Offshore Tax Haven and Onshore Paradise

Offshore Tax Haven and Onshore Paradise

Dinard, Bretagne

(FOR SUBSCRIBERS ONLY)

French Property Insider

February 3, 2005
Paris, France
http://adrianleeds.com/frenchproperty/insider

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Bonjour French Property Insider Subscriber,

The first Tuesday of every February, my “copropriété” (homeowner’s association) meets for its annual “assemblée.” I wouldn’t miss it for the world. It’s life in Paris in a capsule.

Our building consists of four “maisons” surrounding a typical Marais cobblestone courtyard and in total, there are approximately 30 apartments. About two-thirds of the owners attend the meeting, the others giving proxy to other owners for decision-making. The copropriété consists of a broad spectrum of owners, however, I’m the only American. The manager of the association is a volunteer resident of the building — a very kind, elderly gentleman who has done a fine job of seeing to it that everyone is taken care of, and we know how difficult a task that must be.

At the meetings, the past expenses are reviewed and the new budget voted upon. Monsieur le Syndic complained about the SRU laws from 2001 which will require quite a bit more paperwork and reporting to the French government, designed to protect homeowners from management companies earning more than their fair share, but which would obviously slow down the process for a self-run association such as ours. the changes must be in effect by December 15, 2005.

One owner made a proposal regarding her penthouse/terraced apartment that required our vote — and after six years of trying to accomplish her task, it was approved and congratulations were offered. Le Syndic told us of a new discovery that was made while attending to flooding in the “cave” (cellar) — uncovering another layer of history in another level of cellars under the oldest of all the buildings — the one I live in from the 17th-century! Do I dare venture down there to see it?

Some serious tasks were voted on and some not so serious…yes, the stairwells would be repainted after receiving estimates for the work (the serious tasks) and yes, we’d hold another courtyard party this coming summer so we can all get to know one another (the not so serious tasks)!

Almost every Paris apartment owner is part of an association that manages the building on behalf of the homeowners. As an owner, you can expect to pay fees to support that effort and maintain the common areas of the building. They normally meet only one time a year, and any questions or proposals you might have must be submitted in writing way in advance of the meeting.

Scroll down for a re-look at the SRU laws…and while you’re reading, do not miss Robert Anthony’s reasoning and how France can be a tax haven! He made this presentation this past week to a group of (mostly) attorneys at the Franco-British Chambre of Commerce here in Paris.

Next week I’ll be writing you from post Mardi Gras à Nouvelle Orléans (Tuesday, February 8th), pre Living and Investing in France Conference that starts Friday February 11th at the Sheraton New Orleans. It’s still not too late to register — we’re extending the special discount to French Property Insider Readers. For more information or to register, visit http://www.adrianleeds.com/parlerparis/liveinfrance/LIF_NOLA/LIF_NOLA_home.html or contact Schuyler Hoffman who is taking registrations now at 1-310-427-7589, Email: info@adrianleeds.com/parlerparis.

A bientôt…

 

 

 

 

 

 

Adrian Leeds
Editor, French Property Insider
Email: Adrian@AdrianLeeds.com

P.S. Reminder: If you’re in Paris, don’t miss meeting other readers at Parler Paris Après Midi next Tuesday 3 p.m. to 5 p.m. at La Pierre du Marais. Visit http://www.adrianleeds.com/parlerparis/apresmidi.html for more information.

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Volume III, Issue 5, February 3, 2005

In this issue:

* Revisiting the 2001 SRU Laws
* Make Use of Your Entrepreneurial Friends in France
* An Attorney’s Free and Good Advice: How to Protect Yourself from Thieves
* Jean Taquet’s Monthly Q and A: Getting in Trouble with France
* Can the French Stop the Spread of English?
* Make Your Dream to Live in France Come True — Next Week in New Orleans
* France Can Be Your Best Tax Haven — Shocking?
* A Gardener’s Paradise in Brittany
* Hot Paris Property Picks: Lost in the City of Light
* Hot Property: Life in Bretagne
* Classified Advertising: vacation apartments

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The SRU Laws Revisited
By Schuyler Hoffman

Solidarité et Renouvellement Urbain (SRU), became effective June 1, 2001. This ambitious law modified eight government codes in order to organize th

e development of French cities, towns, and villages based on habitat, planning and transportation. Below is an outline of the ways this law affects real estate purchases:

* Period for Cancellation (“délai de rétractation”) Prior to SRU, a 7-day period to cancel a purchase contract existed only for new buildings. The period now applies also to older property as well. This is a major development, as it allows you to go back on a decision made too quickly… under pressure from hard selling, because other buyers were lined up and you were afraid the property would sell out from under you, or because you didn’t get time to do proper checks.

Regardless of the age of the property, you can use this time to get proper information before finalizing the deal. Talk to the neighbors to find out if other neighbors are noisy. Visit the neighborhood at different times of the day. Contact the “syndic” (the organization in charge of the upkeep of the building) to find out if any future repairs are in the air, or if any co-owners are behind in the payment of their maintenance charges (in which case you would end up paying for them).

If you change your mind within the 7 days you must send a registered letter with acknowledgment of reception (“lettre recommandé avec avis de réception”). When done following the proper procedure, you can then walk away from the transaction.

* Down Payment to Close the Sale (“versement d’argent”) It is common practice to put down a check for 10% of the buying price to close the sale. Your check will normally be deposited straight away. The new law states that there should be no payment before the 7 day cancellation period is over. However, there is an exception for new buildings and houses.

If you are going through a real estate agent (“agent immobilier”) and he or she has professional insurance (“garantie financière”), they are allowed to accept a down payment. The deposit must be refunded within 21 days if you change your mind. A private owner or “notaire” may ask you for the down payment only after the 7 days are up.

* Promise to Buy (“promesse d’achat”) The document binding the buyer and the seller is called the “promesse de vente” (promise to sell). It has been common practice amongst real estate agents to ask the buyer to sign a “promesse d’achat” (promise to buy), binding only the buyer who agrees to buy at a certain price. This is usually done when the price the buyer is agreeing to is different than that proposed by the real estate agent. The agent then must see if the seller will agree to the new price. Under SRU, no payment is allowed in this case. If any payment is made, the contract will be considered null.

* Certificate of Asbestos Check (“certificat d’absence d’amiante”) SRU mandates that the “promesse de vente” must have the certificate of asbestos check attached to it, showing if there is any material in the property containing asbestos. It is obvious you should refuse to buy the property if there is any asbestos, or, if you choose, put a written condition (“clause suspensive”) in the promesse de vente asking for the replacement of the contaminated objects.

* Technical Diagnosis and History of Work and Repairs Done on Buildings (“établissement d’un diagnostic technique et carnet d’entretien”) Any building over 15 years of age should have a technical diagnosis certifying that the building is in good condition. It is one of the notaire’s responsibilities to verify this. Also, the syndic is required to have a logbook with the history of repairs and maintenance work done on the building. You need to ask the syndic if you want to consult this document.

* Buying Land to Build (“terrain à bâtir”) There must be a legal description of the land you’re buying, with proper reference number (in compliance with French laws), limits, size etc.

There are many regulations and laws concerning real estate in France that seem to work against a buyer. Laws like SRU are doing more and more to protect the public from wrongs and abuses that occurred far too often in the past. It is important to be aware of your rights under the law. If you are considering a purchase here make sure you consult with professionals who know the law before making any commitments.

If you are interested in reading the full text of the SRU law, the official document, in French, can be found at http://www.assemblee-nationale.fr/projets/pl2131.asp/

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Starting Your Business in France With Some Help from Your French Friends

The Paris Ile de France Agence Régionale de Développement has one primary goal in mind…to create jobs in the Ile de France. Naturally, bringing in large corporations from other parts of the globe creates more jobs faster, but they don’t discount the need for mom-pop businesses to start-up and prosper.

For those of you considering this, they make their information and services available and recommend professionals who can help. They have agreed to provide us with their “Living and Working in the Paris Region Practical Guide” for all attendees of the “Living and Investing in France Conference” this coming February 11 – 13, 2004 in New Orleans and John Howell will be addressing the topic of “Starting a Business in France” — he’s just about to release his new book, “Starting a Business in France,” published by Cadogan Guides. The agency has also pledged to make a presentation at the “Working and Living in France Conference” this coming May 20 – 22, 2005 here in Paris.

Not surprising is that commercial property is just as solid an investment as residential property in Paris, if not more so. For the 1999 – 2002 period, Paris property showed a return of 13.8% compared to 9.1% for London and represents the largest commercial property market in Europe.

For more information and to order their brochures and materials, visit http://www.paris-region.com/ard_uk/default.asp

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AN ATTORNEY’S ADVICE — SECURING YOUR PERSONAL BELONGINGS<

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Read this and make a copy for your files in case you need to refer to it someday. Maybe we should all take some of his advice!

A corporate attorney sent the following out to the employees in his company:

1. The next time you order checks have only your initials (instead of first name) and last name put on them. If someone takes your checkbook, they will not know if you sign your checks with just your initials or your first name, but your bank will know how you sign your checks.

2. Do not sign the back of your credit cards. Instead, put “PHOTO ID REQUIRED.”

3 When you are writing checks to pay on your credit card accounts, DO NOT put the complete account number on the “For” line. Instead, just put the last four numbers. The credit card company knows the rest of the number, and anyone who might be handling your check as it passes through all the check processing channels won’t have access to it.

4. Put your work phone # on your checks instead of your home phone. If you have a PO Box use that instead of your home address. If you do not have a PO Box, use your work address. Never have your SS# printed on your checks.(DUH!) You can add it if it is necessary. But if you have it printed, anyone can get it.

5. Place the contents of your wallet on a photocopy machine. Do both sides of each license, credit card, etc. You will know what you had in your wallet and all of the account numbers and phone numbers to call and cancel. Keep the photocopy in a safe place. I also carry a photocopy of my passport when travel either here or abroad. We’ve all heard horror stories about fraud that’s committed on us in stealing a name, address, Social Security number, credit cards.

Unfortunately, I, an attorney, have firsthand knowledge because my Wallet was stolen last month. Within a week, the thieve(s) ordered an expensive monthly cell phone package, applied for a VISA credit card, had a credit line approved to buy a Gateway computer, received a PIN number from DMV to change my driving record information online, and more. But here’s some critical information to limit the damage in case this happens to you or someone you know:

1. We have been told we should cancel our credit cards immediately. But the key is having the toll free numbers and your card numbers handy so you know whom to call. Keep those where you can find them.

2. File a police report immediately in the jurisdiction where your credit cards, etc., were stolen. This proves to credit providers you were diligent, and this is a first step toward an investigation (if there ever is one).

But here’s what is perhaps most important of all: (I never even thought to do this.)

3. Call the 3 national credit reporting organizations immediately to place a fraud alert on your name and Social Security number. I had never heard of doing that until advised by a bank that called to tell me an application for credit was made over the Internet in my name. The alert means any company that checks your credit knows your information was stolen, and they have to contact you by phone to authorize new credit.

By the time I was advised to do this, almost two weeks after the theft, all the damage had been done. There are records of all the credit checks initiated by the thieves’ purchases, none of which I knew about before placing the alert. Since then, no additional damage has been done, and the thieves threw my wallet away. This weekend (someone turned it in). It seems to have stopped them dead in their tracks.

Here are the numbers you always need to contact about your wallet, etc., has been stolen: 1.) Equifax: 1-800-525-6285 2.) Experian (formerly TRW): 1-888-397-3742 3.) Trans Union: 1-800-680-7289 4.) Social Security Administration (fraud line): 1-800-269-0271

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Jean Taquet’s Practical Answers: Can I get in trouble for helping a friend?
February 1, 2005

QUESTION
Am I putting myself (and family) at risk if I provide someone who is not in France legally with a certificat d’herbergement (affidavit of lodging)? I am an American holding a 10-year resident’s card. My Filipino nanny lives in our chamber de bonne (maid’s room) on the top floor of our building. Our nanny has been in France illegally for over 10 years and works for cash. She plans on applying for a carte de séjour. She has asked me for an affidavit of lodging, telling me that it is a crucial document for the file to be submitted to the prefecture. I would love to provide her with one, but do not want to get into trouble. Not being French, I do not want to risk losing my legal status in France.

Are we at risk if we provide her with an affidavit of lodging? I would appreciate your advice on the matter.

ANSWER:
How dangerous it is for you to do that depends on how dangerous her situation is. Right now she is sans-papiers, which means she is an illegal immigrant and therefore a “criminal.” In this analysis, you become an accomplice of a criminal and can face charges. On the other hand, she could qualify for being regularized which means she would acquire legal status in France.

Therefore, the safest thing to do is to have a very competent professional evaluate her file and her chances of getting the status. Except for very rare occasions, this type of request is quite straightforward, provided each year of residency is solidly documented. For example, I only guarantee success when the applicants have ten documents proving residency per year for all ten years. On the other hand, I must tell you that without this certificat d’herbergement, the chances of success of this request are ZERO. I cannot see how she can get proof of lodging from another person and the prefecture in those cases is very reluctant to accept domiciliation, which is in effect a fictitious legal address.

The current legislation states that a foreigner who has lived more than ten years in France, even as an undocumented immigrant, has earned the right to live legally in France. Therefore, neither of you can be prosecuted for anything to this point. Everything depends on the chances of this request being accepted. As long as every year of those ten ye

ars is sufficiently documented beyond a reasonable doubt (the prefecture demands a minimum of 2 administrative documents per year), then your risk is zero.

On the other hand, should the request be denied, regardless of the reason, there is a small chance that you could be treated as an accomplice, provided that the court rules in favor of her deportation. You could be fined and charged penalties as well as forced to pay very high taxes based on the fact that this nanny worked for you for years without being declared. That said, I really do not see how you could lose your carte de resident even if you are found to be her employer. Without going into too much detail, from a liability point of view you would be better off “sponsoring” this request, even to the extent of offering a working contract, which would considerably help her chances of success. In other words, either you make sure that your name does not appear anywhere in the file, or you help her as much as you can.

Editor’s Notes:

Jean Taquet is a French jurist and associate member of the Delaware Bar Association, specializes in civil, criminal and commercial law. He frequently gives courses about the legal system in France and regularly speaks at the Living in France Conferences in the U.S. and Paris. He is also well known for his informative Q and A columns in past Paris Voice magazines, which can now be purchased in one document as “The Insider Guide to Practical Answers for Living in France

To subscribe to his monthly newsletter, email Jean Taquet at qa@jeantaquet.com

To make an appointment with Jean Taquet for his consultation services:
Phone: Cell: 06.16.81.48.07 or email qa@jeantaquet.com

To read this month’s column in it’s entirety, click here:
http://www.adrianleeds.com/parlerparis/practicalanswers.html

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Paris Culture Police Pull the Plug on L’Anglais Chic

Times Online World News January 31, 2005
http://www.timesonline.co.uk/article/0,,3-1463682,00.html
From Adam Sage in Paris

TELEVISION channels in France have been told to translate the titles of programs such as La Star Academy and Popstars into French under the latest attempt by language police to halt the spread of English.

The order comes from the country’s Higher Audiovisual Council (CSA), which is angry that a growing number of programs — including many reality series — are given snappy English names. “This results from the idea that English is superior and stems from a widespread sentiment of the inferiority or outdated nature of the Francophone culture,” the CSA said.

Members of the CSA want to shore up the law which requires that all foreign expressions are translated into French on television and radio, inside the workplace, on commercial products and in advertising.

Passed in 1994, the legislation has been implemented to varying degrees as France has swung between impassioned defense of the French language and concern that its youth is failing to learn “l’anglais.” Television stations have largely ignored the ruling as they have imported AngloSaxon programs and awarded them English-language names that are seen as modern and fashionable.

Le Bachelor, La Hit Machine, Loft Story, La Star Academy, and Popstars are among the reality television shows that have been highlighted by the CSA.

Cartoons, such as Totally Spies and Funky Cops, have also ignited official ire.

In its directive the CSA gave television stations a choice between scrapping the English names and finding a French equivalent, or using a double title in both languages.

The body went on to address the issue of “franglais,” which is creeping into French television through expressions such as “le prime du samedi soir” (the prime-time Saturday evening show).

Although such terms could be described as linguistic creations, their spread “gives the public the impression that reality television shows are more admirable, desirable, fashionable and with it for having received the approval of the Anglophone world,” the CSA said.

The warning comes as France struggles to reconcile President Chirac’s vision of a multi-polar world with the demands of the global economy.

Lost in Translation
Present titles and the possible changes
La Star Academy — L’Ecole des Vedettes
La Hit Machine — La Machine à Succès
Loft Story — Histoire d’un Loft
Popstars — Vedettes de Variétés
Totally Spies — Des Espions à Part Entière

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DISCOUNT EXTENDED TO ALL READERS OF FRENCH PROPERTY INSIDER AND PARLER PARIS…REGISTER NOW BEFORE IT’S TOO LATE.

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In one fun-filled and informative weekend, you will have everything you need to make it happen. We are going to teach you how to…

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Living and Investing in France
February 11 -13, 2004
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Click here to learn more http://www.adrianleeds.com/parlerparis/liveinfrance/LIF_NOLA/LIF_NOLA_home.html
or email Projects Manager, Schuyler Hoffman at :info@adrianleeds.com/parlerparis

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How France Can Become an Attractive Onshore Jurisdiction for High Net Worth Individuals
By Robert Anthony

France is seldom seen as a low tax jurisdiction. When carefully structured, there are several very interesting onshore solutions for High Net Worth Individuals under French tax law. With careful structuring a marginal taxable income tax rate which is under 50% can be reduced to between 0 – 10% of taxable income — a figure which is below the rate in Switzerland and the other countries of the European Union. Therefore, it is interesting to explore the tax-planning tools that make France an interesting onshore jurisdiction.

1/ How to structure the purchase of property to a legal & fiscal advantage Two things that can be combined are of great interest when purchasing a French-based property: the use of the SCI or French civil code-real estate company for inheritance law purposes, and the use of loans to mitigate or cancel any wealth tax liability as well as inheritance tax obligations. However, if a non-resident purchases a property through an SCI, the French inheritance law will not be applicable as the SCI shares will be subject to the inheritance law of the last country of residence. Even in the case where the children own part of the SCI shares in order to reduce future inheritance tax, we can arrange that the surviving spouse has the right to use the property and the control of the voting rights by having more that 50% of the shares. To protect the client, French control and management of the SCI is important.

2/ The lowering of taxation on unearned income by using an umbrella insurance fund First of all, it is important to note that life insurance has been regulated in the European Union. The third directive 92/96EEC of November 10, 1992 on the coordination of laws, regulations and administrative provisions relating to direct life insurance is fully applicable. A foreigner taking up residence in France, using a French approved insurance plan for their investments, can make a considerable difference to the ultimate taxation on any withdrawals, gains and estate duty. We like to call this an “approved umbrella insurance investment policy.” Ideally, it ought to be taken out prior to becoming resident in France.

3/ Reducing the tax on earned income by way of property investments The regime of the LMP (the professional renting of furnished property regime) is especially adapted to clients who wish to become French tax resident as it allows them to reduce their income tax on other earned income taxable in France. Clients who have retired in France and acquired directly or indirectly a property in France and have invested in an approved life insurance policy, may be taxable in France on their pensions, for instance, or any other earned income. This tax burden can be mitigated or canceled by using another tax planning tool available to individuals who are resident in France for tax purposes.

4/ New-Zealand trust structure, an interesting scheme that is useful for tax planning purposes The New Zealand trust is a very attractive instrument, which can be used either for owning a property through an SCI, with an intermediate foreign entity (a Luxembourg SOPARFI, for example) or a life insurance policy. Basically, there are four main points of interest: the New-Zealand tax treaty protection, its attractive tax regime for non residents, the avoidance of the new savings tax directive planned by the EU and the protection of Qualified Intermediaries.

Retirement or investments correctly structured in France can be a pleasant experience from a taxation point of view. It is important to be advised on the correct structure and investment. Even an approved investment needs to be chosen carefully as it can effect the tax rate. This obviously depends on the sums involved, the finance and the management needs. In addition, it is advisable to restructure its assets before taking residency in France. There are onshore tax planning tools for individuals in France that resident and non-resident individuals can enjoy. Due to international trends, onshore solutions should be carefully analyzed. We would like to repeat that France is a good place to be, not just for the sun, food, wine and healthy lifestyle. With carefully thought out tax planning, it can also be a tax haven!

Editor’s Note: Professor Robert Anthony is Principal Partner at Anthony & Cie, International Tax and Property Planners, Sophia Antipolis and Paris, France
Tel. +33 (0)1 53 43 01 01, infoparis@antco.com, http://www.antco.com

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A Luscious Paradise in Brittany
Reprint from Agence France Presse

There is an island off the windswept northern coast of Brittany where palm trees nestle with Bolivian fuchsias. Cecile Azzaro reports from the gardener’s paradise of Bréhat, blessed by a very special micro climate.

In blues and reds and mauves and yellows, bucketfuls of blossoms native to the more exotic climes of Africa, Asia or Australia spill surprisingly across this tiny isle a stone’s throw from the habitually wet and windy coast of western France.

Bréhat is washed by the Gulf Stream, lending it an almost tropical air. Though set in a Celtic corner of Europe not unlike chilly Ireland, Scotland or Wales, much of the coast of France’s Brittany region is washed year round by the warm waters of the Gulf Stream, lending it an almost tropical air.

So the island of Bréhat, not far from the old fishing town of Paimpol, all
year round is embellished by blue agapanthus or hydrangeas, yellow mimosas and flowering eucalyptus, and pink and red geraniums and camellias.

Locals say the lush garden-island is due to what they proudly call “le micro climat.”

In gardens behind thick ancient walls of granite stone, violet-hued bushes of Bolivian fuchsias flower alongside scarlet amaryllis, yellow broom from Spain rustles by spiky agaves native to America, and wild and wonderful bougainvillea nudges at clumps of tall white arum lilies from Africa.

Palm trees oddly sprout on the horizon, and oxalis, a kind of pink and white clover, borders the bottom of the walls.

“It’s a little like the West Indies here,” says Bréhat Mayor Yvon Colin, who presides over a yearlong population of 350. “We have a real micro-climate on the island, which is quite warm and makes the flowers grow.”

For gardening enthusiasts as well as for nursery-owners, Bréhat is paradise. In the village, tall walls of geraniums grow to the rooftops while hydrangeas in a handful of hues blossom for months at a time.

“On average the temperature here dips to six degrees centigrade (43 F) at the very coldest,” said the mayor. “It rarely freezes, and not for long, and it’s been several years now that we haven’t seen any morning frost.”

The Gulf Stream that brings the island its balmy climate is a warm ocean current flowing from the Gulf of Mexico towards Newfoundland, then continuing across the Atlantic ocean towards northwest Europe.

“We aren’t the only island to benefit,” says the mayor. “There’s the island of Batz (off Roscoff, not far away) too as well as part of the Brittany coast.”

For gardening enthusiasts as well as for nursery-owners, Bréhat is paradise.

Its exotic plants were first imported by its ancient population of sailors
“Things grow all the time, even in winter, there’s no stop,” said Laurence and Charles Blasco, who opened a nursery on the island six years ago. “And then in spring, the vegetation just explodes. Geraniums here for example are much bigger than on the mainland.”

Bréhat, a skinny isle graced by giant pink boulders and a lighthouse at one end, and rambling garden walks at the other, boasts both species native to Brittany, such as heather, and Mediterranean plants, such as fig trees, palm trees and ilex, or holm oak.

Its exotic plants came by way of its ancient population of sailors and fishermen, who brought back from their travels agapanthus from South Africa, camellias from China and a host of varieties from New Zealand, Australia or from the more nearby Canary Islands.

As the island has little rain, the exotic and Mediterranean varieties capable of resisting drought thrive on Bréhat, said Laurence Blasco, who has a collection of 130 agapanthus varieties.

Native islanders meanwhile have a passion for native plants, enthusiastically exchanging seeds and cuttings and collecting new varieties to bring home.

“I think our ancestors loved flowers and that tradition is still alive,” says Mayor Colin.

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TODAY’S CURRENCY UPDATE

A service of http://www.xe.com
Subscribe for free at: http://www.xe.com/cus/

Live mid-market rates as of 2005.02.03 12:45:38 GMT.

1 U.S. Dollar equals 0.768444 Euros (0.767746 Euros last week)
1 Euros equals 1.30133 Dollars (1.30251 U.S. Dollars last week)

1 U.K. Pound equals 1.45055 Euros (1.44497 Euros last week)
1 Euro equals 0.689392 U.K. Pounds (0.692057 Pounds last week)

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HOT PARIS PROPERTY PICKS: LOFTS IN THE CITY OF LIGHT

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/insider/propertyconsultation.html

75 PARIS 3RD SQUARE DU TEMPLE

2 Rooms, loft, 56m², close to Square du Temple, in a beautiful old building, renovated with 15m² of mezzanine, duplex with high ceilings, lots of potential, sunny and quiet.

Asking Price: 310,000 Euros + 2% Finder’s Fee

 

 

75 PARIS 14TH MONTPARNASSE

4 Rooms, 71m², near Port Royal and Observatoire, an exceptional and real artist’s studio, ideally situated in the artist’s quarter of Montparnasse, in a beautiful old building from 1930, with triple exposition, a view of the gardens of the Convent of Notre Dame de la Paix, 5 meter high ceilings, very sunny, 3 bedrooms.

Asking Price: 520,000 Euros + 2% Finder’s Fee

75 PARIS 10TH EXCULSIVE LOFT

4 Rooms, 110m², entry, double living room, American kitchen, 2 bedrooms, bath and toilet, exposed wood beams, parquet flooring, fireplace, quiet, sunny, terrace.

Asking Price 710,000 Euros + 2% Finder’s Fee

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HOT PROPERTY IN BRETAGNE

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/insider/propertyconsultation.html


22 PLESTIN LES GREVES
Six room, 91m², facing the sea! Four bedrooms, close to the beach, land of 338m².

Asking Price: 213, 230 Euros + 2% Finder’s Fee

 

 

 

22 PLOURIVO

Four rooms, 131m², a real mill with its mechanism and wheel. Renovated in good quality, all modern, on land of 27,000m2, 3 bedrooms, southern exposition.

Asking Price: 259,078 Euros + 2% Finder’s Fee

 

 

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PARLER PARIS APRES MIDI

NEXT MEETING: Tuesday, February 8th, 2004 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.

For a detail description of the past meeting and for more information
about Parler Paris Après Midi, visit:
http://www.adrianleeds.com/parlerparis/apresmidi.html

LOCATION:
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

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INSIDER PARIS GUIDES DISCOUNT FOR FPI SUBSCRIBERS

Don’t forget that with your FPI subscription you are entitled to a discount on the purchase of any Insider Paris Guides. You’ll find details of the guides at http://www.insiderparisguides.com/. When ordering, a box will pop up allowing you to enter the following username/password

Order more than one guide at a time and you will receive an additional discount!

Username: propertyinsider
Password: liveinfrance

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THINGS YOU NEED TO KNOW

- To access this password protected page:

The username is: fpisubscriber
The password is: paris1001

If your computer utilizes cookies, once you log into a subscriber only section, the login information will remain active for seven days, after which you will have to login again.

- 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 http://www.adrianleeds.com/frenchproperty/insider/subscribersonly/pastissues/index.html

- To receive your free French Leaseback Report or the Paris Property Report, click on
http://www.adrianleeds.com/frenchproperty/insider/subscribersonly/reports.html

======= CLASSIFIED ADVERTISING ======

==AP

ARTMENT RENTAL==

The best and easiest way to find an apartment in Paris…

So, you want to rent your own “pied-à-terre” for a week, a month or a year? It’s easy — there are thousands of apartments in Paris to call home, but it’s not so fast and easy to surf through all the thousands to fine the one perfect for you.

For just $39, we’ll do all the legwork and you’ll just move in and unpack. Let us do a customized search for you with our favorite short-term vacation rental agents!

To start your search, contact Yolanda Robins at Adrian@AdrianLeeds.com

==APARTMENT RENTALS==

For all short term rental apartments in Paris, take a look at http://www.adrianleeds.com/parlerparis/apartments or http://www.adrianleeds.com/frenchproperty/insider/longterm.html for long term apartments.

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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/

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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

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Copyright 2005, Adrian Leeds Group, LLC

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