Magnificent Manors, Prestige Properties and a Papal Prison
View from a Loire Manor
Photo by Pascal Fonquernie
(FOR SUBSCRIBERS ONLY)
December 6, 2007
Bonjour French Property Insider Subscriber,
It’s been a fascinating week or so for property in Paris.
One Australian client managed to scoop up the location of a lifetime at Place des Vosges, the city’s best address. Another was faced with a dilemma: to buy or not to buy…the apartment she had been renting for a long time. A third came to us with a monstrous inheritance issue involving a large number of Paris apartments left to her and her various siblings.
On a personal note, during an official evaluation of the "viager" property I own, I discovered that ownership of the apartment didn’t actually include the mezzanine, much like our friend, Al Stewart’s situation (do you remember this? See http://www.adrianleeds.com/frenchproperty/insider/members/content/pastissues/FPI_October_25_2007.html ) Normally, one would think to make an offer to the homeowner’s association to purchase it, securing it from any future claims, but since I still don’t have the rights of usage of the apartment, the Notaire has advised against it, until such time a claim or offer is made by another owner in the building. Risky, but worth it.
The reason for the appraisal is that lender Banque Patrimoine et Immobilier is offering an equity release loan to purchase an apartment in New York City for my daughter (yes, the offer was accepted!). The loan will provide a larger down payment than I might normally be able to make, helping to secure the approval of the co-op board. Plus, the rates here are lower than they are in the U.S. saving money, and with the strength of the euro and the property values as high as they are, having increased 50% on in just over one year on the Provençal rental apartment, more money can be borrowed!
Here’s yet another reason to own French property.
The skies are gray and the rain is coming down on a wintery December day in Paris. In today’s issue, we bring you the latest Paris property price increase information, helpful information should you be lucky enough that your landlord offers up your apartment for purchase, and news about the Fractional Ownership Solution (there are only three shares left of Le Jardin Saint-Paul). There is news about a Normandy Manor, a prison for sale, this weekend’s Salon de Prestiges (prestigious property trade show) and how the Eurostar is turning Paris into a London suburb.
French Christmas traditions add a note of holiday cheer while we wind down the year and prepare ourselves for 2008′s best resolutions…to get into the French property game NOW, before it’s too late.
Editor, French Property Insider
P.S. We are very pleased to announce the next Living and Investing in France Real Estate Conference February 16-17, 2008 at the new Alliance Française in Miami, Florida. Visit the site at http://www.adrianleeds.com/frenchproperty/conference/LIF_Miami_AF_Feb_2008/index.html or for more information, email Schuyler Hoffman at firstname.lastname@example.org
Volume V, Issue 47, December 6, 2007
In this issue:
* Property Shopping in the Big Apple
* The Price of Air
* Positive Paris Progress
* The Best — and Most Pricey — "Places" in Paris
* 2008 Tax Reductions in France
* Insuring Your French Property Dream
* Foreign Investors in France
* High-Rises in Paris?
* Fractional Properties Gaining Popularity
* Loft Life in Manhattan
* Depp Purchases Paradis Vineyard
* Own a Piece of Paris for a Fraction of the Cost
* Living and Investing in France Conference, February 16-17, 2008, Miami
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: December 11, 2007
* Hot Property Picks: Prime Paris Places
* On the Auction Block: December 4, 2007 at 2 p.m.
* Leasebacks: Residence le Buet, France, French Alps, Morillon
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — Le Penthouse Voltaire
nt> Paris property prices continue to rise steadily. Quarterly Price Increases for Paris Resale Apartments: March 2007 to June 2007, 1.8% Annual Price Increase for Paris Resale Apartments: August 2006 to August 2007, 8.3% To Buy or Not to Buy, That is the Question It’s an interesting problem to have…when the owner of the apartment you’ve been renting suddenly says, "We’d like to sell the apartment. You have first right of refusal until [such and such a date], and if you don’t purchase it, this is notice that you must move out." It happened to me in 1999. I had been living in my Marais apartment for two years when they dropped the ‘bomb’ on me that it was my choice to purchase or move out. I chose to purchase, quite happily so. I know many others who have had the same good luck — as normally, the price is reasonable, there are no agency fees and you don’t even have to move one box of books. Just this past week, a client requested we visit and evaluate an apartment she has been renting on a long term basis that her landlord wishes to sell. It’s located on the Ile Saint-Louis, one of the "quais" and is a prime property. She has loved the apartment and rented it along the way, in spite of its five flights of stairs. Our evaluation gave her more to think about than just purchasing this particular apartment, as for the price of the property, she could achieve more space, more rentability and better attributes in another location in Paris (lower level or an elevator!). Of course, that would mean going through the search process and ultimately moving more than just one box of books. Tough dilemma? But a good one to be in. She was smart to have an evaluation done, as the seller was offering the property at about 10% higher than we determined she should pay. Our advice: offer what the property is worth if you really want it, but don’t pay more. If the seller won’t budge on price, move on and find a better solution. If you are in this situation, know that the law protects the tenants so that the owner/seller must give sufficient notice to the current tenant: From http://www.paris-law.com: A lessor can sell a leased apartment even during the lease term. The lessor by formal notice delivered by a huissier (bailiff) notifies the tenant that the lease is being terminated, the lessor specifies the purchase price already negotiated with the third-party purchaser and advises the tenant of his right of first refusal. A tenant receiving such a notice who wishes to possibly exercise the option of first refusal should obtain counsel from a professional, as the law imposes are strict time limits and formalities if the tenant wishes to exercise his right of first refusal. The tenant has two (2) months to exercise his right of first refusal, which period is extended to four (4) months under certain conditions relating to a bank loan financing condition of purchase in favor of the third party purchaser. A tenant who fails to exercise his rights in within the time frames and in full respect of the other applicable formalities will irrevocably lose his rights of first refusal. Notwithstanding the forgoing, if the lessor then proceed to effect the sale upon terms more advantageous to the third party purchaser than those previously notified to the tenant, the notaire is obligated to nullify the sale. (As the lessor may decide to notify the tenant of a revised offer, it is very important that the tenant notifies the lessor of the address to which a revised offer should be addressed, thus assuring the tenant maximum time to make and implement his next decision. Editor’s Notes: A copy of the applicable law in French, Law 89 462 of 6 July 1989 can be consulted on line: http://www.legifrance.gouv.fr/texteconsolide/ACECQ.htm
Chambre de Notaires
Photo by Allison Gorlin
April 2007 to July 2007, 2.8%
May 2007 to August 2007, 2.6%
By Adrian Leeds
The relevant Article is 15 II.
Paris property prices continue to rise steadily.
Quarterly Price Increases for Paris Resale Apartments:
March 2007 to June 2007, 1.8%
Annual Price Increase for Paris Resale Apartments:
August 2006 to August 2007, 8.3%
To Buy or Not to Buy, That is the Question
It’s an interesting problem to have…when the owner of the apartment you’ve been renting suddenly says, "We’d like to sell the apartment. You have first right of refusal until [such and such a date], and if you don’t purchase it, this is notice that you must move out."
It happened to me in 1999. I had been living in my Marais apartment for two years when they dropped the ‘bomb’ on me that it was my choice to purchase or move out. I chose to purchase, quite happily so. I know many others who have had the same good luck — as normally, the price is reasonable, there are no agency fees and you don’t even have to move one box of books.
Just this past week, a client requested we visit and evaluate an apartment she has been renting on a long term basis that her landlord wishes to sell. It’s located on the Ile Saint-Louis, one of the "quais" and is a prime property. She has loved the apartment and rented it along the way, in spite of its five flights of stairs.
Our evaluation gave her more to think about than just purchasing this particular apartment, as for the price of the property, she could achieve more space, more rentability and better attributes in another location in Paris (lower level or an elevator!). Of course, that would mean going through the search process and ultimately moving more than just one box of books.
Tough dilemma? But a good one to be in. She was smart to have an evaluation done, as the seller was offering the property at about 10% higher than we determined she should pay. Our advice: offer what the property is worth if you really want it, but don’t pay more. If the seller won’t budge on price, move on and find a better solution.
If you are in this situation, know that the law protects the tenants so that the owner/seller must give sufficient notice to the current tenant:
From http://www.paris-law.com: A lessor can sell a leased apartment even during the lease term. The lessor by formal notice delivered by a huissier (bailiff) notifies the tenant that the lease is being terminated, the lessor specifies the purchase price already negotiated with the third-party purchaser and advises the tenant of his right of first refusal. A tenant receiving such a notice who wishes to possibly exercise the option of first refusal should obtain counsel from a professional, as the law imposes are strict time limits and formalities if the tenant wishes to exercise his right of first refusal.
The tenant has two (2) months to exercise his right of first refusal, which period is extended to four (4) months under certain conditions relating to a bank loan financing condition of purchase in favor of the third party purchaser. A tenant who fails to exercise his rights in within the time frames and in full respect of the other applicable formalities will irrevocably lose his rights of first refusal.
Notwithstanding the forgoing, if the lessor then proceed to effect the sale upon terms more advantageous to the third party purchaser than those previously notified to the tenant, the notaire is obligated to nullify the sale. (As the lessor may decide to notify the tenant of a revised offer, it is very important that the tenant notifies the lessor of the address to which a revised offer should be addressed, thus assuring the tenant maximum time to make and implement his next decision.
A copy of the applicable law in French, Law 89 462 of 6 July 1989 can be consulted on line: http://www.legifrance.gouv.fr/texteconsolide/ACECQ.htm
The "Fractional Ownership" Solution
An 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! Visit our properties at http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/index.html
See the Paris Home Shares Fractional Ownersh
LE JARDIN SAINT-PAUL
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! 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
NEW FRACTIONAL OWNERSHIP FOR SALE NEAR EIFFEL TOWER
Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Two-Bedroom, 88.1 m2
99,500€ / 12 Shares Available
Available for Use May 2008
If you would like to receive more information on this apartment, VISIT http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/chezlatour.html
New and Innovative Fractional Buyer’s Superstore Launched
Fractionals are the wave of the future in gaining access to luxury assets. The Fractional Concierge website (http://www.TheFractionalConcierge.com) is the world’s first website that brings together ALL assets sold as fractionals: Real estate, aircraft, sea vessels, automobiles, recreational vehicles, and everything else from handbags and artwork to dogs and organically grown meats. It’s a fractional buyer’s superstore. The website gives you detailed information, pricing and photos on hundreds of fractional assets so you can peruse the many different options.
In addition, the website has a variety of user friendly features:
(1) A Daily Blog that keeps pace with the latest breaking news about the Fractional Industry and new fractional products coming to market
(2) 36 classifications of classified ads for individuals looking to sell, trade or rent their fractional assets, professional services for sellers, buyers and developers, and employment opportunities
(3) A "Financial Concierge Service" to assist buyers and developers locate financing
(4) A huge database of educational information including hundreds of articles
(5) A Broker Participation Program to assist brokers worldwide locate fractionals for their clients.
The Fractional Concierge is a buyer’s broker organization. What that means is that they work for the buyer, not the seller. You tell them what you want to buy and how much you want to spend, and they will research the entire fractional market and make appropriate recommendations to you.
Most companies represent the seller. Their allegiance is to get the seller the highest price for their product. As a buyers broker, The Fractional Concierge owes no duty to any seller. Therefore, they can be completely impartial and unbiased.
No other company represents the complete fractional marketplace. Whatever fractional asset you are interested in purchasing, The Fractional Concierge will research every company that exists, find the product that matches the buyer’s needs and budget, bring that information to the buyer and assist them through the purchase process. There is no charge to the buyer for the research and recommendations. Only if the buyer decides to purchase one of the products the company recommends, a minimal fee of 1% is charged. If you don’t purchase, you don’t owe a dime.
So, whether you are looking for real estate (traditional fractionals, private residence clubs, vacation or destination clubs), Aircraft (jets, helicopters, prop planes), sea vessels (yachts, sailboats or cruise ship residences), exotic cars and motorcycles, recreational vehicles, or new emerging fractional assets (vineyards/wine, horses, handbags, jewelry, fashion couture, artwork, luxury suites at sporting venues, or even dogs), The Fractional Concierge is your superstore for everything fractional.
Plenty of Opportunities for Canny Investors
There are still plenty of emerging hot spots for overseas investors according to the quarterly investment tracker produced by property investment specialist Assetz.
Cape Verde has continued to live up to its initial potential as one of the next big places to buy for fly to let due to low purchasing costs and sustained capital growth of over 10 percent.
The tourist industry is thriving and developers are keen to meet the international demand for rented accommodation and holiday schemes. Rental yields of 9 percent are possible, and increasingly competitive mortgage products are helping the buoyant market, leading to good returns on cash invested.
Opportunities remain in France as the French presidency takes shape.
President Sarkozy is instigating a
number of new i
nitiatives, including tax relief on home ownership. Whilst this does not apply to overseas investors, UK based owners of French property will continue to benefit from current good returns and any strengthening in the market as a result of these tax benefits driving up house prices.
Bulgaria continues to improve on its position in the tracker, topping the table of latest figures with a total of 84 percent return on cash invested. However, rental yields are not what they once were due to a severe oversupply in some of the tourist locations. Local agents are reporting a lack of demand and Assetz continues to advise caution in these areas.
The Capital, Sofia, has a burgeoning local economy and is currently benefiting from major development of its infrastructure thanks to an injection of funding from the EU. This is the most likely source of capital gains in a resale market that remains relatively unproven so far in Bulgaria, and poor rental figures for the country as a whole should not be reflected in the potential for high rental yields in Sofia.
High prices are continuing to drive the need for rented accommodation in established locations across the continent, with net rental returns of 7.5 percent and 8.6 percent on cash invested in Portugal and France respectively.
The weak dollar has made American property a lot cheaper for British buyers but it is far from certain that the dollar’s collapse is over. There could still be further to go, meaning greater buying opportunities might exist later next year at better prices than today. Purchasers looking for a long-term holiday home could do well buying today, but hardened investors may find a better opportunity next year.
Stuart Law, Managing Director of Assetz, said: "In spite of a continuing slowdown in capital growth across the global property market, it remains an exciting time for investors worldwide. There are several emerging markets with the long-term ability to cause more than a stir of interest among the more canny of property investors.
"In a period of global uncertainty it is vital that investors take a long term view and consider destinations that offer the best chance of sustained stability. It is easy to be sidetracked by the dazzling appeal of some of the more exotic locations we see entering the scene, but investors must hold out to establish their staying power.
"Countries such as Turkey and Greece are not causing any great waves on the global stage, but still have relatively low entry costs and more realistic long term rates of growth than Bulgaria and Poland, which have topped the table in recent times with rates of around 20 – 30 percent.
"High prices are continuing to drive the need for rented accommodation in established locations across the continent, with high rental returns in countries such as Portugal and France."
Property in France: French Manor from Heaven
From The Telegraph Online
After eight years of back-breaking work, twins Barry and Graham Wallis are selling their beautifully restored property near Cherbourg, Normandy. Andrew Eames reports on a labor of love
Graham and Barry Wallis were Christmas Day babies back in 1961, and have been virtually inseparable ever since. But the stress of a meticulous restoration of a 16th-century sandstone manor house in France, combined with the pervasive reach of internet dating, has put an end to all that.
Not that they have fallen out. It is just that, after 46 years of doing virtually everything together, Graham and Barry are about to spend a great deal more time apart. And the house that was once the object of all their affection, not to mention eight years of blood, sweat and tears, is on the market…
To read the entire article visit http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2007/12/01/pfrance101.xml
Eurostar to See Rise of the International Commuter
From The Sydney Morning Herald
Spending the week working in Britain before whizzing home to France at weekends, Yves Pinsard is a Eurostar "commuter," whose numbers are expected to balloon as London-Paris travel times fall.
"It’s been a little more than a year since I started doing this…I go back almost every weekend, except when my wife comes here," said Pinsard, general manager of the London branch of Banque Transatlantique.
With the construction of a new high-speed line on the English side of the Channel now complete, travelers who ride the Eurostar save an average of 20 minutes in each direction…
To read the entire article visit http://www.smh.com.au/news/news/eurostar-to-see-rise-of-the-international-commuter/2007/11/29/1196037034575.html
French Prison For Sale. Hoteliers Only Need Apply.
For sale in former city of pope
s: one med
ieval insane asylum and prison. Exceptional location next to papal palace. River views. Cell space for 700. Hoteliers only need apply.
As part of its program to sell off unused state property, France’s finance ministry has put on sale the Sainte-Anne prison in the centre of the southern town of Avignon, one of the country’s most popular tourist destinations.
Classified as a historic monument, the prison began life as an asylum in the 13th century — around the same time that Avignon became the home of popes exiled from Rome. Up until 2003 it was a prison, and regarded as one of France’s least salubrious.
"When the prison was closed the municipality wanted to buy it and convert it into a hotel. Sadly the price was too high," said Avignon’s mayor Marie-j2999ee Roig.
Instead, the rectangular three-story building around a central courtyard is open for bids. The only condition is that all or part must be turned into a top-class hotel with at least 110 rooms.
The ministry expects to obtain at least four million euros (5.9 million dollars). Several other disused prisons are to be sold off in the coming years.
Christmas Traditions Throughout France
From Maison de la France
France celebrates many Christmas traditions as each region observes its own unique rituals and customs. Many have stayed confined to very small areas while others have grown in popularity and now extend throughout the country. Much more than a visit from Père Noël, Christmas in France is a combination of history, tradition, community and festivities.
It can’t be Christmas in France without the lights. Almost all cities, towns and villages will elaborately illuminate their streets, squares and bridges with Christmas lights. In Paris, the Champs-Elysées will be strung with 150,000 lights and a project known as "Paris Lights Paris," will decorate 30 neighborhoods with lively effects and highly original creations. December 1 to mid January 2008.
The French Christmas markets were started by the Protestants in Strasbourg in 1570 as a protest to Catholic traditions. Now, for almost 500 years, the Alsacian city has been home to "Christkindelsmärik," the oldest Christmas market in France. This very popular tradition is now shared by many French cities and towns. For a complete list of Christmas market cities and dates visit http://us.franceguide.com/.html?nodeID=406&EditoID=34767
Dating back to the 12th century, the "buche de Noël", or Yule log, was once an enormous log that burned the entire Christmas night. But over time, as fireplaces were replaced by cast-iron stoves, a smaller version of the log, decorated with candles, became more popular and was used as a centerpiece on the table. Eventually the wooden log was transformed into a log-shaped cake that is now a traditional part the "réveillon" or Christmas meal.
"Santons" can be found in Provence. The figurines, used in nativity scenes, stand about 2 to 12 inches tall and are hand-made from clay with plaster molds. The miniatures became popular in homes during the French Revolution when churches were forbidden to display the creche. They were first only designed as images of the saints, but eventually came to represent the typical personages of the region. They are still made today by santonniers and are considered to be collectors’ items.
Aquitaine’s "marchés aux gras" feature local specialties such as duck and goose liver for the holiday season and in the Loire Valley, the Doué-la-Fontaine market is held in a troglodyte cave.
Local folkloric heroes also figure into Christmas celebrations. According to the Basque legend, Olentzero lives in the mountains and once a year, he gives wood to the poor so no one will be cold on Christmas. Today he comes mounted on a small horse and goes door to door handing out sweets. In the Franche-Comte, Aunt Airie, travels with her donkey Marion and shares her wrapped candies. And Christkindel visits good children in Alsace, while the bad ones are taken away to the dark woods forever by Hans Trapp.
Christmas is a wonderful time to spend in France. It is a place where neighbors, friends and family join together to celebrate the Christian holiday and the rich traditions of their country.
Salon of Prestige Properties
December 7 – 9, 2007
10 a.m. to 7 p.m.
Carrousel du Louvre
99 rue de Rivoli, 75001 Paris
Metro: Palais Royal – Musée du Louvre
Bus: lines 48, 27, 39, 68, 69, 95
Living and Investing in France Real Estate Conference!
February 16-17, 2008
Alliance Française, Miami, Florida
If you’ve always dreamed of owning your own "pied-à-terre" in Paris or home in the Provinces of France, perhaps as a future retirement home or for now as investment property rented part of the year…this power-packed
nce is a MUST.
Hosted by Adrian Leeds, long time resident of Paris, Editor of the Parler Paris Nouvellettre® and French Property Insider weekly E-zine and John Howell, lead attorney for the International Law Partnership, London, these two days in Miami will point you in the right direction to make it really happen! Includes three course lunch and cocktail reception.
For more information and to register, visit: http://www.adrianleeds.com/frenchproperty/conference/LIF_Miami_AF_Feb_2008/index.html
Or email Schuyler Hoffman at email@example.com
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.
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
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is December 11, 2007, and every second Tuesday of the month.
HOT PROPERTY PICKS: Majestic Manors
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
*** Loire, Manor House, 5 bedrooms,
A pretty manor house dating from the 17th and 18th centuries and sitting on 5.9 hectares of peaceful land. The ground floor comprises an entrance hall, lounge with fireplace, dining room, summer lounge, fitted kitchen and 2 toilets. The first floor comprises 5 bedrooms, 4 bathrooms and 4 ensuites. There is also a wi
ne cellar, garage for 2 ca
rs and a store room. The property has been entirely renovated with quality fixtures. Electric and wood heating.
Asking Price: 880,000€ + 2.5% Finder’s Fee
*** Manche, Manor House
A manor house of great character standing on 82 acres with a beautiful 1.8 acre lake, a renovated cottage, a large one bed apartment, 2 studio apartments, a large farmhouse for renovation, 9 stables and many stone barns and a 2 acre riding arena. The manor house comprises on the ground floor a hall, dining room, kitchen and dining room, utility room. On the first floor a sitting room with oak and marble fireplace, terrace, bedroom with ensuite bathroom, ensuite cloakroom and sewing room. On the second floor there are 4 bedrooms. The attic can be converted.
Asking Price: 1,280,000€ + 2.5% Finder’s Fee
*** Normandy, Manor House, approx. 800m²
In Normandy, near the beach of Deauville, this manor house has been entirely restored. It comprises large reception rooms with numerous balconies and terraces looking out to the sea. It also has a lovely guest house of 160m², and a superb park totalling 1.8 hectares with direct access to the sea and wonderful seaviews. The ground floor of the manor comprises a large entrance hall, fitted kitchen, lounge, drawing room with beautiful fireplaces and terraces overlooking the sea. The first floor has 3 bedrooms with parquet floor, wardrobes and 2 bathrooms. Second floor has 3 bedrooms with parquet, bathroom and toilet. Third floor has 3 attic bedrooms with bathroom.
Asking Price: 6,360,000€ + 2.5% Finder’s Fee
Next Sessions: December 11, 2007 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:
December 11, 2007 at 2 p.m.
|3 rooms 35,9m²
62 rue Pierre Larousse
75014 PARIS 14th
Opening Bid: 143,000€
|2 rooms 31,51m²
1 rue Gustave Geffroy
75013 PARIS 13th
Opening Bid: 125,000€
8 rue Desargues
75011 PARIS 11th
Opening Bid: 58,000€ with the possibility to lower
|2 rooms 30,40m²
18 rue Letellier
75015 PARIS 15th
Opening Bid: 140,000€
|2 rooms 32,4m²
38 rue de Torcy
75018 PARIS 18th
Opening Bid: 120,000€
LEASEBACK NEWS FROM IMOINVEST
RESIDENCE NIMES GARE
France, Mediterranean Coast, Nimes
Studio 18m² to 23m² €70,000 to €107,000
One Bedroom 35m² to 39m² €147,000 to €181,000
Two Bedrooms 56m² to 56m² €242,000 to €242,000
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME UP TO: 4.00%
src="http://www.adrianleeds.com/frenchproperty/insider/images/propertyphotos/advertisedproperties/leaseback/6-12-07_Leaseback_NimesGareA.jpg" alt="French Leaseback" width="115" height="115">
Nimes is located in the Languedoc Roussillon region in the South of France which is one of the top rated areas in terms of capital growth. In addition, the region boasts some of the best preserved Roman architecture in the world including a replica of the Colosseum in Rome. It is here that many come to witness the Spanish style ferias or bullfights that take place particularly at Easter and during the summer months.
The city is currently enjoying a design renaissance which ranges from innovative housing projects to a fantastic new arts complex. Nimes has more than 2000 years of culture and history to share with its visitors. The surrounding region is one of seaside ports, quaint villages and plenty of attractions.
The residence will be comprised of 6 levels offering 118 studio to 2 bedroom apartments. Apartments will be fully furnished with top of the range fittings and furnishings. All apartments offer fully equipped kitchenettes, heating and cooling systems with wireless internet access. The development also offers underground parking, a breakfast room, laundry and a 24 hour reception. This is a 100% investment product offering property owners up to 10-20% in discounts off of holiday stays throughout Europe!!
In addition, this residence will be constructed with strong efforts made in regard to energy conservation and use of eco friendly materials. The electric production of the residence will be based on renewable energy affording owners with a 15% savings on electricity!
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.
Managing Your French Property Insider Subscription is Easy!
We receive many emails from French Property Insider Subscribers who want to change their email address, or update personal information. But did you know that you can make these changes yourself?
2. Click on "Manage Subscription." You’ll find it under the "Subscribers Only" section in the sidebar.
3. Enter your username and password.
4. On the Welcome Page, go to "Manage Your Account" and click on "Change Password/Edit Profile"
5. Once you’ve made the changes, scroll down to the bottom of the page and click on "Save Profile."
Of course, we’re always happy to help, so if you do need assistance, send an email to firstname.lastname@example.org
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
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.
face="Verdana">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/
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.
Le Penthouse Voltaire
American comfort with French flair! Overlooking Boulevards Richard Lenoir and Voltaire, in the 11th Arrondissement. This three-bedroom, two-bath luxury penthouse with wrap-around balconies and spectacular views, sleeps 6.
Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/voltaire.html
or email: Apartments@AdrianLeeds.com
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
Copyright 2007, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com