Life After the Revolution
Place de la Bastille
Photo by Erica Simone
(FOR SUBSCRIBERS ONLY)
July 6, 2006
Bonjour French Property Insider Subscriber,
With American Independence Day behind us and the French Independence Day ahead of us, it is only logical that we should focus our attention on the area around that very spot where the prisoners were released, symbolizing freedom for the French people — La Bastille. Many 17th and 18th-century buildings remain in the area, have been gentrified for one of the nicest parts of the city to hang your hat, whether for a week, a month, a year or a lifetime.
Today’s issue honors this important part of the City of Light with a few apartments on today’s market that anyone would love owning to illustrate our point.
You will also find important information on the latest lending rates by Crédit Foncier; important questions answered by legal advisor, Jean Taquet; economic predictions and a contest or two you can enter to be a winner.
Important news by FPI is our upcoming two-day Living and Investing in France Conference scheduled for September 16 and 17 in San Diego, California. In those two days, you will learn how to…Obtain the right to be in france!, earn a living in france and start a business!, buy and own property in france!, profit from the leaseback program, corporate housing in paris (CHIP) and other investment property programs!, find your dream apartment in paris or home in the country!, get a mortgage!, minimize your tax and maximize the benefits!, rent your french property for profit!, renovate your french property!, reduce your currency exchange risk!, cross the cultural divide!, plus, have answered all the rest of your questions during a Q and A panel with the presenters.
The knowledge you will gain in such a short time and so little an investment will put you in the right direction and light the way to avoid the pitfalls, of which there are many!
"En plus," this is your opportunity to extend your Summer vacation by enjoying the perfect weather and sandy beaches of Southern California. You can bet I’m bringin my bathing suit!
For more information, read on or click here: http://www.adrianleeds.com/parlerparis/liveinfrance/LIF_SD_2006/LIF_SD_2006_home.html
Hope to see you there…and here in Paris, too!
Editor, French Property Insider
P.S. Don’t forget to mark your calendars for next Tuesday’s Parler Paris Après Midi gathering from 3 to 5 p.m. at La Pierre du Marais. Visit http://www.adrianleeds.com/parlerparis/apresmidi.html for more information.
P.P.S. There will be no FPI issue on July 27th for Summer vacation. I’ll be gone July 21 – 30, 2006, so if you’d like to rent my personal Marais apartment, I’m making it available to readers for only 1000€ for all ten days! Pictures and more details available here: http://www.adrianleeds.com/parlerparis/apartments/rentals/leeds.html
Volume IV, Issue 27, July 6, 2006
In this issue:
* A Bit of Bastille History
* July Lending Rate Update
* Jean Taquet Tackles Resident and Rental Issues
* The Truth About OECD Property Stats
* Finding Your Place in the Sun…On TV!
* Enter to Win in the Tour de France Contest
* Living and Investing in France Conference, September 16 & 17, 2006, San Diego
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: July 11, 2006
* Hot Property Picks: Beautiful Bastille Buys
* Leasebacks: Residence de la Baie, France, Brittany / Normandy, Audierne
* Classified Advertising: Leeds Marais Apartment, "Le Provençal" Studio: Available as of August 2006, Parler Paris Apartments
Life After the Revolution
By Adrian Leeds
The storming of the Bastille on July 14, 1789 symbolizes the French Revolution and celebration of this date, known as "Bastille Day" is the biggest annual event in France. Events start on the 13th with the Bals des Pompiers at "casernes" all over France, leading up to the annual parade on the Champs-Elysées, and finishing with fireworks at the Eiffel Tower. (The best listing I’ve found for complete information on all the Bastille Day events is at http://www.fra.cityvox.fr/)
The story goes that after hours of combat, the insurgents seized the Bastille prison, killing the governor, Marquis Bernard de Launay, and several of his guards. Although the Parisians released only seven prisoners (four forgers, two lunatics, and a sexual offender), the Bastille served as the symbol of everything hated under monarchy.
The prison was actually a small fort, the Chastel Saint-Antoine, which had been standing for centuries at what was then the eastern city limit of Paris. The name itself was actually a nickname applied by Parisians, alluding to its location in a rather run-down and marshy part of town right in front of a big ditch, the Fossé de Paris, which today remains as the Canal St. Martin and the Bassin de l’Arsenal.
A pile of stones is all that remains of the Bastille. These remains have been moved from their original location next to today’s Place de la Bastille to Square Galli, about 500 meters southwest of the original location.
Place de la Bastille was created later, in 1803. It included a fountain in the shape of an elephant, which is referred to by Victor Hugo in his novel "Les Misérables." The 24-meter high fountain was removed in 1847 and the only monument still standing on the square is the Colonne de Juillet, a column commemorating another revolution in 1830.
The imposing Bastille Opera building was opened on July 14, 1989 during the bicentennial celebrations of the French revolution. It was part of the "grand projects" initiated by the former French president Mitterrand and seats 2700 people. The design by Carlos Ott, chosen from 750 entries in an international competition, has elicited much controversy over it’s stark contrast to the environment.
Place de la Bastille acts as the pivot point for three very different districts: 4th, 11th and 12th. It is also a center of activity with an abundance of restaurants, shopping and entertainment.
The 4th arrondissement, which also comprises the Ile St. Louis and half of the Ile de la Cité, was gentrified long before the others and is today one of the most expensive and desirable areas to live in or rent vacation apartments.
The 11th and 12th arrondissements are still under gentrification and has created thriving areas with an energetic café and nightlife in the Faubourg St. Antoine neighborhoods. On Thursdays and Saturday, the largest open-air market of Paris takes place along boulevard Richard Lenoir in the 11th. In the 12th, the Viaduc des Arts, once a railroad viaduct, now contains artisans’ workshops and boutiques with an elevated "Promenade Plantée" overhead that offers strollers and joggers a green space above the fumes of daily traffic.
An oasis amid the bustling activity right on the Place, is the Cour Damoye, a narrow cobblestoned street that runs from the Place to rue Duval. It had been built on the lands of the "grand bastion Saint-Antoine," a part of the old Bastille castle. In 1780, the old King’s ’archers’ barrack had been bought by Nicolas Damoye, an administrator of the city, who rescued the doors, the windows and the chimneys. "La Cour Damoye" had been occupied by scrap merchants and other "auvergnats" ragmen till 1816 when it had been purchased by a family who still owns it. In 1914, it was the place where cart wheels were repaired. Today it is home to architects, graphic designers, advertising agencies, art restorers and other artisans in ateliers on the ground level; apartments above, including FPI reader and client, Jan Hanson.
As an area to call home, the radius around La Bastille can be one of the most pleasurable and convenient — to the Gare du Lyon and Gare d’Austerilitz, access to three Métro lines and eight bus lines and for drivers there is easy access to the quays and ring road Péréphirique).
Rental returns in the area, particularly in the 4th arrondissement can be excellent, but in the 11th and 12th districts, you can achieve a better return on investment, provided the location is directly adjacent to the Bastille.
See several properties for sale around La Bastille in today’s FPI.
July 2006 Lending Rates
|Program||Down Payment 30%+||Down Payment 20%|
|* FONCIER IMMO PLUS|
|6 to 25 years||3.25%|
|Ceiling rate for calculating monthly repayments||4.75%||4.75%|
|Margin||1.20% (1.30% for loans < 115000)||1.30% (1.70% for loans < 115000)|
|* FONCIER GENERATION I: fixed rate the first 3 years|
|6 to 25 years||3.70%||3.70%|
|Margin||1.20% (1.30% for loans < 115000)||1.30% (1.70% for loans < 115000)|
|* FONCIER TRANSFORMABLE (interest only)|
|15 to 20 years||3.60%||3.60%|
Arrangement fees: 1% up to 76,220€ + 0.30% for the rest of the loan amount
Insurance rate: 0,252%.
These rates apply to loan amounts up to 230,000€.
For loan amounts exceeding 230,000€ rates are negotiable: please contact us.
This document is for information purposes only and is not a contractual document. These interest rates are applicable during the above mentioned month, and for clients not already in process.
FONCIER IMMO PLUS
* From 6 to 25 years + pre-financing period if applicable
* No pre-payment penalty after 5 years
* Fixed rate the 1st year and then indexed on 3 months Euribor + margin
* In case of variation, the adjustment is:
In the first place, made over the duration which is reduced if the rate goes down and extended if the rate goes up (maximum extension: 20% of the initial duration)
As a consequence, the monthly repayment remains absolutely the same.
Only in the second place, the adjustment is made on the monthly repayment.
In order to work out the monthly repayment, the rate applicable cannot exceed initial rate + 1,5% (= ceiling rate to work out monthly repayments).
FONCIER GENERATION I
* From 6 to 25 years + pre-financing period if applicable
* Fixed rate for the first 3 years of amortization, then indexed on 1 year Euribor + margin
* In case of rate variation, same adjustment as IMMO PLUS
* No pre-payment penalty after 5 years
How it operates: the loan finances up to 100% of the transaction, while the down payment is placed onto a saving vehicle and will refund the capital upon expiration of duration.
* First period of interest only repayments, over 15 to 20 years + amortizing period possible, up to 10 years.
* No compulsory additional down payment onto the saving vehicle for the first 8 years, and not after the first 8 years either, if the vehicle is growing sufficiently to repay the capital at due date.
* Fixed rate for the 1st year, then indexed on Euribor 1 year + margin.
* Partial or total switch possible after 1 year into an amortizing loan.
* No pre-payment penalty after 5 years.
If at the end of the first loan period the borrower wishes to keep the vehicle for saving purposes (instead of redeeming the capital), he/she has the possibility of extending up to another 10 years the repayment of the capital, on an amortizing basis.
Editor’s Note: For more information, visit http://www.adrianleeds.com/frenchproperty/consultation/mortgage.html or contact Federica Viero, Senior Customer Advisor: firstname.lastname@example.org
Practical Answers for Living in France
By Jean Taquet
July/August 2006 Column
Carte de Resident Concerns and Cellar Situation
I have been holding a carte de resident for many years and a few years ago I was laid off. So I decided to move back to the USA to see if I could live there again. I held a couple of jobs before starting a consulting practice in California and have been quite successful with i
t. Without realizing it, I’ve
ended up being an American working in the USA and paying my taxes there while maintaining my French immigration status. I lost a limb a long time ago while I was living in France and therefore I receive some subsidies from the Caisses d’Allocations Familiales (CAF) and because of this I have always been faithful to my French doctors. I spend about six to eight weeks every year in France but not simply for my annual check-up, and I have always kept my mailing address in Paris. The rest of the time, I have this address rented as a vacation type of rental. By continuing like this could there be a problem with my medical coverage or the subsidy that is paid to me?
I am glad that you are getting concerned with this before it is too late. The main issue here is that as a carte de resident holder you have the right to reside in a foreign country up to three years without losing French permanent residency. The French system as well as a clean application of the Franco-American treaty demands that you clearly define where is your anchor in life. The legal term is your primary residence. Without realizing it, you have probably sent conflicting signals about this these past years and it is now crucial that you square this matter in such a way, that lifestyle and your professional life do not interfere with your legal and fiscal residency. So your first goal is to avoid losing your French immigration status which allows you to keep your French health coverage. The first step is to resume declaring your worldwide income in France as a normal French resident. Also you should check that your fiscal file states that you are a French fiscal resident. The reason is simple: when your carte de resident comes up for renewal, it is possible that the prefecture will ask you to produce all your French income tax statements. If you have seven or more then you pass and you can renew. If you have less, then you lose the right to this card and must start the entire immigration process from scratch which means asking for an immigration visa. The second step is to find a way to make you "work in France" and you should find the appropriate lawyer who can help you secure this French working status while limiting the cost of working in France, which is quite expensive. The third step would be to check with the French fiscal authorities if and how you can fill out your French income declaration for tax purposes for the previous years if you have exceeded three years without declaring. The fourth step is to review your lifestyle so that you act naturally without creating confusion regarding your legal and fiscal status.
Considering what is at stake here, I strongly advise that you retain first an international fiscal expert since just about the entire issue deals with your liability with the French fiscal system which you have ignored for some years.
On a more personal basis, I would like to stress how important it is for you to look at your situation with a positive attitude. You were successful in getting back to work and making the money you need to live on. Your current problems come from the fact that you were successful and you acted the way that seemed the most normal to you. Looking at your situation that way will greatly help you efficiently fix this situation. All the professionals can do is as much a good job as you allow them to do. Good luck.
I am renting a very nice apartment in the 6th, and the lease states that I have the use of a cellar ("une cave"). After months of asking the landlord, the agency, and the realtor, I finally got a key, which ended up giving me access to the basement where the cellars are and a map, which showed where I could have had a cellar, since all there is, is a sizable open space full of junk with no partition walls, no doors. The letter which came with the key stated that he had fulfilled all his obligations. I feel totally insulted, and I need a real cellar since I rented the apartment furnished, and his stuff is pure junk, and mine is coming from the U.S. and is already on the boat. Do I have any recourse?
Your question shows that there are still landlords in France who think that renting so-called "furnished apartments" means daylight robbery and getting away with it. In this case, I believe you can rather safely get what you need since you did not get what you signed for. The lease, like all contracts in France, must comply with French law. Based on what you tell me, the monthly payment you make to him should include the use of a cellar, which is clearly stated as one of the features that has been rented to you. A junkyard in a basement does not qualify as a cellar, no matter what your landlord states; to start with, you should have the private use of the said space, which is clearly not the case. His wrongdoing will never allow you to respond in the same manner without making you liable against him. So rather than unilaterally decreasing the amount of the monthly rent or paying the difference in an escrow account, which are clear violations of the lease, you should take a much longer path, which will keep you legal the entire way.
The first step should be to precisely evaluate your loss, and I can see two ways of doing that. First option: how much would it cost to rebuild the cellar, since he gave you the floor plan? Second option: how much would it cost monthly to rent an equivalent storage space with one of the companies specialized in storing for individuals? The first letter to your landlord should state that you still consider that you do not have the proper usage of the cellar and that you are submitting to him two types of solutions: either rebuilding it, and enclose a few estimates stating the total cost, broken down among the goods, labor, taxes, and so on, or renting a storage space from a professional, and also enclose a few estimates, and ask him to choose the solution he wants. I doubt that you will get a satisfactory answer, if any. You might even get a rather unpleasant letter threatening you with all kinds of things, stating all kinds of obligations you are not fulfilling yourself, and the so-called excellent reasons for his behavior. In the meantime, you should hire a "huissier" (bailiff), who will make a complete description of the state of the premises in the basement and, specifically, your absence of a cellar. You might think that this is money wasted and that you do not need it. On the contrary, this statement will become the cornerstone of your action. If you do not receive a satisfactory answer from the landlord, then you make the choice that best suits your needs and start contracting with these professionals. Regardless of the chosen solution, you must only use above-board, repu
professionals, and make sure that all your payments are properly recorded and documented and keep proof of all of them. The next time you pay rent, you deduct the cost and send the balance, if any, and you enclosed a copy of the huissier’s statement and the proof of all your payments. There should also be a cover letter, which should be drafted by a professional, which will state the terms and conditions of the lease, that the landlord defaulted on one condition, that a sworn, official witness proves for sure the reality of the said default, that you have suffered a loss of a certain amount, as such fully documented, and, therefore, you are rightfully claiming your compensation. At this point, for sure, you will get a response, and he might even file in court for your "breech of contract." As long as you strictly comply with the above guidelines and you have all the mail (correspondence and paperwork) regarding this matter, drafted by a professional, then your liability in this matter is either extremely low or nil. If it goes as far as a hearing, then you can explain to the court that you experienced serious pain and suffering during all these months, and you could get some money for that. Under no circumstances should you act without professional counsel; this matter deals with precise legal concepts and procedures. In any case, this plan should grant a solution that well suits your needs. Good luck.
Jean Taquet is a French jurist and associate member of the Delaware Bar Association, specializing in civil, criminal and commercial law. He frequently gives courses about the legal system in France and regularly speaks at the Living in France Conferences in the U.S. and Paris.
He is also well known for his informative Q and A columns in past Paris Voice magazines, which can be purchased in one document as "The Insider Guide to Practical Answers for Living in France," available at http://www.insiderparisguides.com/answers/index.html (Don’t forget, you get a discount as a subscriber!)
To subscribe to his monthly newsletter, email Jean Taquet at email@example.com
To make an appointment with Jean Taquet for his consultation services:
Phone: Cell: 06.16.81.48.07 or email firstname.lastname@example.org
To read this month’s column in it’s entirety, click here:
Word On the Street: It’s Good News from Our French Friends – But Utterly Misleading, Non?
By Edmund Conway, The Daily Telegraph Economics Editor
As someone whose job it is to take the temperature of the economy from time to time, I spend most days fighting my way through a barrage of statistics. These are usually pretty drab. But every now and then a set of numbers is published which is either fantastically interesting and insightful, or completely misleading and wrong.
Even more rarely, there are statistics that fall into both of these camps, and this is what has happened with something published recently about house prices. It’s some tantalizing research from the highly respected Organization for Economic Co-operation and Development (OECD).
The Paris-based institution has worked out that the probability of a house-price crash is barely one in 20, and that Britain is far less likely to see property plunge than most other countries. Reassuring, non?
Even more exciting is their finding that Britain will still be pretty resilient even if the Bank of England yanks up interest rates in the coming years.
After inserting all manner of economic statistics – including employment figures, GDP estimates and so on – into their computers, the OECD proclaimed that there is only a 4.6 per cent probability of house prices crashing. If house prices carry on rising at a similar speed to recent months and the Monetary Policy Committee raises interest rates by another percentage point to 5.5 per cent, the probability will rise to just 5.4 per cent.
All of this sounds pretty encouraging – particularly if you remember that, not so long ago, some economists were saying the chances of a crash were more than 30 per cent.
It’s a sign, if ever one were needed, that the recent "soft landing" engineered by the Bank of England has dramatically reduced the danger of a potential crash.
Britain’s fate looks all the more rosy when set against those of our neighbours. Under similar conditions, the OECD finds that Denmark, France, Sweden and New Zealand are almost certainly heading for a crash.
Now, the OECD has a good reputation for its statistics. It is, after all, the self-proclaimed referee of the world economy. But I fear in this case it might have missed the ball. For while the report makes use of a lot of important criteria – for example, examining the way higher unemployment or lower economic growth hits house prices – there are major flaws. It puts too much emphasis on price growth in the past year and does not even take into account how affordable house prices are.
If either of these two key factors were included in the research, I’m afraid the likelihood is that the probability of a house-price crash in Britain would be considerably higher. After all, as I’ve said before, house prices look high when compared either to incomes or to rental yields.
And making assumptions about the property market based largely on its performance in the past 12 months can be misleading. For example, the study puts such a high probability on a house-price crash in places like Denmark and France because prices have jumped so much in the past year.
That is not to say those perc
entages I qu
oted above are useless. They show that the outlook for the market has improved recently. But they ignore the fact that prices are too expensive for many people. Some other research released this week shows that home buyers are insisting on sizeable discounts on asking prices.
The chances of a crash may be shrinking, but I wouldn’t expect asking prices to gain much altitude for a while yet.
Calling Potential Paris Property Investors!
You Could Appear on TV in "A Place in the Sun: Home Or Away"
"A Place In The Sun: Home or Away" is a top property program that helps people to re-locate or find their perfect holiday home either in the UK or abroad.
The potential investors who are fortunate enough to take part in this program will be provided with a team of top foreign and U.K. property experts who will source the perfect property for them. The only catch is they have to be torn between buying in the U.K. and abroad!
"A Place in the Sun/Home or Away" is currently looking for people interested in purchasing property in and around Paris. If you’re interested, please contact Casting Researcher Natalie Long at 0161.235.6578 or email email@example.com as soon as possible. And be sure to tell her you read about it in French Property Insider!
France, Let’s Tour Again Contest!
Be the winner for the next year’s Tour!
Register now and you could win one of 5 Air France tickets, 6 land packages or the grand prize — a trip for two to next year’s Tour de France in Paris. Follow the Tour de France and win!
Between July 1 and 21, 2006, play the France, Let’s Tour Again! game and you could win one of the 21 daily prizes (one for each stage) or even the grand prize, a trip for two to Paris, the finish line for the 2007 Tour de France.
Click here for more information: http://tour.maisondelafrance.info/email/eblast.php
Adrian Leeds, Parler Paris, French Property Insider and John Howell & Co. Present the…
Living and Investing in France Conference
September 16 & 17, 2006
Sheraton Suites San Diego
San Diego, California
If you’ve always dreamed of moving to France, starting a new life in Paris, enjoying a "pied-à-terre" of your own part of the year or perhaps investing in property in France, this power-packed conference is a MUST. Hosted by Adrian Leeds, Editor of the Parler Paris Nouvellettre® and French Property Insider weekly e-zine and John Howell, lead attorney for John Howell & Co., Law Overseas, London, these two days in San Diego will arm you with all the information you need to make it happen!
The Conference Location
Sheraton Suites San Diego
701 A Street · San Diego, California 92101
Phone: (619) 696-9800
There is nothing else you can do in less time and as inexpensively to learn all you need to learn to make your dream to live in France come true than take advantage of this 2-Day power-packed conference with expert speakers from France, Europe and the U.S…
Hosted by Adrian Leeds, Editor of Parler Paris and French Property Insider, director of French Property Consultation, author of the Leeds Good Value Guide to Paris Restaurants and co-coordinator of the Parler Parlor French-English Conversation Group!…
You will learn how to…
* Obtain the Right to Be in France!
* Earn a Living in France and Start a Business!
* Buy and Own Property in France!
* Profit from the Leaseback Program, Corporate Housing in Paris (CHIP) and Other Investment Property Programs!
* Find Your Dream Apartment in Paris or Home in the Country!
* Get a Mortgage!
* Minimize Your Tax and Maximize the Benefits!
* Rent Your French Property for Profit!
* Renovate Your French Property!
* Reduce Your Currency Exchange Risk!
* Learn the Language!
* Cross the Cultural Divide!
* 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.
• John Howell, Europe Law Solicitors and International Attorneys
• Adrian Leeds, Editor of Parler Paris and French Property Insider
• Ruth Mastron, Co-Author of Au Contraire, Figuring Out the French and Vice-President of SoCoCo Intercultural
• Douglas Johnson, Moneycorp Currency Brokers
More to come…Get to Know the Conference
• Coffee Breaks Mid-Morning and Mid-Afternoon
• Cocktail Reception
• Workbook and Reference Materials
• Parler Paris Canvas Tote Bag with Free Gifts from Paris
Earn $100 When You Refer Your Friends!
Refer your friends, as many as you like, to attend the Living and Investing in France Conference. For each one that registers at the full price of $797, you will receive $100 off your registration*!! Refer 8 friends and you will be able to attend virtually free of charge!!
FIRST PERSON CONFERENCE
Yes, sign me up NOW for the Living and Investing in France Conference in San Diego for one person at $997!
Early Bird Registrations and Subscribers of Parler Paris, French Property Insider and Clients of John Howell & Co. — Save $200! First Person Pays Only $797
SECOND PERSON CONFERENCE
Yes, add my spouse, partner or friend NOW to attend the Living and Investing in France Conference in San Diego at an additional $847!
Early Bird Registrations and Subscribers of Parler Paris, French Property Insider and Clients of John Howell & Co. — Save $200! Second Person Pays Only $647
EARN $100 WHEN YOU REFER YOUR FRIENDS!
Refer your friends, as many as you like, to attend the Living and Investing in France Conference. For each one that registers at the discounted price of $797, you will receive $100 off your registration*!! Sign Up Your Friends and Earn $100!
*A credit will appear on your credit card account from the Adrian Leeds Group, LLC, for each of your friends who regsiters with us at the conference at full price!
Property Consultation, Search and Relocation Solutions
Visit our new site!
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.
FPI Offers More Relocation Solutions!
Moving to Paris? Our experienced relocation expert will make your move easy and hassle-free. We offer complete property and relocation services normally only provided by employer hired relocation firms…but at a price much more affordable for individuals.
Download Complete Brochure
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
NEXT MEETING: July 11, 2006 AND EVERY SECOND TUESDAY OF THE MONTH, 3 p.m. to 5 p.m.
This is your opportunity to m
eet every 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.
Upstairs at La Pierre du Marais
96, rue des Archives at the corner of rue de Bretagne, 75003 Paris
Métro Lines 9, 3 et 11, stations Temple, République or Arts et Métiers
HOT PROPERTY PICKS: Beautiful Bastille Buys
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, 11th Arrondissement, 3 rooms, approx. 65m²
On the fourth floor of a beautiful recently renovated residence. This apartment is in excellent condition and has a large living room, American style kitchen, 1 bedroom with the possibility for 2, bathroom, toilet. Balcony, parking and cellar, plus many lovely features. Southeast exposure.
Asking Price: 398,000€ + 2.5% Finder’s Fee
*** Paris, 4th Arrondissement, 3 rooms, approx. 70m²
Lovely cut stone building, fifth and last floor with a wonderful view. Renovated and in great condition, includes large living room, separate and fully equipped kitchen, bedroom, bathroom, walk-in closet, toilet. Features wood floors and moldings.
Asking Price: 570,000€ + 2.5% Finder’s Fee
*** Paris, 4th Arrondissement, 6 rooms, approx. 115m²
Near Bastille, in a beautiful cut stone building with elevator. Fourth floor with a great view, includes and entry, large living room, 3 bedrooms, fully equipped kitchen, bathroom and toilet, cellar.
Asking Price: 995,000€ + 2.5% Finder’s Fee
*** Paris, 11th Arrondissement, 5 rooms, approx. 140m²
Place de la Bastille, in the Cour Damoye and facing the Opera Bastille. In a old restored building, this apartment has a double exposure and many beautiful features.
Asking Price: 1,185,000€ + 2.5% Finder’s Fee
LEASEBACK NEWS FROM IMOINVEST
RESIDENCE DE LA BAIE
France, Brittany / Normandy, Audierne
One Bedroom 28m² to 42m² €113,000 to €164,000
Two Bedrooms 37m² to 42m² €161,000 to €209,000
GUARANTEED RENTAL INCOME UP TO: 3.75%
OCEAN VIEWS FROM YOUR HOLIDAY RESORT
The fantastic landscapes of the Emerald Island Coast, the Island of Crozon and the beaches of La Baule. Audierne, a charming seaside resort with its picturesque narrow streets, fishing port and marina, enjoys an exceptional location at the mouth of the Goyen, facing the ocean. Ideally located only 15 minutes from Quimper and Benodet. The Quimper-Pluguffan Airport is only 25km from the residence. The fishing port and marina are in the heart of the town as well as local restaurants and shops.
New build resort facing the ocean only 700m from the harbour and the city centre and only 300m from the region’s most beautiful white sand beaches. The development will comprise 72 apartments with high quality fittings and marine-inspired furnishings and decoration. Most apartments enjoy a view over the ocean and have individual parking. The existing a
lleyways with staircases bet
ween the buildings have been preserved allowing for an even better enjoyment of the panoramic views over the sea. The resort boasts Breton-inspired gardens, a heated outdoor swimming pool and a landscaped car park. The region offers several golf courses and numerous water based activities.
This is an excellent opportunity to take advantage of extremely fair prices for an area that is internationally renowned and absolutely solid in terms of capital appreciation. Owners have the opportunity to vacation within the residence concerned with a reduced rental income. Rental yields range from 2.25%-3.75% depending on the investment package preferred. As with all Leaseback properties, the residence will be fully managed guaranteeing a hassle-free investment and a 19.6% immediate VAT discount.
SEEKING A MORTGAGE IN FRANCE?
Let us help you secure a mortgage in France with interest rates as low as 3%. Visit http://www.adrianleeds.com/frenchproperty/loan for more information.
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:
Order more than one guide at a time and you will receive an additional discount!
THINGS YOU NEED TO KNOW
To access password protected pages: click on any of the links on the left panel of the home page of FrenchPropertyInsider.com under "Subscriber’s Only," then type in your personal username and password.
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
To receive your free French Leaseback Report or the Paris Property
Report, click on
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/
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PARLER PARIS APARTMENTS
Parler Paris Apartments is finally up and running! It’s just the beginning…as we put the finishing touches this Summer on a collection of vacation rental apartments in Paris that have our "seal of approval." Keep your eye out for new additions to the site and new ways of making it more and more user friendly, as well as adding properties you will love calling your home in Paris.
* Available in its entirety July 21 – 30, 2006, rent the personal Marais apartment of Adrian Leeds for only 1000€!
Located in a 17th century Le Marais Hôtel Particulier, this 70 square meter two-bedroom apartment with lots of light is nicely furnished and is perfect for up to 4 people when she’s traveling. Take advantage of this special offer while she is vacationing this Summer. One low price of 1000€ lets you stay up to 10 days. Includes high speed Internet access, free international calling, housekeeping one time per week and all linens.
Pictures and more details available here: http://www.adrianleeds.com/parlerparis/apartments/rentals/leeds.html
* "Le Provençal" Studio: Available as of August 2006
Located in a very charming and quiet 18th-century building in the heart of Le Marais, this sunny studio is perfect for one or two seeking ultimate Parisian calm, flavored with the beautiful colors of Provence.
Pictures and more details available here: http://www.adrianleeds.com/parlerparis/apartments/rentals/provencal.html
SUBSCRIBE TO PARLER PARIS
If you’re not a regular reader of the Parler Paris daily e-letter, and would like to be, simply enter your e-mail address here (it’s free!): http://www.adrianleeds.com/parlerparis
opyright 2006, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com