we all discussed what could and should be done to transform the current "shell" of a space into "Versailles."
(The videos are on the Web site now if you want to take the tour with me. Just click on http://www.adrianleeds.com/frenchproperty/fractional/index.html and scroll down to see the three videos.)
The last "episode" of the videos was a short tour of the beautiful gardens of the Hôtel de Sully, just next door and upon turning to re-enter the Place, a man came up along side me, very dapper and professional, scurrying past me and entering Amboisie, the Michelin three-star restaurant, also at Number 9. He was none other than Renaud Donnedieu de Vabres, the Minister of Culture from 2004 to 2007. He didn’t notice the snaps of the digital camera hoping to get a good shot like bad Paparazzi.
Jack Lang was the Minister of Culture from 1981 to 1993, except for one small reprieve when François Léotard had the post from 1986 to 1987. Lang lives at Number 17 Place des Vosges — I’ve had the pleasure of spotting him there, too. And if it weren’t for André Malraux, the Minister of Culture from 1959 to 1969, the Place des Vosges might not exist at all. Le Marais had long ago lost its grandeur and become a slum until Malraux responded to local initiatives to protect historic neighborhoods in 1962. In 1965, the government protected the district and drew up a plan for restoration. At the time, 30% of the residences in Le Marais had no running water and 68% had no private toilets.
Things sure have changed! Property in Place des Vosges is now close to 20,000€ per square meter and little in Le Marais, both the 3rd and 4th arrondissements, sells for under 10,000€ per square meter. Every day I thank the lucky stars for Malraux’s influence that changed the face of a once corroding district that has become Paris’ chicest residential and commercial neighborhood.
The current Minister of Culture is Christine Albanel. She’s about to launch the 25th edition of the "Journées du Patrimoine" — the two days, September 20 and 21, when the entire country honors the cultural contributions made to the heritage of France by opening the doors and gates of monuments, museums, archeological sites, buildings, parks and gardens to the public.
This year for the first time, one day in advance on the 19th, the festival will be devoted to welcoming the handicapped to the patrimonial sites in conditions that will have been adapted to their needs. For all others, plan your program of visits by visiting the site at http://www.journeesdupatrimoine.culture.fr/ or from September 15th, you may visit http://www.culture.fr or call 0820 202 502.
French Property Exhibition
Olympia 2, London
September 12-14, 2008
Open 10 a.m. to 5 p.m.
French Property Exhibitions are the largest, most informative property events in the UK and a must for any potential French home buyer.
Organized by the UK’s leading French property publication, French Property News, our exhibitions will provide you with all the information you need to purchase your dream home across the water.
View thousands of the latest properties on the market from agents specializing exclusively in France – and gain all the advice you need from experts in moving, buying and financing.
There will be:
* A wide range of French Property Exhibitors
* Legal and Financial advisors
* Removal companies
* Informative seminar program
* Specialist French book stand
* Free admission
Whether you are seeking a permanent residence, holiday home, buy to let or investment property, we guarantee you will walk away feeling more informed and at least one step closer to making your French property purchase a reality.
er for free tickets now for fast track entry to the Olympia exhibition 2008 at this link http://www.fpeolympia.com/pre-register.aspx Alternatively tickets will be available on the door.
Demand for Wealthy Mortgages Rise
By Tara Loader Wilkinson
High net worth individuals in the UK are snapping up overseas mortgages worth €3m and over, particularly on second homes in the south of France and Italy.
HNWIs looking to invest in property are now increasingly likely to buy overseas as the UK housing market continues to spiral downwards.
Investec Private Bank has seen a surge in the number of wealthy clients applying for mortgages.
Andrew Arnott at Investec said: "As the UK housing market slows down, many high net worth individuals are increasingly looking to purchase overseas properties as they see them as representing a better investment opportunity. The majority of our clients purchasing a property abroad are looking for a second home, but investment potential is always at the forefront of any decision"…
To read the entire article visit http://www.wealth-bulletin.com/rich-life/content/2451677341/
France Stays Steady
From Assetz Property News Service
Yesterday’s Knight Frank survey of property prices around the world certainly made for interesting reading as the general dip in the increase in property prices from an annualized 6.1 per cent in the first quarter of 2008 to 4.8 per cent in the second did little to tell the whole story. While some markets have struggled and others (like Cyprus) are booming, some have carried on steadily growing.
France is a case in point. Although it is no longer matching the 6.8 per cent annual increase recorded in the second quarter of 2007, it was still growing by 3.2 per cent a year later. Such a rate of increase may not be the most enticing number for an investor keen on high growth and imminent boom, but the country may be able to offer something that is more solid, stable and reliable in the long run than most markets.
According to VEF, France is equipped with many advantages in this regard. The French property specialist firm stated this week that the country’s property market operates in a way that mitigates against a boom-bust cycle. The sort of problems that have been seen in Spain or the US could not happen there, it states, because of higher fees and stricter lending criteria, which ensure that "negative equity problems and speculative buying" are problems only seen in other countries.
Yet, VEF states, the property market in the country offers more than just an avoidance of bust. The average price is stated to be 60 per cent of those in Britain and 80 per cent of those in Spain, while at the same time it offers possible buy-to-let returns of six per cent or more.
With these advantages, France clearly has something different to offer, even if it isn’t matching the skyrocketing prices some countries are still experiencing.
For those who do buy in France for the long run, the issues may therefore be different ones. There is no longer run than until death, and for those who hold on to properties for that long, the issue of inheritance tax is bound to arise. This is where it becomes necessary to seek legal advice to make sure the interests of partners, children and anyone else the investor hopes to benefit from a property in France are best served.
An example of where this can avoid complication was given recently by the Daily Telegraph, which focused on the case of British buyers Sheila and Ian Holmes, who both have children from previous marriages. It notes that while arrangements over inheritance could ensure the surviving partner get the whole house in Britain, in France the law insists that biological children get their share.
Marcel van Peteghen, of Anglo French Lawyers, told the paper it was possible to set up a trust that could effectively give the surviving partner ownership of the whole house. But the paper notes that the Notaire – the legal official who is involved in housing transactions – may have a different interpretation of this law and thus it is important to ensure such people buy into the plan to avoid the possibility of things still going awry.
That such different laws and potential complications exist show why for anyone buying overseas, taking legal advice on all aspects of a transaction is very important.
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From Assetz Property News Service
Those investing in French property will do so for many reasons and in each case the type of property may be crucial to the success of any investment. The ones who succeed will be the ones who learn what their markets are and cater for them.
Those looking to get involved in buy-to-let in the big cities may, as the founder and managing director of French property firm VEF, Trish Mason, said recently, find the best success is in getting an apartment and refurbishing it, as such properties are in short supply and high demand for young professional couples.
Similarly, those buying in the north of France will enjoy the greatest success among Britons wanting a getaway across the Channel when they invest in properties with access to the Eurostar. So the story continues for each region: in coastal tourist areas property near the best facilities for families and enjoying good airport access will do well. Those investing in the Alps may want to go where the tourist industry is not dependent just on the winter sports season, not least as global warming casts doubt on the reliability of snowfall.
For the Mediterranean island of Corsica, those investing may again be looking to research into the popular tourist traits and attractions, buying appropriately in response.
Lucy White, editor of the Rough Guide to Corsica, said that in many ways the island is a place with two markets. On the one hand, there is the top-end one: "Corsica is generally thought of as an expensive, luxurious getaway – especially in the south around Porto-Vecchio and Bonifacio."
However, there is another aspect – one where strenuous activity takes center stage.
She stated: "However, it’s also an active place, as it’s home to the GR20 – a strenuous, serious hike that takes around 15 days to complete."
"As a result of this, accommodation on the island is obliged to cater for walkers, hence a large number of gites d’etapes, refuges and camping."
This sector of the tourist industry does not fit the bill for buy-to-let as the visitors in question are more mobile, so many could choose to concentrate on the Porto-Vecchio and Bonifacio sector. On the other hand, there are other, less itinerant leisure activities, as Ms. White explained: "You can also enjoy canyoning, horse riding and mountain biking and the popular Via Ferrata – a climbing area complete with cables, ladder climbs and monkey bridges." Many visitors could establish a fixed base before venturing forth on these sports.
So while Corsica is undoubtedly a tourist hotspot, those looking to invest in property for rent on the island may need to look closely at the sort of tourist they are trying to attract and buy accordingly.
Fractional Property Offerings from French Property Fractional
If you are interested in traditional fractional ownership properties currently offered by our Fractional Ownership partners, see below:
Paris: LE PALACE DES VOSGES
|Paris: LE PETIT TRESOR
|Paris: CHEZ LA TOUR
|Languedoc-Roussillon: MAISON BLEUE
|Meaux: CHÂTEAU LIVING FRANCE
ds of the Ad
rian Leeds Group, LLC and John Howell of The International Law Partnership Present the…
Living and Investing in France Real Estate Conference
October 11-12, 2008
Chez Jenny, Paris, France
If you’ve always dreamed of spending more time in France, enjoying a "pied-à-terre" of your own in Paris that you can profitably rent when you like, or just make a smart investment in the strong Euro by owning property in France…then this power-packed conference is a MUST. There is no doubt, from the hundreds of others who have attended conferences of this kind and fulfilled their dreams…this weekend in Paris will point you in the right direction to really make it happen!
You will discover…
* Why Invest in Property in France?
* How to Minimize Your Tax and Maximize the Benefits!
* How to Find Your Dream Apartment in Paris or Home in the Country!
* How to Buy and Own Property in France!
* How to Obtain a Mortgage in France!
* How to Reduce Your Currency Exchange Risk!
* How to Learn More About the Best Kept Secret in Offshore Banking and Investing!
* How to Renovate and Rent Your French Property for Profit!
* Plus, answer all the rest of your questions during a Q and A panel with the presenters!
You’ll have an opportunity to ask questions and learn all you’ll need to know to make your dream to live in France come true or how to take part in the profits of owning property there.
Click here for the complete full-day schedule… http://www.adrianleeds.com/frenchproperty/conference/LIF_Paris_2008/schedule.html
Reservations and information: http://www.adrianleeds.com/frenchproperty/conference/LIF_Paris_2008
If you’d like to know more about the conference or reserve your place, email Schuyler Hoffman, Conference Coordinator, at firstname.lastname@example.org
Paris Office 9 a.m. to 6 p.m. Paris Time Phone 1-310-427-7589
TODAY’S CURRENCY UPDATE
Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp: http://www.adrianleeds.com/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.
Compare currency values easily and quickly by visiting:
The charts below are updated every ten seconds.
The prices shown are "inter bank" exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.
Parler Paris Après Midi
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is October 14, 2008, and every second Tuesday of the month.
HOT PROPERTY PICKS: Popular Paris "Places"
Each week French Property Insider features a range of properties which we believe are on the market at the time of writing. These properties are featured in order to give readers a sample of what is currently available and a working example of prices being asked in various regions of France and districts of Paris.
As we are not a real estate agency. These properties do not constitute a sales listing. For those readers seriously interested in finding property in Paris or France, you can retain our services to do the whole thing for you. For more information, visit http://www.adrianleeds.com/frenchproperty/consultation
***Paris, 2nd Arrondissement, 3 rooms, approx. 100m²
Between la Place des Victoires and rue Montorgueil, in a beautiful 17th century building, this apartment is on the first floor. With 4 metre high ceilings, it includes an entrance, large living room, kitchen, two bedrooms, bathroom, toilet.
Asking Price: 885,000€ + 2.5% Finder’s Fee
***Paris, 1st Arrondissement, 5 rooms, approx. 85m²
Near Palais Royal, in a small 17th century building on the third floor. An excellent floor plan with four bedrooms possible. Lovely tile floors plus exposed beams and stone walls — full of charm!
Asking Price: 890,000€ + 2.5% Finder’s Fee
***Paris, 6th Arrondissement, 4 rooms, approx. 79m²
On rue de Furstenberg, two steps from Place de Furstenberg, this apartment is bright with a lovely view. Includes an entrance, large living room, American-style kitchen, two bedrooms, an office, bathroom, shower room and cellar.
Asking Price: 1,990,000 € + 2.5% Finder’s Fee
LEASEBACK NEWS FROM IMOINVEST
JARDINS DE LA MARJOLAINE
France, Atlantic Coast, Bordeaux
Two Bedrooms 67m² to 74m² €217,000 to €235,000
Three Bedrooms 85m² to 106m² €282,000 to €360,000
Four Bedrooms or More 128m² to 131m² €445,000 to €445,000
EXPECTED RENTAL INCOME UP TO: 4.00%
Beautiful port city in the southwest of France and the capital of the Aquitaine region, the Bordeaux region offers a wealth of activities, from colorful gardens, medieval museums, casinos, beaches and golf courses to music festivals and riverboat excursions. Boasting an ideal climate moderated by the Gulf Stream, tempered by the Atlantic Ocean, with the tallest sand dunes in Europe and the forest of the Landes providing a natural wind barrier protecting the vineyards.
In the heart of Bordeaux center ideally located close to historic sites and a short distance from shopping streets, Residence Jardins de la Marjolaine is a new build development offering complete harmony between the urban and nature. The property site offers a unique placement, on the corner of a residential street with an interior park, privatized and protected for residents only. Comprising 200 apartments, including lofts, duplexes and rooftop penthouses, this project is expected to be Bordeaux’s most luxurious addition for 2008! Each apartment will benefit from a private balcony, terrace, loggia or private garden.
Investors have the option of purchasing an apartment as a principal residence or as a Buy-to-Let purchase with the intention of earning an insured rental income. Most French real estate professionals agree that France will need 1 million new homes by 2030! In addition, the 2006-2007 year witnessed average sale prices for apartments per square metre in Bordeaux rise from 1997 euros per sqm to 2191 euros per sqm. France is a stable country with a legal system that ensures real estate investors’ rights are very well protected. Interest rates are also attractive, currently around 4%, and financing is available for those who qualify up to 80% of the purchase price.
SEEKING A MORTGAGE IN FRANCE?
When you make a purchase as important as a piece of real estate in a foreign country, you want to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment dec
font face="Verdana" font size="2">Let us help you secure a mortgage in France at a competitive interest rate. Visit http://www.adrianleeds.com/frenchproperty/loan for more information or contact Loan@AdrianLeeds.com
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Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the "seal of approval" from Parler Paris Apartments and me, Adrian Leeds.
Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!
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ler Paris Apartments is administered and serviced by the same great team as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.
La Terrasse du Temple
Rue du Temple, 3rd Arrondissement, Le Marais
One-Bedroom with Air Conditioning, Sleeps up to 4
This newly renovated air-conditioned apartment, located in a 16th-century building, is an immaculate and calm one-bedroom oasis in the heart of Paris. Bright and luxurious, La Terrasse du Temple offers all the comforts of home in a well layed-out 35 square-meter package…
Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/temple.html
or email: Apartments@AdrianLeeds.com
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Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com