Lofty Living in Montmartre
View of Montmartre from Sacre Coeur
(FOR SUBSCRIBERS ONLY)
November 9, 2006
Bonjour French Property Insider Subscriber,
Montmartre was once a village on the outskirts of Paris — a tax-free haven for artists and a home to winemakers and cabaret-goers. Today it is every bit as particular as it was more than 100 years ago in spite of its incorporation into the city limits, the tax system and accessibility by Métro and bus. It’s one of the fastest appreciating property areas of the city and is becoming more and more of interest by short term vacation renters. Thanks to quirky Amélie Poulain, it was put back on the map a few years ago and is now one of the city’s most desirable places to hang one’s hat.
Today we offer up a very special property, large and spacious, architecturally designed, in an historically designated corner of Montmartre — La Cité des Fusains. Once an artists’ colony, it’s now a sought-after sanctuary with several rental apartments offered by a variety of different agencies.
Be sure to read today’s issue about this 370 square meter loft, the monumental passage in which it lies, the low but booming average property prices of the district, famous nearby cemeteries where residents rest in peace and history about this charming village on the top of the hill we call Montmartre.
Hot properties offers up other similar lofty spaces on the hill in today’s issue and property news predicts a strong economy and strong real estate market. Meanwhile, smoking in public places is foreseen to be banned beginning in 2007 and there are some good buys to be had at the upcoming auctions.
Editor, French Property Insider
P.S. Rent Le Provençal between November 16 and December 19 at special last-minute rates. Visit http://www.adrianleeds.com/frenchproperty/insider/rentals/provencal.html
for more information.
P.P.S. November 14th is a great day to meet up with us a Parler Paris Après Midi! See http://www.adrianleeds.com/parlerparis/apresmidi.html for more details.
Volume IV, Issue 44, November 9, 2006
In this issue:
* Thanksgiving Day Off for FPI
* France Goes Smoke-Free in 2007
* Strong French Economy Supports Property Market
* Special Loft Offer in Montmartre
* The Secret La Cité des Fusains
* Property Prices in Montmartre
* Montmartre Cemeteries
* All About Montmartre
* Living and Investing in France Real Estate Seminar December 29, 2006
* FPI Property Consultation, Search and Relocation Solutions
* French Property Consultation Concierge Services
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: November 14, 2006
* Hot Property Picks: Lofty Dreams in the 18th
* On the Auction Block: November 21, 2006
* Leasebacks: Villa Pasteur, France, Mediterranean Coast, Cagnes sur Mer
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments, Special Offer on "Le Provençal" Studio
Special Notice: FPI TAKES OFF FOR THANKSGIVING
FPI is afforded two unpublished issues a year. This year we will not be publishing on Thanksgiving Day (as was last year).
CAN YOU IMAGINE FRANCE WITHOUT A HAZE OF SMOKE ABOVE YOUR HEAD?
France to Stub Out Smoking in Public From 2007
PARIS (Reuters) – France will ban smoking in most public places from February 1, 2007 and also in bars, restaurants, hotels and discotheques less than a year later, Prime Minister Dominique de Villepin said on Sunday…
France moves to limit smoking
France will ban
smoking in many public locations in Febru
ary, and will extend the prohibition to restaurants, clubs and bars in early 2008, Prime Minister Dominique de Villepin said Sunday…
Strong Economy Strengthens French Property
From Assetz Property News Service
The French housing market will be supported by a strong economy both in the short and long-term, according to new research by the International Monetary Fund (IMF).
The global financial organization raised its prediction of future GDP growth to 2.2 per cent over the next five years, due to improved demographic trends and structural reforms happening within the country.
Such reforms will come as long-awaited good news to property investors who have seen France’s economy held back by restrictive labour laws and a burdensome tax system, while economic growth in the UK has progressed substantially at a steady pace.
The short-term outlook for the French economy as a whole is that GDP should grow by 2.5 per cent this year and only drop back 0.2 percentage points in 2007 in spite of a worldwide slowdown.
All components of aggregate domestic demand have contributed to the improvement, says the IMF. Falling unemployment, real increases in minimum wages and low interest rates have been supported by high levels of consumption and investment in housing, meaning that the foundations have been laid for steady growth as we see out the decade.
Along with the French government’s expansion of housing credit, this news will encourage those thinking of investing in property in a country which has often been criticized for its economic policies and lack of growth.
However, the IMF warns that the 2.2 per cent GDP growth over the next five years may be followed by a period of decline due to France’s aging population and alleged pension time bomb.
Advisors from the organization also looked to France’s relative performance as a point of improvement; in terms of GDP per capita ranking our Gallic neighbors have fallen from 12th to 16th in the world over the past five years.
Meanwhile, it appears that times are looking up for the French property market in terms of competition from eastern Europe.
Bulgaria has long since been touted as the successor to the France-Spain hegemony over high yielding European property but an expert from Balkan Holdings says that serious investors are turning away from the former communist state.
Chris Northam, managing director of Balkan Holdings said that those investors looking purely for capital gain and investment returns "may well think twice about investing in areas where there is over-development."
He added that many of the buyers in Bulgaria are those not concerned by investment returns and would buy a property in Spain if the prices were lower. But serious investors, he concluded, "may want to weigh up the pros and cons of the return."
LOFT LUXURY LIVING IN MONTMARTRE
Hot, Hot Property
*** Paris, 18th Arrondissement, Loft House, approx. 370m²
An old world’s fair pavilion, transformed into a loft of 370m² on 4 levels (main floor plus 3 floors) with 10 rooms. It is located in Cité des Fusains, a historically protected monument, that is quiet and in great demand. This city house has 3 entrances, 4 bedrooms, living room/kitchen of 100m², an office and projection room. it is a large, multi-purpose space and a very special offering.
Prix: 2,400,000 euros + Finder’s Fee
La Cité des Fusains — a City of "Charcoals"
Call it Secret Paris…a part of the city known by few. Also known as "Villa de Fusains" because it’s a private street and garden, it is classified by the State as an historical monument and protected from any modification to its main architectural aspects, without express permission. Books and magazines have often written about it, not only because of its beauty, but because of all the famous artists who once lived and/or worked there: Renoir, Toulouse Lautrec, Derain, Miro and Ernst. In the garden were their ateliers, their apartments in the main building.
Average Property Prices in Montmartre
2nd Quarter 2005 to 2nd Quarter 2006
Chambre de Notaires
Editor’s Note: The actual market values are considerably higher than those the Chambre de Notaires report. Factors that contribute to this variance are: 1) the properties were purchased about three months earlier than the deeds were recorded (the time between the signing of the Promesse/Compromis de Vente and the Acte de Vente) 2) the reduction in the purchase price, which can be attributed to direct payments made to the sales agent to help reduce notaire fees, 3) the listing of inventory of fixed furniture such as built-ins and appliances and 4)the under-the-table cash transactions, which are illegal but do occur. Finally, the figures are diluted as they are reported by an arrondissement in its entirety and do not account for differences by neighborhoods.
Dying in Montmartre: The Cemeteries of Montmartre
By Adrian Leeds
I was told you must be a resident of Montmartre to be buried there. On November 1st, All Saints Day, I visited the Saint-Vincent Cemetery ("Cimetière Saint-Vincent") at 6, rue Lucien-Gaulard opened on January 5, 1831. It was Montmartre’s second cemetery, built after the Cimetière du Calvaire had been filled. A small cemetery with just over 900 graves, a few of its best known residents are writers, actors, musicians and artists we would all recognize.
For a more extensive tour, mosey downhill to the Montmartre Cemetery ("Cimetière de Montmartre"), a famous cemetery located at 37, avenue Samson. At one time, cemeteries had been banned from Paris ever since the closing of the "Cimetière des Innocents" in 1786, as at that time they presented health hazards. Later, several new cemeteries replaced all the Parisian ones, outside the then precincts of the capital in the early 19th-century — Montmartre being one of them (in the north), Le Père Lachaise Cemetery in the east, Passy Cemetery in the west and Montparnasse Cemetery in the south.
More About Montmartre
Montmartre is a hill in the north of Paris, France, in the 18th arrondissement, a part of the Right Bank, primarily known for the white-domed Basilica of the Sacré Cœur on its summit. The other, older, church on the hill is Saint Pierre de Montmartre, which claims to be the location at which the Jesuit order of priests was founded. The community on the hill is also called "Montmartre."
Saint Denis, a Christian martyr, the bishop of Paris and the patron saint of France, died around 250 on Montmartre. Denis was executed by beheading on the highest hill near Paris (now Montmartre), which being the highest hill in the area was also likely to have been a druidic holy place. The martyrdom of Denis and his companions gave the name of Montmartre, in French literally the mountain of the martyr.
When Napoleon III and his city planner Baron Haussmann planned to make Paris the most beautiful city in Europe, a first step was to grant large sweeps of land near the center of the city to Haussmann’s friends and financial supporters. This drove the original inhabitants to the edges of the city — to the districts of Clichy, La Villette, and the hill with a view of the city, Montmartre.
Since Montmartre was outside the city limits, free of Paris taxes and no doubt also due to the fact that the local nuns made wine, the hill quickly became a popular drinking area. The area developed into a center of free-wheeling and decadent entertainment at the end of the 19th-century and the beginning of the 20th-century. In the popular cabaret the Moulin Rouge, and at Le Chat Noir, artists, singers and performers regularly appeared including Yvette Guilbert, Marcelle Lender, Aristide Bruant, La Goulue, Georges Guibourg, Mistinguett, Fréhel, Jane Avril, Damia and others.
Basilica of the Sacré Cœur was built on Montmartre from 1876 to 1912 by public subscription as a gesture of expiation after the defeat of 1871 in the Franco-Prussian War. Its white dome is a highly visible landmark in the city, where just below it artists still set up their easels each day amidst the tables and colorful umbrellas of Place du Tertre.
At the beginning of his political career, the future French statesman Georges Clemenceau (18411929) was mayor of Montmartre.
The Musée de Montmartre is in the house where the painter Maurice Utrillo lived and worked in a second-floor studio. The mansion in the garden at the back is the oldest hotel on Montmartre, and one of its first owners was Claude Roze, also known as Roze de Rosimond, who bought it in 1680. Roze was the actor, who replaced Molière, and like his predecessor, died on stage. The house was Pierre-Auguste Renoir’s first Montmartre address and many other names moved through the premises.
Just off the top of the butte, Espace Salvador Dalí showcases surrealist artist Salvador Dalí’s work. Nearby, day and night, tourists visit such sights as the artists in Place du Tertre and the cabaret du Lapin Agile
Many renowned artists are buried in the Cimetière de Montmartre and the Cimetière Saint-Vincent.
The movie Amélie is set in an exaggeratedly quaint version of contemporary Montmartre.
Montmartre is an officially designated historic district with limited development allowed in order to maintain its historic character.
A funicular railway, the Funiculaire de Montmartre, operated by RATP, ascends the hill from the south while the Montmartre Bus circles the hill.
Downhill to the southwest is the red-light district of Pigalle. That area is, today, largely known for a wide variety of sex shops and prostitutes. It also contains a great number stores specializing in instruments for rock music; there are also several concert halls, also for rock music.
Adrian Leeds, Parler Paris, French Property Insider and John Howell & Co. of International Law Partnership Present the…
Living and Investing in France
Real Estate Seminar
December 29, 2006
Chez Jenny, Paris, France
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 seminar 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., International Law Partnership, London, this one day in Paris will put you on the right footing to make it happen!
You will learn how to…
* Why Invest in Property in France?
* Find Your Dream Apartment in Paris or Home in the Country!
* Buy and Own Property in France!
* How to Obtain a Mortgage!
* Reduce Your Currency Exchange Risk!
* How to Minimize Your Tax and Maximize the Benefits!
* Rent Your French Property for Profit!
* Plus, answer all the rest of your questions during a Q and A panel with the presenters.
The Seminar Location
Historical Chez Jenny
39 boulevard du Temple
Place de la République
"An authentic Brasserie with a soul, a style and a history."
At the colonial exhibition in 1930, Robert Jenny had a kiosk where he sold produce from his region: salt-pickled cabbage choucroute, sausages and beer. Appreciating Parisian life and noting that the fine Alsatian products attracted the Parisians, this native of Strasbourg sought to set up business in the capital. He found just the right place not far from the place de la République, at number 39 boulevard du Temple. This was the hall where the former Victor ball was held. The quarter was lively, even though it no longer deserved the reputation of «Crime Boulevard» that it had had in the 18th century, when the plays billed at the many theatres in the area mainly drew inspiration from the items in the news.
The seminar includes a three-course lunch with Kir, wine and coffee!
Menu (subject to change):
* Kir Vin Blanc à l’Edelzwicker d’Alsace and Bretzels
* Terrine de Canard aux Pistaches, Chutney de Fruits Secs
* Suprême de Volaille à la Moutarde, Nid d’Alsace aux Légumes or Onglet de Veau à l’Echalote, Gratin Dauphinois
* Crème Brûlée Caramélisée à la Cassonade
* Wine or Mineral Water, Coffee
Property Consultation, Search and Relocation Solutions
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.
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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.
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NEW! Concierge Services
French Property Insider Consultation now offers a range of Concierge Services. You can trust our team of professionals to help you take care of your Paris property investment when you’re not in France. http://www.adrianleeds.com/frenchproperty/consultation/concierge.h
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
NEXT MEETING: November 14, 2006 AND EVERY SECOND TUESDAY OF THE MONTH, 3 p.m. to 5 p.m.
This is your opportunity to meet 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: Lofty Dreams in the 18th
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, 18th Arrondissement, Duplex, 4 rooms, approx. 60m²
Beautiful cut stone and brick building. Entrance, large living room with balcony, 2 bedrooms, fully equipped kitchen, bathroom, toilet, cave. In perfect condition, it features wood floors, moldings, double exposure with a view of Paris rooftops.
Asking Price: 405,000 € + 2.5% Finder’s Fee
*** Paris, 18th Arrondissement, Loft, 4 rooms, 126m²
In a building that is Napoléon III in character, this bright loft delivers real charm. On the two top levels, it has a smart configuration giving lots of space with a large living room, open kitchen, 2 bedrooms (three possible) and bathroom.
Asking Price: 725,000 € + 2.5% Finder’s Fee
*** Paris, 18th Arrondissement, Loft, 3/4 rooms, approx. 135m²
Amazing loft space with 3.6m high ceilings, numerous bay windows looking out on a quiet tree lined space. 4 bedrooms, 2 bathrooms, parking.
Asking Price: 765,000 € + 2.5% Finder’s Fee
*** Paris, 18th Arrondissement, Duplex, 4 rooms, 168m²
Unique and charming duplex on the 4th and top floor offers lots of space. On the first level is
a bedroom, with the possibi
lity for two. On the second level is a living room, large American style kitchen, bathroom, toilet and office on the mezzanine.
Asking Price: 890,000 € + 2.5% Finder’s Fee
Next session: November 21, 2006, 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:
|4 rooms 73,30 m² DUPLEX
66 rue Ampère
75017 PARIS 17th
Opening Bid: 320,000 €
Deposit: 64,000 €
|3 rooms 80,80 m²
66 rue Ampère
75017 PARIS 17th
Opening Bid: 360,000 €
Deposit: 72,000 €
|5 rooms 158,40 m² + maid’s room
6 rue de Seine
75006 PARIS 6th
Opening Bid: 1,432,000 €
Deposit: 286,400 €
|2 rooms 57,46 m²
100 boulevard Suchet
75016 PARIS 16th
Opening Bid: 249,790 €
Deposit: 49,958 €
|3 rooms 44,5 m²
85 boulevard de Port Royal
75013 PARIS 13th
Opening Bid: 210,000 €
Deposit: 42,000 €
|2 rooms 37,3 m²
15 rue du Louvre
75001 PARIS 1st
Opening Bid: 140 000,00 €
Deposit: 28 000,00 €
|5 rooms 84,4 m²
15 rue du Louvre
75001 PARIS 1st
Opening Bid: 420,000 €
Deposit: 84,000 €
|4 rooms 61,9 m²
68 boulevard Garibaldi
75015 PARIS 15th
Opening Bid: 230,000 €
Deposit: 46,000 €
LEASEBACK NEWS FROM IMOINVEST
France, Mediterranean Coast, Cagnes sur Mer
One Bedroom 48m² to 49m² €219,000 to €233,000
Two Bedrooms 64m² to 64m² €317,000 to €332,000
EXPECTED RENTAL INCOME UP TO: 5.00%
Although well adapted to modern living, this seaside resort still has the atmosphere of the leisurely, friendly, everyday life of the history charged villages of the Cote d’Azur. As does everyone, you too, will fall under the charm of the Haut de Cagnes (the old city at the top). This medieval quarter is full of tiny streets, stairs, little restaurants and old houses that gradually descend down and blend with the modern lower city. Strolling about the old fishing port of Cros-de-Cagnes is a must, and while you’re there, you will surely be tempted by grilled fish or want to try the local specialty of Poutine. Outdoor types will enjoy
all the water sports available.
Located between the streets of Pasteur and Villeneuve, in a district that is being completely renewed, the residence, with contemporary architecture, will be comprised of two buildings of five levels, positioned around an interior garden. Discover these high quality apartments all benefiting from a spacious terrace, loggia, balcony or garden. The residence has secure underground parking facilities and private entry.
SEEKING A MORTGAGE IN FRANCE?
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Remember, as an FPI Subscriber you can take advantage of a special discount on the popular Insider Paris Guides, plus get an extra 15% discount when ordering two or more guides. Choose from:
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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 trus
t that Parler Paris
Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.
* "Le Provençal" Studio: LAST MINUTE OFFER
Rent Le Provençcal between November 16 and December 19 at special last-minute rates:
125€/Night, 800€/Week or 2000€ for 4 weeks or entire period of 36 days!
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/frenchproperty/insider/rentals/provencal.html
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