Moving Money and People in France
Beautiful Maison Bleue in Languedoc-Roussillon
(FOR SUBSCRIBERS ONLY)
February 21, 2008
Bonjour French Property Insider Subscriber,
From the dining room table on which I have the laptop and all the necessary working tools (coffee, phone, files), there is a view of the ocean, South Beach, Ocean Drive, a swimming pool, palm trees and luxury high-rise condos. We’re staying in one of them with all the creature comforts I’d almost forgotten existed à la Americain.
Miami is a beautiful American city, with a stunning assortment of skyscrapers (mostly downtown), low-level Art Deco designed hotels painted in bright pastels, adorned by lush greenery. I love the tones of blues and greens on a foundation of sand beiges and whites. It’s exactly what I have in mind to decorate the next rental apartment à la Saint-Tropez.
In today’s FPI, we are reporting on the past and successful Living and Investing in France Real Estate Conference held at the Alliance Française of Miami. Our attendees came from far and wide and had a variety of interests. Several were interested in finding properties in the Languedoc-Roussillon region — coincidentally where French Property Shares’ newest Fractional Ownership is located about which Ginny Blackwell spoke. On that note, today we focus our attention on Hot Properties in this region. Also note, that rue Ferdinand Duval on which is the Fractional Ownership property offered by Paris Home Shares, "Jardin Saint-Pau,l" was featured in Elle Magazine. Scroll down to download a pdf of the article.
Because so many questions arose at the conference regarding money — the confusion about the movement of money…the borrowing of money, the exchange of currency and the transfer of the money as well as the ‘parking’ it in a way that earns it interest, we offer you today concise advice on how to make the most of the movement of your money when purchasing a property in France.
Looking toward the future, we believe that properties in destinations serviced by the TGV (Train à Grande Vitesse) will appreciate the most. Be sure to read all about it and study the current TGV map as well as what you can expect for the future.
Also in the future are two upcoming conferences for you to consider — a one-day conference in London this coming spring and a two-day conference in San Francisco in the summer. Dates to be announced, but be sure to keep this in mind if you intend on participating.
Editor, French Property Insider
P.S. Next week I’ll be writing from New York City where I will be making arrangements to purchase an apartment in the West Village for my daughter — and will be comparing notes on what it’s like to go through the process in NYC compared to Paris! I trust I’ll find it easier in Paris!
Volume V, Issue 8, February 21, 2008
In this issue:
* Report on the Living and Investing in France Real Estate Conference
* Taking an Interest in Money Moves
* TGV the Ticket to Property Investment
* Best Time to Buy Property in France
* French Land Registry Online…in English
* Sunny Mediterranean Still a French Property Hotspot
* Buying a Real Fixer-Upper
* New Aer Lingus Route to Paris
* Fractional Ownership Solution – New Property Listing!
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: March 11, 2008
* Hot Property Picks: Loving Languedoc-Roussillon
* On the Auction Block: March 18, 2008
* Leasebacks: Cap Affaires Pau, France, Atlantic Coast, Idron
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — L’Aubergine
An Alliance with France and Florida
An Excerpt from Parler Paris with Special Notes
Monday, February 18, 2008
By Adrian Leeds
At the Bel Aire Hotel in South Beach as I write this, directly in front of me is an enormous poster of Le Touquet Paris-Plage. Even among the palm trees, Paris is not forgotten.
The flight to Miami was uneventful and particularly pleasant, but landing in the U.S. was
like arriving onto foreign soil. Than
ks to a stolen passport in 1994, each time entering the U.S. they send me to the immigration office, a wait of almost two hours, to be treated impolitely by the immigration officers, only to be told I’m wasting their time. "Who’s wasting whose time?" I asked with frustrated contempt, then ran off to find my luggage which had been sitting alone waiting for pick up along with Mary Fort of Banque Patrimoine et Immobilier who had gone through customs with her Irish passport more easily.
No matter. The weather in Miami was picture perfect — warm and breezy on a Valentine’s Day evening. Schuyler Hoffman, our Projects Manager, Mary and I hopped into our rental car and headed to South Beach where we had booked the Bel Aire (do not take this as any kind of recommendation!), checked in and chose a seaside restaurant along Ocean Drive filled with tourists and Miami International Boat Show participants (on February 14 – 18, 2008) in which to inaugurate our stay.
The first morning, Schuyler and I met with Alliance Française officials to tour the new facility and plan for the conference logistics. It’s a fantastic new building on "Calle Ocho" (8th Avenue) that stands out from the bright pastel stucco buildings by its red, white and blue towers. Philippe Timon, the director, was very proud to show us his ‘little village’ — the educational facility along with its boutiques and amenities that create a French community and cultural center unlike any other. This is where we set up the conference in its auditorium where we could take advantage of its new big screen, top of the line audio/video system and spaciousness for lots of chairs and attendees.
The conference started Saturday afternoon with a bright and eager group who had come primarily from Florida, Chicago (escaping the winter weather!) and all over the U.S. We welcomed lots of people we had met before in other circumstances. As it always is, our attendees are earnest folks who dream of living or purchasing property in France and need to understand how to go about doing that in the most prudent and intelligent way. The passion for France oozes out of them — even the one woman who declared her love for France, but had never been there!
Our first afternoon, John Howell opened the conference with the number one question, "Why Invest in France?," followed by my own presentation explaining the best ways to find property and Mary Fort’s presentation on how to get financing using their newest and most creative loan products. Before we left the AF for cocktails and dinner at the Provence Grill, Director of the Alliance Française, Philippe Timon, spoke about his incomparable non-profit organization and the best ways of learning French before coming to France. Philippe is an enthusiastic Frenchman quite proud of his new 5.6 million dollar facility that was erected thanks to a 10% contribution by the French government, massive contributions and devoted volunteers. Next weekend the facility will be inaugurated by seriously high government officials and we felt privileged to have ‘broken it in’ prior to its formal launch.
Cocktails and dinner at The Provence Grill was exceptional (1001 South Miami Avenue, (305) 373-1940). This is always a perfect opportunity to get to know one another better and relax after a long day of presentations. The Provence Grill is a dining venue I’d highly recommend! The bistro is a family affair, co-owned by siblings Eric and Nathalie Cormouls-Houles from Toulouse who could not have been more accommodating, nor could the cuisine have been any more delicious.
Sunday presentations with John Howell, Jody Cracknell, Peter Zipper, Marcell Felipe and Ginny Blackwell, started bright and early at 9 a.m. covering the topics of "Buying and Owning Property in France," "Renovating and Renting Your French Property for Profit," "How to Reduce the Risk of Currency Exchange," "The Best Kept Secret in Offshore Banking and Investing," "How to Minimize Your Tax Liability and Maximize Your Investment Potential" and "The Fractional Ownership Solution" before ending with an open Q and A session involving all the presenters.
For lunch many of us carpooled down 8th Avenue to the "Versailles" Cuban Restaurant, an institution in Miami well known to be "the meeting place of Miami’s Cuban power brokers, who meet daily over ‘café con leche’ to discuss the future of the exiles’ fate" (3555 SW 8th Street in Little Havana, Miami, (305) 444-0240). A trip to Miami without a meal at the Versailles is like a trip to Paris without having seen the Eiffel Tower. Again, we are reminded of France here in Miami in a most curious way!
As we all said our good-byes, Philippe Timon and AF board member, Cheryl Handley, without whom we could never have produced the conference, encouraged us to come again next year, same time, to provide such an informative seminar for their Francophile community. We agreed it was the perfect venue in the middle of winter to have such beautifully warm breezes.
With the conference behind us, the rain coming down making for a steamy Miami, my daughter has joined me to organize together the massive application we must submit to the co-op board to purchase the apartment for her in the West Village of New York City. It’s even worse than preparing the application for a French long stay visa that one must submit to the Préfecture (!)…so I’m sure we will survive it. Hopefully, too, we’ll catch a few rays in the Florida sunshine while we’re at it.
Special Notes: Attendees did not leave without handing in their evaluations and comments. Here are a few:
"John is a great speaker — makes complicate dry matter intelligible and even entertaining."
"A good conference — a lot of useful information if one is planning to live or invest in France."
"Excellent Seminar! Complicated
ssues explained very simply so easy to understand. Well worth the time and money."
"After the first day, I felt like I got my money back two fold!"
"We enjoyed networking with everyone and meeting great people with similar interests!"
"I found it informative, useful and well planned."
"Very, very useful! Thank you, Adrian. You put together a wonderful group."
Making the Most of Moving Your Money
By Adrian Leeds
It became evident during the Living and Investing in France Conference that there is confusion about the movement of money — the borrowing of money, the exchange of currency and the transfer of the money as well as the ‘parking’ it in a way that earns it interest.
We had three professionals who spoke on these issues — 1) a lender (Mary Fort with Banque Patrimoine et Immobilier), 2) a currency broker (Jody Cracknell with Moneycorp) and 3) an off-shore banker (Peter Zipper with Caye International Bank).
1) The lender will provide a mortgage with which you will purchase the property. In today’s economic environment and in consideration of the tax laws in France, borrowing a good portion of your property purchase is a very wise and financially sound thing to do.
(For a detailed explanation why borrowing money is a benefit, visit: http://www.adrianleeds.com/frenchproperty/loan/why.html )
When the lender makes a loan offer, it will provide a portion (normally 80%) of the price of the property, but not the closing costs (Notaire fees). It will provide the money directly to the Notaire at the time of closing and you will not have to be concerned with the transfer of it in any way.
You will, however, be concerned with the initial deposit, normally 10% of the purchase price of the property that is held by the Notaire in escrow. This money will be due upon the signing of the first contract — the Promesse de Vente or Compromis de Vente.
And you will be concerned with the remaining balance due of approximately 10% plus the Notaire fees of approximately 7.5% upon signing of the final contract — the Acte de Vente.
To clarify as an example on a property purchased for 500,000€:
Down payment: 20% / 100,000€
Less initial deposit: 10% / 50,000€
Remaining balance due at closing: 10% / 50,000
Lender contribution: 80% / 400,000€
Total price of property: 100% / 500,000€
Closing costs: 7.5% / 37,500€
Total cost of purchase: 107.5% / 537,500€
2) At the time of the signing of the Promesse or Compromis de Vente, you must have the deposit of 10% available in euros. At the time of the signing of the Acte de Vente, you must have the remaining balance of 10% plus closing costs available in euros. This is where a currency broker, such as Moneycorp, will be of great assistance and will save you quite a bit of money in the transfer.
Your commercial bank will not provide the same services as a currency specialist and will charge you approximately 2% to make the currency transfer, compared to a broker which will charge approximately 1%. On a transfer of such a great amount, as per the above example (137,500€), the savings alone would be 1,375€!
A currency specialist can advise you as to when is the best time to make the transfer to maximize the rate of exchange. And they can hold the money for as long as you like, however interest free.
First, you contact Moneycorp and open an account so that you are prepared to make the transfer. In consultation with your agent there, you will negotiate the rate and commit to a transfer contract.
The transfer of funds is quite simple. You instruct your bank to wire transfer the funds directly to Moneycorp. Moneycorp converts the currency to euros and either holds it until it receives further wire transfer instructions or it wire transfers it to the Notaire or to any account you wish.
3) Off-shore banking can be very useful in this scenario because, particularly for Americans dealing with dollars, where foreign currency accounts are not allowed, it enables an exchange of currency to occur at any time (when the rate is best!) and then ‘parked’ until it’s necessary in an interest-bearing account.
The wire transfer process is the same, using Moneycorp, to get the best rate of exchange, so rather than transfering the currency to the Notaire or holding it at Moneycorp, the transfer is made to the off-shore account.
There is absolutely nothing illegal about having an off-shore account and the bank, such as Caye International, will want full disclosure as to where the money is coming from and for what purpose it is held. The U.S. government requires that foreign accounts of more than $10,000 be reported on your tax return, but that alone, does not mean tax is due!
Our advice in making the most of moving your money:
Borrow as much as you can freeing your capital for other investments, then use your currency specialist and off-shore account wisely by making the currency exchange at the most opportune time, saving money by using the broker to make the transfer at a reduced rate and holding the funds in an off-shore account that grows!
h="285" height="223" align="left">Following the TGV
By Adrian Leeds
If you want to make a smart investment in France, follow the route of the TGV — the "Train à Grande Vitesse."
Destinations being serviced by the high speed trains are seeing tremendous growth as it becomes easier, faster and less expensive to travel there from Paris and other parts of the Europe. Have a look at what Wikipedia reports ( http://en.wikipedia.org/wiki/TGV)
France has around 1,700 km of LGV (lignes à grande vitesse, high-speed lines), with three lines under construction. The current lines and those under construction can be grouped into four routes radiating from Paris:
* West: LGV Atlantique to Tours and Le Mans.
* North: LGV Nord and High Speed 1 to London, with a branch going towards Brussels.
* East: LGV Est and LGV Rhin-Rhône to Strasbourg
* South: LGV Sud-Est, LGV Rhône-Alpes and LGV Méditerranée to Marseille, plus a (planned) branch towards the LGV Perpignan-Figueres.
In addition, the LGV Interconnexion Est connects the LGV Sud-Est to the LGV Nord around Paris, and the LGV Rhin-Rhône (under construction) will connect Strasbourg and Lyon.
1. LGV Sud-Est (Paris Gare de Lyon to Lyon-Perrache), the first LGV (opened 1981)
2. LGV Atlantique (Paris Gare Montparnasse to Tours and Le Mans) (opened 1990)
3. LGV Rhône-Alpes (Lyon to Valence) (opened 1992)
4. LGV Nord (Paris Gare du Nord to Lille and Brussels and on towards London, Amsterdam (HSL-Zuid) and Cologne) (opened 1993)
5. LGV Interconnexion Est (LGV Sud-Est to LGV Nord Europe, east of Paris) (opened 1994)
6. LGV Méditerranée (An extension of LGV Rhône-Alpes: Valence to Marseille Saint Charles) (opened 2001)
7. High Speed 1 (Channel Tunnel to London St Pancras International) (Phase 1 opened 2003, phase 2 opened 14 November 2007)
8. LGV Est (Paris Gare de l’Est-Strasbourg) (opened 10 June 2007)
Lines under construction
1. LGV Perpignan-Figueres (due to open 2009, TGV service 2012)
2. LGV Rhin-Rhône (Lyon-Dijon-Mulhouse) (due to open 2011)
3. HSL-Zuid (Brussels to Amsterdam) (although the track has been completed, it will not be operational until late 2007, beginning of 2008)
4. Haut-Bugey line – reconstruction of the Bellegarde – Bourg-en-Bresse line to reduce Paris-Geneva by 47 km and 20 minutes. Due to open in 2009.
1. Lyon Turin Ferroviaire (Lyon-Chambéry-Turin), connecting to the Italian TAV network
2. LGV Sud Europe Atlantique Tours-Bordeaux and LGV Bretagne-Pays de la Loire Le Mans-Rennes, extending the LGV Atlantique (also called LGV Sud-Ouest)
4. Bordeaux-Spanish border-Vitoria-Gasteiz and Irun 
5. LGV Poitiers-Limoges 
6. LGV Picardie (Paris – Amiens – Calais), cutting off the corner of the LGV Nord-Europe via Lille.
Beat the Easter Rush. Save Money…and Stress
Although property prices are set to rise in 2008, they rise more slowly at the start of the year. The French property market is also less busy, so you have more chance of securing the house you love. The result: you save money and stress by property hunting in France now, by beating the rush to France that will soon be upon us.
It is well documented in the press that the VEF Group has predicted that property prices in France will rise this year by an average of 8%. We also predict that certain areas of France with investment potential will see 10-15% price rises, and older stone properties will continue to rise by 20%. But this does not mean that prices rise evenly across the year.
Historically, in January and February prices tend to rise more slowly; but price rises accelerate at Easter and through the summer. This is because from Easter onwards there are more people chasing properties – thus pushing prices up faster. This is why it pays to find your property early in the year. But this is not the only reason to make a viewing trip before prices begin to accelerate…
Unfortunately, you will not be the only person viewing French properties on your trip to France! However, it stands to reason that the less people out in France looking means the more chance you have of securing the house you fall in love with.
The moral of the story: get out to France early this year – beat the rush, save money and reduce your stress levels.
In short, get that house first…before somebody else does.
New Resource for French Property Buyers
French land registry goes online, with English speaking version for foreign buyers
Tax authorities in France have now placed land registry plans online, which will be a useful tool for those considering investing in French property.
The new resource will allow potential buyers to view land and build
ing plots and their surface area
measurements, and users will also be able to order hard copy plans or print them from the site.
While there are still a few gaps in coverage at the moment, the whole country is expected to go online in a few months.
The authorities have also created an English version of the site which explains how it works and the terms on which it can be used, which no doubt will be an extremely useful guide for British buyers.
At present the plans do not show title boundaries as UK plans do, so in order to get accurate information about property ownership users will need to refer to the plot numbers that correspond to the title of the land.
Unlike the UK registry, the French plans will not show any personal information about the property owners or the price paid for the property.
Way to France Still Open
With the credit crunch grabbing so many headlines, many might find it hard to believe that there are still any prospects for French property.
Yet this seems to be far from the case. France retains an attractiveness and variety that should continue to keep the levels of interest high.
At least, this seems to be so in the case of the Côte D’Azur. This Mediterranean hotspot, is famous for its sun, sand, yachting and proximity to inland wine-growing areas, nightlife and cultural melting pots.
Confidence in this area, where buy-to-let investors will find plenty of tourists to rent to, is one thing. But France has many different markets for numerous tastes.
This being the week of Valentines Day, the "most romantic city in the world" – at least according to a car advert – had its charms featured in the Daily Telegraph this week. Living in Paris, of course, has taken on a new potential dimension with the arrival of the faster Eurostar, making possible a dual life of living in France and working in London.
For those looking to buy property there the fashionable areas remain expensive, the paper notes. Left Bank apartments now cost the tidy sum of £6,785 per sq metre. A rather more affordable offering would be a one-bedroom apartment in the Marais district at £285,000. In the same district Knight Frank is said to be trading loft apartments for £370,000.
Of course, in a city as large as Paris there are bound to be a varied range of flats and of course different attractions and features in each area. As ever, of course, the key for investors is to find something that can either be rented out or bought and then resold at a decent profit.
Getting into the property market in France to start with is not difficult, VEF Property has said. It noted in particular that if people were trying to buy in France but found that the sale of a UK property to fund the purchase was delayed, then it would still be possible to take out a short-term mortgage to the value of 85 per cent of the value of the French property.
This, the firm noted, gives the buyer new options. For one, such deals allow a year’s grace for the buyer to redeem the mortgage with no penalties, allowing an extra 12 months to sell the UK house, or alternatively, the UK house can be rented out to pay for the mortgage in France.
By having such deals available, UK property investors may just find they have that little bit extra flexibility to enter the French market or expand an existing portfolio there.
I Am Watching the Pennies for Chez Moi
By Jessica Brown for http://www.timesonline.co.uk
Exciting news — I have found my dream French property. It is perfectly located in the centre of the village and at, about 75 sq metres is much larger than the others in my price range.
And as it is owned by the estate agent there will also be no agency fees.
The only potential downside is that it is a two-room shell with no front door and a lingering smell of dust and mice.
However, as the renovation work is included in the price, it does mean that the compromis de vente will be more complicated than usual, as it has to include details such as the finish date, what happens if this is missed and what exactly is included in the price.
I do not want to discover six months down the line that my beautiful new bathroom does not actually come with a bath…
To read the entire article, visit http://business.timesonline.co.uk
French Property Draw for Irish Buyers
New routes to Paris from Ireland will boost property potential
Aer Lingus has announced a new route from Belfast to Paris, in the latest of a series of route expansions.
The new service will run from Belfast Central to Charles de Gaulle in Paris on a daily basis, and will offer one-way tickets from
little as £25, including taxes and charges.
It is thought that the new service could boost the number of Irish buyers looking for property in Paris.
Aer Lingus will redeploy one of the flights from its Belfast-Amsterdam service and give Irish customers greater choice when flying to European destinations with the new service set to launch on 30 March 2008.
For information on flights, see the Aer Lingus website http://www.aerlingus.com
Le Jardin Saint Paul
The "Fractional Ownership" Solution Update
By Adrian Leeds
Fractional ownership is a hybrid of direct ownership and time sharing, combining the best elements of both. The primary differences are that while timeshares involve many thousands of shares in a large complex with “resort” amenities and costs built specifically for that purpose, fractional ownership is joint ownership by only a few individuals in a single property whose value can easily be determined on the open market and for which there are very few, if any, resort amenities which must be managed and maintained (and paid for!). For Paris Home Shares, the city of Paris is it’s own resort!
See the Paris Home Shares Fractional Ownership Offerings:
LE JARDIN SAINT-PAUL — ONLY 3 SHARES LEFT!
The months currently available for 2008 are July, August and November.
Those who have purchased shares in Le Jardin Saint-Paul on Rue Ferdinand Duval, 4th Arrondissement, Le Marais, will be happy to know the renovation is complete! As a final touch, the granite counters were installed last weekend.
You can view a slide show of photos of the apartment at: http://www.flickr.com/gp/69276774@N00/07R372
To see a virtual visit of the apartment, click here: http://www.digitalive.fr/paris/tour.html
To those who have not yet purchased and are interested in learning more, the price of one share is now 92,000€. Only three shares remain for sale. They won’t last long.
To visit the site describing the property, visit
Apparently, rue Ferdinand Duval, home to Le Jardin Saint-Paul is THE TRENDY street in Paris. The attached article, highlighting rue Ferdinand Duval, was featured in the February 11, 2008 issue of ELLE magazine. We always knew that Jardin Saint-Paul was situated in a great little location. Now, apparently the secret is out…
To read the article in French, visit http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/ferdinand_duval_elle.pdf
NEW FRACTIONAL OWNERSHIP FOR SALE NEAR EIFFEL TOWER
Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Two-Bedroom, 88.1 m2
99,500€ / 12 Shares Available
Available for Use May 2008
Price increase scheduled late February 2008: 109,900€/share
If you would like to receive more information on this apartment, VISIT http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/chezlatour.html
NEW FRACTIONAL OWNERSHIP FOR SALE IN LANGUEDOC-ROUSSILLON
52,500€ for the first four shares / 10 shares available
Available for 5 weeks/year
Maison Bleue is a 3 tiered, 3 bedroom, 3 bathroom village home, with an open living room/dining area and a fully appointed kitchen. The house is furnished with a combination of French antiques, wicker and pine furniture, firm beds, unique lighting, fully equipped kitchen and many decorative items. It also includes Satellite TV, telephone, washer and dryer and all dishware and linens.
If you would like to receive more information on this apartment, visit http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/maisonbleue.html
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 v
isits and accompany you, negot
iate 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 March 11, 2008, and every second Tuesday of the month.
HOT PROPERTY PICKS: Loving Languedoc-Roussillon
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
***Carcassonne, Period House, 5 bedrooms, 200m²
Renovated period house. Main floor includes living room, dining room, kitchen with open fireplace, study with tile floor. First floor has 5 bedrooms with wood floor.
Asking Price: 435,000€ + 2.5% Finder’s Fee
***Perpignan, Villa, 6 rooms, approx. 176m²
Villa with lots of space in a contemporary style. Large living room, fully equipped, American style kitchen, 4 bedrooms, 2 large bathrooms, 2 separate toilets, large mezzanine, very bright, double windows.
Asking Price: 500,000€ + 2.5% Finder’s Fee
***Montpellier, Manor House, 10 rooms, approx. 400m²
Manor house from the 19th century. This magnificent building has lots of charm and potential with marble fireplaces, needs renovating. Includes a park of 6300m².
Asking Price: 520,000€ + 2.5% Finder’s Fee
ont> Paris Auctions Next Sessions: February 19, 2008 at 2 p.m. Notaires de Paris
Place du Châtelet
12 avenue Victoria
dth="285" height="202"> ont>
Next Sessions: February 19, 2008 at 2 p.m.
Notaires de Paris
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:
|STUDIO 26,73 m²
36 rue Marx Dormoy and 30 rue du Département
75018 PARIS 18th
Opening Bid: 62,000€
|2 rooms, 50,90 m²
38 rue Sambre et Meuse
75010 PARIS 10th
Opening Bid: 165,000€
|3 rooms, 73,8 m²
38 rue Campo Formio
75013 PARIS 13th
Opening Bid: 300,000€
|3 rooms, 75 m² duplex and terrace
48 avenue Despréaux
75016 PARIS 16th
Opening Bid: 500,000€
LEASEBACK NEWS FROM IMOINVEST
CAP AFFAIRES PAU
France, Atlantic Coast, Idron
Studio 19m² to 21m² €93,300 to €103,000
One Bedroom 32m² to 34m² €148,000 to €154,000
Two Bedrooms 62m² to 65m² €262,000 to €283,000
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME: 5.50%
THE OCEAN & PYRENEES MOUNTAINS
New build business/tourism residence boasting an excellent Location next to Pau, on the immediate ring road that joins the activity centres. Idron is situated on a rich fringe of lush green parks. By investing in an apartment within the Cap Affaires Pau business residence, investors will acquire a build-up of property assets with freehold benefiting from a privileged situation. This is a dynamic region carried by 4 strong sectors: Aeronautics, Agribusiness, New Technologies (Energy, Chemistry & Multimedia) and Tourism.
Discover this high quality building with large picture windows and professionally landscaped grounds. The comfort and services of this residence answer guests needs and ensure investment durability. All units are sold with a minimum of one parking place, two for larger apartments.
The Leaseback scheme provides residential management on the premises, full breakfast service, apartment cleaning and household linens. The Residence is equipped with a reception lounge and all kitchenettes are entirely equipped. Apartments include microwave ovens and dishwashers and the residence offers a self service laundry facility. Additional services include a computer room, WIFI, TV LCD.
- Tourism & Business Residence
– Aerial & Underground Parking
– Full services of Leaseback Scheme
– Apartments entirely equipped (Bathroom, kitchenette, laundry facilities)
SEEKING A MORTGAGE IN FRANCE?
When you make a purcha
se 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.
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 welcom
ing home – and a much bett
er alternative to an impersonal hotel!
Parler Paris Apartments is administered and serviced by the same great team as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.
One-Bedroom, Sleeps up to 4
L’Aubergine sits tucked away on an historic and quiet Marais "cul de sac," making it an oasis of peace and calm. This second floor apartment (two flights) has two large bright windows that face a classic Parisian courtyard. With digicode, intercom entry system and elevator, it has been completely renovated and professionally decorated to the height of luxury, with a soothing "aubergine" (eggplant) and taupe color scheme. Everything in the apartment is new, from the designer linens and towels, to the appliances and electronics.
Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/aubergine.html
or email: Apartments@AdrianLeeds.com
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 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com