From the Sands of Nice to the Snow of Chamonix
The Sands of Nice
(FOR SUBSCRIBERS ONLY)
March 27, 2008
Bonjour French Property Insider Subscriber,
Today we take you from the sands of the south — to Nice — to the snow of the Alps — to Chamonix. Winter may be a great time of year to spend on the slopes, but the Summer is a great time to buy while the snow is melted away. The same is true for Nice in reverse. Buy while the weather is brisk, but enjoy the Summer on the sand. Both parts of France offer resort activities and good rental capabilities.
On the subject of money, BPI has a new additional bonus to their latest concept, that finally has a name — the Zero Plus Loan Option. This is the solution to the weakening dollar — if you take advantage of it now, you’ll be able to invest in the strong euro with no currency exchange risk.
On a humorous note, with some important tips on how to have a leg on each side of the big pond (the Atlantic Ocean), we reprint a recent Parler Paris newsletter titled "Mona Lisa Takes the Leap" — along with the responses it elicited from a few of the readers about what it’s like to live in both places.
The Eurostar makes news again, since it’s making it so easy for the British to view Paris as a suburb and vice-versa, plus we’ve added a tip on how to book your tickets at the lowest fares.
Don’t forget, you have until March 31st only to book property consultation services at dollar rates, redeemable between now and June 30th, 2008.
Editor, French Property Insider
P.S. Have a look at our newest luxurious two bedroom vacation rental apartment from Parler Paris Apartments!…"La Bonne Nobel" in Montmartre! Reserve now!: http://www.adrianleeds.com/parlerparis/apartments/rentals/nobel.html
Volume V, Issue 13, March 27, 2008
In this issue:
* Get More for Your U.S. Dollar with Zero Plus Loan Option
* Summer is the Best Time to Buy a Snow Property
* Eurostar Brings Europe Closer
* Cheap Property in France
* "Barbies" are the New Property Buyers
* Historic Home in Nice
* Mona Lisa and Your Favorite Side of the Pond
* French Property Consultation Special Offer Ends March 31!
* Purchase a Parking Spot in Le Marais
* Fractional Ownership Solution – Chez La Tour is Half Sold Out!
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: April 8, 2008
* Hot Property Picks: Sand and Snow Homes
* On the Auction Block: April 1 and 15, 2008
* Leasebacks: Balneo Aladin, France, Center / South, Cauterets
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — L’Aubergine
The Zero Plus Loan Option
From Banque Patrimoine et Immobilier
By Adrian Leeds
Banque Patrimoine et Immobilier (BPI), a wholly owned subsidiary of CIF Group Credit Immobilier de France, one of France’s largest mortgage lenders, has taken a very creative approach to eliminating the rate of exchange risk for international customers, and in particular, for Americans who are faced with a weakening U.S. dollar.
As property prices in France increase and the dollar value decreases against the ever-strengthening euro, American investors in France are finding their dollars aren’t stretching far enough to properly invest in their dream Paris pied-à-terre or country home in the provinces. Lenders are scrambling to find solutions. While some alternatives include increasing the loan-to-value ratio (thereby reducing the down payment) or lengthening the term of the mortgage (providing small monthly payments and future flexibility), these are solutions which reduce the amount lost to the unbalanced rate of exchange, but aren’t a conclusive "fix."
BPI’s Director of the International Department, Mary Fort, clearly understands how to "think outside of the box," offering a creative viewpoint on the problem-solution that surpasses any other lender’s product. Not officia
lly a "product," but mor
e a "concept" that until now had no name for which we could call it, the "Zero Plus Loan Option" completely eliminates the rate of exchange loss and stretches the American dollar far further than any traditional loan. Fort first introduced the idea last Fall to her closest clients, brokers and introducers who quickly accepted and helped launch it, even in its infancy.
Working directly with Cholet Dupont, one of today’s most prestigious financial companies in France, one-third owned by Crédit Agricole Cheuvreux, the basic concept is this: A down payment for a property of a certain percentage is held in an interest-bearing account (at competitive interest rates), such as a certificate of deposit, in U.S. dollars, not converted to any other currency, but at the current rate of exchange in euro value. In turn, a mortgage on the property of 100% is provided, and can include if the client wishes, all fees — the agency fees (about 5%), the Notaire fees (about 7.5%), the search fees if any (about 2.5%), renovation work (about 1,500€ per square meter) and even the loan origination fee (about 1% with a cap)!
The percentage of the mortgage to be held in the "portfolio" is a bit more than the standard 20% down for foreign non-residents — from 25% to 30% — and is dependent on how many elements figure into the mortgage. The more extraneous fees, renovation, etc. is included in the total mortgage, the higher the percentage required to pledge to BPI for the life of the loan.
The portfolio is held on account with Cholet Dupont for the life of the mortgage, but as the principal decreases as the loan is paid, so does, in effect, the pledged amount required to be held, therefore, it is possible that one may option to withdraw amounts from the account to repay and fund the loan.
The concept works with any one of BPI’s current loan products: "Soleil," "Diamant," "Arc de Ciel," "Sésame" and "Flex" or any of their derivations. The client has complete freedom to choose which of these offerings suits them best.
For example, the client is purchasing a property of 500,000€
Net cost of the property without agency fees: 475,000€
Agency fees (5%): 25,000€
Notaire fees (7.5%): 35,625€
Search fees (2.5%): 12,500€
Renovation work (1,500€/square meter, 50 square meters): 75,000€
Bank origination fee: 1,500€
Total loan amount (100%): 624,625€
Amount (30%) required to be held in an
interest-bearing account in U.S. Dollars
(at current rate of 1.56): 187,387.50€ or $292,325
If you the same property were to be purchased with a traditional loan, the scenario would look quite different:
Net cost of the property without agency fees: 475,000€
Agency fees (5%): 25,000€
Notaire fees (7.5%): 35,625€
Search fees (2.5%): 12,500€
Renovation work (1,500€/square meter, 50 square meters): 75,000€
Bank origination fee: 1,500€
Total loan amount (80% of the purchase price of the property): 400,000€
Cash outlay for down payment, Notaire fees, etc.: 224,625€ or $350,415
In the traditional scenario, the difference of $125,790 ($350,415 – $292,325) would be lost in the rate of exchange. In contrast using the Zero Plus Loan Option, not only is there less initial outlay in order to make the property purchase, but the money held in the portfolio remains the client’s asset for the life of the loan, compounding with interest and available to fund the mortgage.
The Zero Plus Loan Option is currently available to all customers of French Property Insider. For more information, contact John Rule at French Property Loan: http://adrianleeds.com/frenchproperty/loan/, email@example.com
Brits Warm to a Place in the Snow, But Summer is the Time to Buy
* French Alps are most popular destination
* First three months of the year are busiest for ski properties market
* Savvy buyers should look for their dream chalet over the summer
Alpine destinations are increasing in popularity as buyers look for a "Place in the Snow." The latest Moneycorp Monthly Global Property Hotspots Report reveals January to March is the busiest time for the ski chalet market with more buyers looking towards snow capped peaks in France, Austria, Canada and Italy. At the same time, interest in summer destinations such as Spain and Cyprus is waning. However Moneycorp is warning savvy buyers to wait until the summer when prices drop and there is a far greater choice of properties to choose from.
Based on Moneycorp enquires, France has surpassed Spain this month as the most popular destination to buy abroad. Interest in snowy Austria has also increased by almost 30%. Brits are also flocking to Canada’s year round mountain resorts with 6% of buyers looking to buy in the Rockies.
Mark Bodega, Director at foreign exchange specialists Moneycorp (http://www.Moneycorp.co.uk) who help over 30,000 people buy property abroad each year comments "The French Alps are still top for Brits seeking a place in the snow with France accounting for 26% of all enquiries due to its close proximity and cheap airlines. Prices are higher in well established resorts such as Meribel, Courchevel and Chamonix, but the rental yields also remain consistently high. However buyers should not rush into buying a winter property. It is important for buyers to check out homes in the summer months too and see what was covered up by the snow. Prices are also on av
erage 5-10% cheaper in the summer compared
to January to March."
Frederic Chamouret, Senior Advisor at VEFUK, the French property experts, says "Property prices in the alps have increased by 90% over the last four years as the whole area is a preserved natural park subject to strict French that limit the number of new constructions despite consistently growing demands."
Investors are advised to look at the Southern Alps, which are still widely undiscovered by the British and Irish public who traditionally fly to Geneva. But the map is changing. With Grenoble Airport now offering more flights to the UK and Ireland, local property prices are also rapidly increasing. The area has definite character and feels very different to the ‘classic’ Northern Alps with smaller ski areas, which can be more family-friendly.
"The more canny investors look for smaller villages which are just ‘off the beaten track’ and have recently been connected to large ski areas by ski lifts as they offer good scope for growth while offering a more authentic lifestyle," says Bodega.
Antoine Le Corre from Venturus French Property reminds buyers "It is always important to consider snow reliability. Many resorts, usually at a lower altitude, have encountered real problems resulting in shorter seasons and therefore less revenue."
Moneycorp Top Tips for Buying Your Place in the Snow
* Don’t dive in as soon as you return from your skiing holiday. The first three months of the year are the busiest time for the ski property market. Savvy buyers should search for their place in the snow during the summer when you can probably guarantee a lower price and a far greater choice of properties.
* Look at the altitude of the resort to make sure that the investment is safe and reliable in the long term.
* Make sure the resort has a good artificial snow making system.
* Consider the currency risks associated with buying a property abroad — currency fluctuation can make a huge difference to the amount of money you pay and protecting yourself from these fluctuations should definitely be part of the planning process.
* Currency risks are particularly important if you are buying a property off plan that may take up to two years to complete. By this time the price of your property could be very different if the currency has fluctuated against sterling and your budget may be blown.
* Get information about the past few seasons in terms of snow conditions.
* Find out how many weeks the resort is open in the winter and in the summer in order to establish a rental income plan.
* Get the average occupation rate of the resort or the area for the past few years.
* Be aware of floods avalanches and landslides: check the area surrounding a property for flooding. In a particularly heavy thaw, you will want to be sure you will not loose part of your garden or at worst your property to, to a landslide.
Eurostar Brings French Property Closer to Home
Over the last decade, investing in property overseas has entered the mainstream. It is no longer the reserve of city bankers looking for somewhere to spend their £1 million bonuses. Instead, an increasing number of middle class Brits are using overseas property as a second home or as a supplement for their pension.
If they have owned property in Britain for more than a decade, they are likely to have a decent amount of equity. This frees them up a little when making investments and with transport links improving and high street banks now offering mortgages on foreign property, the opportunity is becoming easier to grasp.
One of the key factors that have driven interest in overseas property has been the explosion of the no thrills airline sector. Cheap flights to Europe and beyond have made it easier for people to travel, which means they can experience foreign cultures and become comfortable enough to make a substantial investment. Once that investment is made, cheap flights enable buyers to visit their properties either to keep an eye on things or use of them as holiday homes.
But it is not just aviation that has made the world, and especially Europe, smaller. The launch of the Eurostar has meant that traveling between London and Paris by train now takes a little over two hours. Customers using the service since the turn of the year will have experienced the revamped St. Pancras International. After a multi-million pound facelift, the station now offers stunning architecture and a champagne bar for any property investors with a new purchase to celebrate.
Eurostar is expecting a bumper Easter, with 160,000 passengers expected to use the service over the Bank Holiday weekend, representing an increase of 20 per cent on last year. That figure could be set to rise still further, especially if air travel becomes more expensive. Pressure is growing on European governments to penalize airlines for their contribution to climate change and the next decade could see an increase in the tax burden faced by short-haul carriers especially.
Such a move would be good news for Eurostar, which has faced significant financial difficulties in the past. If demand remains solid, the firm will be able to provide additional services securing closer ties between Britain and northern Europe.
"Since Eurostar moved to St. Pancras International, more and more people are realizing Eurostar is easier, quicker and greener than flying," Eurostar’s director of communications, Simon Montague, said.
There has been speculation that further improvements in track and train design could further reduce journey times in the future, making homes in France and Belgium not just investment properties, but also principal residences. Commuting from the continent to jobs in London and the south-east of England would not be out of
the question, especia
lly with technology allowing people to work on the move and spend part of the week working from home.
Editor’s Tip of the Week: If you’re booking the Eurostar online, we have a valuable tip for you. Go to Eurostar.com. Be sure that it isn’t "cached" (saved in your Internet memory) so that it’s a fresh first time Web page visit. Your first screen will be http://www.eurostar.com/ and you will choose your country of residence. Choose United States, even if you don’t live there. The search will result in fares in U.S. dollars. Then do this each time in a different browser window choosing France to have fares in euros or U.K. for fares in British sterling. Test the same train schedule using each of the various currencies to see which is less expensive! Today I booked a round-trip to London for less in U.S. dollars than in euros. When I checked again in sterling, it was again a little less expensive for the same train, same time, same day!
Cheap Property For Sale in France
Even with today’s market conditions, it is substantially cheaper to buy a house in France than in the UK.
We have done comparison figures taken over the past 12 months and the results remain amazing.
SE England £443,986; SE France (Provence) £307.889 = difference of 30%
Midlands £275,500; Limousin (Center France) £128,962 = difference of 53%
North £259,176; Brittany (Northern France) £181,064 = difference of 30%
With such a huge differential in prices, the exchange rate problems which can have the effect of adding 11% to the purchase price of a property and a reduced price for your UK property of 0.002% (HBOS figures from February 2007 to March 2007), become pretty insignificant.
With careful financial planning we have ways of potentially lightening the exchange rate problems.
So, get moving now and take advantage of the huge savings available. Never has there been a better time to buy a property in France, some vendors are prepared to negotiate on their prices and there are more houses available than there have been for a long time. Even A Place in the Sun presenter Amanda Lamb told the TV audience last night that France was where she would buy because it is beautiful and because it has the most stable property market in Europe.
New Investor Breed Buy Abroad and Rent in the UK
By Zoe Dare Hall for http://www.landlordexpert.co.uk
A new band of investors is toying with the property market: people who Buy Abroad, Rent in Britain. Zoe Dare Hall finds out why Barbies are waving goodbye to UK home-ownership, lured by offers from overseas.
Meet the Barby, the person who Buys Abroad, Rents in Britain. It is the latest trend to hit the property market. Buying abroad and renting in Britain has been brought about by the rising property market in recent years; typically Barbies are young, first-time buyers who can’t afford to get on to the first rung of the British property ladder, so turn to another country where prices are lower.
Recent research by the insurer Hiscox shows that, priced out of the British market, 40 per cent of young people would consider buying abroad to get on to the property ladder, with 37 per cent of under-35s surveyed fearing that they will never be able to own a home here.
But today’s turnaround in the market, with years of constant and considerable price growth now over for the foreseeable future, is leading to those from an older, wealthier and more property-savvy generation opting to join the Barby set as a considered lifestyle or investment decision rather than out of financial necessity…
To read the entire article visit http://www.landlordexpert.co.uk/index.php?news=1771
In Nice, Their Home Is Their Palace
By Emily Badger for the New York Times
Photos by Richard L. Harbus
Karen and Nakhli Zeidan are certain there is something nomadic in their blood. She is from Indianapolis; he is from a Lebanese town south of Beirut. They met in Saudi Arabia, later moved together to New York, spent a lot of time in Paris. Then there was a sojourn in Hong Kong, a couple of different homes in Tokyo, and now here — Nice.
"Now," Mrs. Zeidan said, "we’re just home wherever we’re home."
This home, though, is a little different. The French government has honored it with landmark status; it even appears in travel books. The Zeidans regularly look out their ground-floor windows to find tourists on self-guided architectural tours photographing it. Also, there is the imposing name: Palais Meyerbeer…
To read the entire article visit http://www.nytimes.com/2008
To view the slide show visit http://www.nytimes.com/slideshow
Mona Lisa Takes the Leap
An Excerpt from Parler Paris
Wednesday, March 26, 2008
By Adrian Leeds
You know the old saying: "Six of one, half dozen of the other?"
Usually that means there’s no difference between them, right? But for all those who either dream it or do it, six months in Paris with a half dozen months in North America can be a pretty perfect scenario. I know dozens and dozens of people who do just that or something similar.
I used to think it was a pretty perfect scenario for myself, too, until one full year in Paris went by and the thought of leaving after that was terrifying. Almost every one who does the Paris-America-Paris-America routine I know starts to lean a little more toward Paris with every trip because while they’re in Paris they are dreading returning and while they’re in America, they’re dreaming of Paris.
Legally speaking, France expects you to have a long-stay visa if you’re physically resident more than 90 days. Those of you who do the back and forth jaunts regularly know better than to complicate your life with a visa that isn’t realistic. Besides, it will take longer than your 90-plus-day stay to accomplish getting it!
And let’s face it, if you’re not earning money here, or taking advantage of the social security system, then every time you step foot on French soil, you’re bringing your foreign sourced income into France and contributing to the economy. If you own property here, you’ve added even more. And who’s going to know if you’ve overstayed by a few days or even a few months? Do you think the authorities are keeping track? And even if they did, do you think they’re going to yank you out of your bed in the middle of night and deport you?
Guess again. Of course, there is the 183-day tax resident law and that’s what they really care about. "If you work less than 183 days in many countries you may be considered tax non-resident if certain other criteria are also met. However even as a non-resident you should normally still be paying tax on the revenue you generate in that country. If you work more than 183 days in most countries, then you will become tax-resident and liable for tax on your worldwide income, i.e. revenue from your work, interest on investments, etc. The ‘183 day rule’ does NOT automatically mean that you can work for 183 days in a new country without paying tax or becoming tax-resident."
However, luckily with France, there is a double taxation avoidance treaty so that you will not have to pay tax on the same income twice.
Here’s a trick question: Is it possible for a person to be resident in two countries that both define residency requirements as maintaining presence in each country for 183 days during a year?
Answer: Yes! Every four years — during a leap year! And this is the year, no? Remember, the year is 366 days long. During a leap year, its possible to be present in two different countries for 183 days. Your accountants are going to have lots of fun with this one!
Culturally speaking, there are even more important issues than money. Coincidentally my sister sent this cartoon of a European Mona Lisa BEFORE (on the left) and AFTER (clearly, on the right) she’d gotten a taste of America. The funny part is, it’s no joke! When I asked my dentist to whiten my teeth, she asked me "Why do you want to look like an American!?" That sent me away with gray teeth thinking maybe the natural European look was better after all.
So, what happens to those who keep a leg on each side of the big pond leaping from one to the other like an agile French frog?
I know what happens. I’ve seen it oh so many times before. In the beginning they enjoy the best of both worlds, and then sooner or later, they start to gravitate to one side. What side?
You already know the answer.
Special Note: Adrian asked readers: "If you are so inclined, in 25 words or less, tell me what your favorite side is and why. Click here to send your email to: firstname.lastname@example.org/parlerparis" See below some of the responses…
My Favorite Side of the Big Pond
Photo by Erica Simone
Wendy: My favorite side is Paris, of course. The attraction is aural: the euuhh auhhh of the sirens, the ouhhhh at the end of a telephone, the friendly ‘Bonjour, Madame’ at the patisserie, the ‘pardon’ in the Métro and so much more…It must have an affect on all of the senses…
Sara: My husband and I have been here for nearly a year and we love it, We are constantly making comparisons. The thing I love the very most is never having to drive a car. That’s the main reason I had to leave L.A. — the choking traffic just gets worse and worse with never any viable solutions. After a while you feel like you are suffocating and wasting your life away trapped in a car…Métro – Heavenly Gardens – Patisseries – Incredible Museums – Gorgeous Architecture – History – Polite, Civilized People – Walk Anywhere, It’s Fascinating – Outdoor Cafes…All the Things NOT in Los Angeles!
Jeanne: France…because the French value quality over quantity in almost everything.
Parking Space For Sale in Le Marais
An unusual opportunity, an FPI reader owns a parking space in a secure modern garage in the Marais, located at the corner of rue au
Maire and rue des Vertus, just near Arts et Métiers.
Underground parking with keyed entry, security guard and elevator.
Asking price: 34,000€ + 2.5% Finder’s Fee. (BMW not included!)
Special One-Time Offer:
Property Consultation, Search and Relocation Solutions
The property consultation services we offer are simple, but comprehensive.
Let French Property Insider expert property consultants find your dream home in France for you. We consult with you to help you make the best decisions, ferret out the finest properties to meet your criteria, schedule the visits and accompany you, negotiate with the agencies and owners, recommend the Notaires and other professionals, schedule the signings and oversee the purchase with you from start to finish! You could never do it so easily on your own. Let us take the time and effort off your hands.
We first work with you during a two-hour initial consultation, one-on-one in person or by phone. It’s designed to help you decide if you’d like to pursue an investment in France and how to best go about doing that. It’s guaranteed to get you on the right footing and alert you to the pitfalls along the way.
If you book the consultation by March 31, 2008, but schedule it no later than June 30, 2008, the charge will be only $290, a savings of 55% off the rate of 290€ which was effective March 1* — a savings of $137.50!
It’s a big bargain when you consider how much you will be spending on this important investment and how important it is to know how to make that investment correctly. "N’est-ce pas?"
But that’s only a small part. There’s more to it.
During the consultation, should you decide to hire our team to help you find a property, that $290 you paid for the initial consultation will, of course, apply toward the advance search fee of 1,450€, a net amount of 1,160€…but guess what? If you book the search by March 31, 2008, but schedule it before June 30, 2008, you won’t pay 1,160€…you’ll pay only $1,160!!! Again, you’re going to save 55% of the rate of 1,160€ — a savings of $638!
In fact, we are making this offer on all our French Property Consultation Services! You can take advantage of the old U.S. dollar rates just by booking any service by March 31, 2008 and scheduling it prior to June 30, 2008!
Click here to download our most recent brochure of services and updated consultation fees effective March 1, 2008: http://www.adrianleeds.com/frenchproperty/consultation/fpibrochure.pdf
And to book your consultation, search, purchase or sales assistance or other property consultation service NOW, BEFORE IT’S TOO LATE, visit http://www.adrianleeds.com/frenchproperty/consultation/booking.html or email email@example.com
*Effective March 1, 2008, all property consultation fees are charged in euro value and may be paid for by credit card in U.S. dollars based on the rate of exchange at http://www.Moneycorp.com on the date of transaction.
Le Jardin Saint Paul
The "Fractional Ownership" Solution Update
By Adrian Leeds
Fractional ownership is a hybrid of direct ownership and time sharing, combining the best elements of both. The primary differences are that while timeshares involve many thousands of shares in a large complex with “resort” amenities and costs built specifically for that purpose, fractional ownership is joint ownership by only a few individuals in a single property whose value can easily be determined on the open market and for which there are very few, if any, resort amenities which must be managed and maintained (and paid for!). For Paris Home Shares, the city of Paris is it’s own resort!
See the Paris Home Shares Fractional Ownership Offerings:
LE JARDIN SAINT-PAUL — ONLY 3 SHARES LEFT!
The months currently available for 2008 are July, August and November.
Those who have purchased shares in Le Jardin Saint-Paul on Rue Ferdinand Duval, 4th Arrondissement, Le Marais, will be happy to know the renovation is complete! As a final touch, the granite counters were installed last weekend.
p>You can view a slide show of photos of the apartment at: http://www.flickr.com/gp/69276774@N00/07R372
To see a virtual visit of the apartment, click here: http://www.digitalive.fr/paris/tour.html
To those who have not yet purchased and are interested in learning more, the price of one share is now 92,000€. Only three shares remain for sale. They won’t last long.
To visit the site describing the property, visit
Apparently, rue Ferdinand Duval, home to Le Jardin Saint-Paul is THE TRENDY street in Paris. The attached article, highlighting rue Ferdinand Duval, was featured in the February 11, 2008 issue of ELLE magazine. We always knew that Jardin Saint-Paul was situated in a great little location. Now, apparently the secret is out…
To read the article in French, visit http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/ferdinand_duval_elle.pdf
NEW FRACTIONAL OWNERSHIP FOR SALE NEAR EIFFEL TOWER
Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Two-Bedroom, 88.1 m2
Half Sold! 99,500€ / ONLY 6 SHARES LEFT!
Available for Use May 2008
Price increase scheduled late February 2008: 109,900€/share
If you would like to receive more information on this apartment, VISIT http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/chezlatour.html
NEW FRACTIONAL OWNERSHIP FOR SALE IN LANGUEDOC-ROUSSILLON
52,500€ for the first four shares / 10 shares available
Available for 5 weeks/year
Maison Bleue is a 3 tiered, 3 bedroom, 3 bathroom village home, with an open living room/dining area and a fully appointed kitchen. The house is furnished with a combination of French antiques, wicker and pine furniture, firm beds, unique lighting, fully equipped kitchen and many decorative items. It also includes Satellite TV, telephone, washer and dryer and all dishware and linens.
If you would like to receive more information on this apartment, visit http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/maisonbleue.html
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 Global Money Services: 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 April 8, 2008, and every second Tuesday of the month.
HOT PROPERTY PICKS: Sand and Snow Homes
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
*** Meribel, House, 3 bedrooms, approx. 114m²
House situated in the heart of the village of Allues. It measures 114m² over 3 levels and includes a living room with fireplace, 3 bedrooms, bathroom and toilet. Fuel heating. Lots of potential.
Asking Price: 460,000€ + 2.5% Finder’s Fee
*** Nice, Villa, 4 rooms, approx. 92m²
In a popular area, this villa is in perfect condition. It has a pool, living room with fireplace, 3 bedrooms, office, garden, terrace, barbecue, garage and cellar.
Asking Price: 560,000€ + 2.5% Finder’s Fee
*** Chamonix, Chalet, 5 bedrooms, approx. 120m²
Chalet des Enversins B is a 5 bedroom chalet nestled in the tranquil residential area of Taconnaz. It enjoys commanding views of the Chamonix Valley. Built over 3 split levels, the chalet offers modern and spacious accommodation with good natural light. On the upper level, there is a large open plan living and dining area with open fire, leading onto the balcony via French doors. Fully fitted modern kitchen. On the middle level is the main entrance and two double bedrooms, a bathroom and toilet. On the lower level, there are three further large bedrooms and a utility room with shower.
Asking Price: 750,000€ + 2.5% Finder’s Fee
Next Sessions: April 1 and 15, 2008 at 2 p.m.
Notaires de Paris
Place du Châtelet
12 avenue Victoria
Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at http://www.encheres-Paris.com/ Though the site has a button for an English version, it isn’t reliable to work.
To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
April 1, 2008
|4 rooms 69,8 m² + parking
62-74 boulevard Garibaldi
75015 Paris 15th
Opening Bid: 260,000€
|3 rooms 52,7 m²
62-74 boulevard Garibaldi
75015 Paris 15th
Opening Bid: 230,000€
|3 rooms 53 m²
20 rue Boyer Barret
75014 Paris 14th
Opening Bid: 230,000€
|3 rooms 45,01 m² occupied
36 rue de la Chapelle
75018 Paris 18th
Opening Bid: 85,000€
April 15, 2008
|4 rooms 124,10 m²
7 avenue Franco-Russe
75007 Paris 7th
Opening Bid: 700,000€
oms 27,06 m²
61 rue des Vignoles
75020 Paris 20th
Opening Bid: 110,000€
|2 rooms 37,11 m²
11 rue de Mont Louis
75011 Paris 11th
Opening Bid: 125,000€
LEASEBACK NEWS FROM IMOINVEST
France, Center / South, Cauterets
Studio 18m² to 23m² €86,000 to €96,000
One Bedroom 26m² to 59m² €120,000 to €240,000
Two Bedrooms 55m² to 73m² €233,000 to €296,000
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME UP TO: 5.20%
LARGEST THERMAL WELL BEING SKI RESORT
Excellent location 75 km south of Pau, halfway between Bayonne on the Atlantic and Perpignan on the Mediterranean Coast. Discover the Pyrenean ski resort with the highest level of snowfall to date, as well as a glamorous thermal and spa retreat center. The charming village of Cauterets is nestled within a small valley at the foot of the Vignemale mountain range, which at 2800 metres is the highest in the Pyrenées region. This is a wonderful base in the summer for exploring the Pyrenean National Park and in winter Cauterets is blessed with abundant snowfall and is usually the first ski resort to open and the last to close.
The four-storey residence is adjacent to a comfortable three star hotel and is well-appointed with a warm and welcoming reception area, a lounge-bar with fireplace, a large children’s play area, a restaurant reputed for its generous buffets, and a balneotherapy center, offering state of the art health and beauty treatments using the water from the natural hot springs. Residents will have access to all the hotel facilities.
- Residence already up and running
– Located in one of the biggest ski resorts of the Pyrenées
– 100 meters away from the ski lifts
– 150 meters away from the thermal spa center
– 3 stars residence with a water therapy center, spa, swimming pool, Jacuzzi, solarium, fitness center
– 11 years lease with strong management company behind the scheme
– Good access from Tarbes airport (50kms away), Biarritz and Toulouse airports, Lourdes TGV station nearby
– Discount off the public rates for all owners
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 decision.
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We wanted better guides.
So we wrote them.
Insider Paris Guides are written for people who love the City of Light. You’ll get a Paris insider perspective on Restaurants… Making a Life… Black Culture… Expat Writers…and the newest guide, Practical Paris!
French Property Insider subscribers receive a discount of 10% off any guide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). Here’s how it works:
1. Click on special Web link we give you just for FPI subscribers.
2. Then order one or more guide(s) and use the promotion
code "ED762." This promotion code gives you 10% off your total
3. If you order two or more guides, then an additional 15% will be
taken off automatically. There is no promotion code needed.
Here is the special "coupon" Web link just for you:
THINGS YOU NEED TO KNOW
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HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
1 hectare = 2.4710538 acres
For more conversions, refer to: http://www.onlineconversion.com/
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!
Parler 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.
One-Bedroom, Sleeps up to 4
L’Aubergine sits tucked away on an historic and quiet Marais "cul de sac," making it an oasis of peace and calm. This second floor apartment (two flights) has two large bright windows that face a classic Parisian courtyard. With digicode, intercom entry system and elevator, it has been completely renovated and professionally decorated to the height of luxury, with a soothing "aubergine" (eggplant) and taupe color scheme. Everything in the apartment is new, from the designer linens and towels, to the appliances and electronics.
Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/aubergine.html
or email: Apartments@AdrianLeeds.com
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Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.co