On the Fast Track to Heavenly Homes

On the Fast Track to Heavenly Homes

Barging on Canal du Midi
Photo by Norm Hartman

(FOR SUBSCRIBERS ONLY)

French Property Insider

June 28, 2007
Paris, France
http://adrianleeds.com/frenchproperty/insider

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Bonjour French Property Insider Subscriber,

A weekend trip to London (where it was cold and wet) reminded us just how expensive property in London is compared to Paris and no wonder why the British are quickly heading south to Spain and France. We explore these ideas in today’s French Property Insider, including all the other destinations in France accessible by the high speed trains where property prices will undoubtedly increase, too.

On a religious note, buildings once belonging to the spiritual, are morphing into luxury residences loaded with quiet charm. They’re all over France and Paris, as the less-practicing young and modern French abandon these imposing structures making way for a new functionality. In fact, as I write this, an agent called to inform us of a property which just came on the market — a duplex in a cloister here in Le Marais converted to an apartment. Read more about the phenomenon and be sure to check out this week’s Hot Properties for conversions worth considering.

Let me remind you that shares of Le Jardin Saint-Paul are currently being offered and are selling quickly. This is Paris Home Shares newest apartment, just steps from rue des Rosiers and Métro Saint-Paul in Le Marais. For more information, visit:
http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/jardinstpaul.html

Next week I’m off to San Francisco for the Living and Investing in France Real Estate Conference July 7 and 8. There are only a few seats left! So, don’t delay in registering. Do it today! Visit: http://www.adrianleeds.com/frenchproperty/conference/LIF_SF_AF_July_2007/home.html

A Bientôt,

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

P.S. Don’t forget…Parler Paris Après Midi is one week early — this coming Tuesday, July 3rd from 3 to 5 p.m. at La Pierre du Marais — because I am traveling to San Francisco for the conference. http://www.adrianleeds.com/parlerparis/apresmidi.html

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Volume V, Issue 25, June 28, 2007

In this issue:

* High Speed Trains and Higher Home Prices
* Fast Track to the French Holiday Market
* Most Expensive European Property
* Religious Real Estate
* Navigating the Wealth Tax Waters
* Barge Living in France
* Expatica Welcome to France Fair
* FPI on House Hunters International – New Dates and Times!
* Living and Investing in France Conference, July 7-8, 2007 San Francisco
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: July 3, 2007
* Hot Property Picks: Heavenly Homes
* On the Auction Block: July 3, 2007
* Leasebacks: Terrasses du Parc, France, Mediterranean Coast, La Grand Motte
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments

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On the Fast Track to France
By Adrian Leeds

I boarded the train at 8:07 a.m. on Friday morning and by 9:51 a.m. I was in the queue for a taxi at Waterloo Station in London. By 10:15 a.m., I was unpacking. That’s how easy and fast it is these days to travel by train in Europe and becoming easier and faster by the moment. Once the Eurostar switches to St Pancras station in November, the time will be reduced approximately by another 20 minutes.

(Be sure to scroll down to read the article in today’s issue about the "Fast Track to France’s Property Secrets.")

That began a weekend in London and in Monday’s Parler Paris newsletter, I reported our findings:

Unfortunately, as we say, "London is not Paris," but it can be lots of fun in spite of the dreary weather (it rained all weekend long) and the exorbitant prices (everything is absolutely double the expense in dollars and even in euro value). We dared not shop for clothing (the sticker shock of a T-shirt will m

ake you swoon) or dine in the
better restaurants (even inexpensive sushi was a $45 tab), and tried not to take too many taxis (even the Underground is at the lowest £1.50 [$3] per ride compared to €1.09 [$1.45] for the Paris Métro and $1.67 on the New York Metro when you buy $20 worth of rides).

The wonderful aspects of London are of course, the theater life and abundance of great museums. We chose to see Victor Hugo’s "Les Miserables" (there we go…back to France!) which has played for more than 20 years at the Queen’s Theatre to a packed house. Three exhibitions got our attention and our visits: "Surreal Things" at the Victoria and Albert (known in London as the "V&A"), "How We are Photographing Britain" and "Hockney on Turner Watercolours," both at the Tate Britain.

No matter where you turn in London, there are signs of France, much more than there are of signs of Britain in Paris. Whether they will opening admit it or not, the British are enamored of France, if not of the French themselves, evident by their copycatting of French style. You will see eateries "Pret à Manger" (pronounced incorrectly as "prette a manghay"), a nightclub called "The Pigalle Club," one of France’s best chocolatier, "La Maison du Chocolat," a restaurant/brasserie call "Le Café Rouge," the Salon du Thé "Ladurée" and ashamedly, a restaurant named "Maison Blanc" (don’t they know "maison" is feminine and therefore "Blanc" should be "Blanche!?").

Back to the City of Light we came late last night and on route, my traveling companion and I agreed, both of us long time residents of Paris, that we still get no real kick or vibe from London like we do in other cities such as New York or Amsterdam and that there simply isn’t anywhere in the world quite like Paris. The moment we stepped outside the Gare du Nord to queue for a taxi home and saw the stone buildings along the boulevards so beautifully lit, we knew that the visual beauty of Paris would forever charm us and draw us always back to the city we call home.

It’s no wonder why the British are heading due south to France and Spain! And the new higher speed tracks are predicted to increase property values wherever the tracks lead. With train travel fast, easy and inexpensive, these areas of France will be magnets to foreign buyers. The hot spots in France to watch are:

* Aime-la-Plagne: Thalys (5h58 – winter only – 1 connection weekly)
* Aix-la-Chapelle: Thalys (1h38 – 7 connections), ICE (1h52 – 3 connections)
* Albertville: Thalys (5h02 – winter only – 1 connection weekly)
* Angoulême: TGV Bruxelles-France (4h55 – 1 connection)
* Antibes: TGV Bruxelles-France (6h58 – 1 connection)
* Arras: TGV Bruxelles-France (1h25 – 1 connection)
* Avignon TGV: Thalys (3h59 – été only – 1 connection weekly), TGV Bruxelles-France (4h58 – 2 connections)
* Béziers: TGV Bruxelles-France (6h26 – 1 connection)
* Bordeaux: TGV Bruxelles-France (5h55 – 1 connection)
* Bourg-Saint-Maurice: Thalys (6h18 – winter only – 1 connection weekly)
* Cannes: TGV Bruxelles-France (7h46 – 1 connection)
* Chambéry: Thalys (4h18 – winter only – 1 connection weekly)
* Douai: TGV Bruxelles-France (1h10 – 1 connection)
* Draguignan: (6h57 – 1 connection): TGV Bruxelles-France
* Haute-Picardie TGV: TGV Bruxelles-France (1h21 – 1 à 2 connections)
* Landry: Thalys (6h08 – winter only – 1 connection)
* Les Arcs – Draguignan: (6h57 – 1 connection): TGV Bruxelles-France
* Lille Europe: Eurostar (0h38 – 10 connections), TGV Bruxelles-France (0h38 – 5 connections)
* Lyon-Part-Dieu: TGV Bruxelles-France (3h40 – 3 connections)
* Marne la Vallée: TGV Bruxelles-France (1h15 – 6 à 7 connections)
* Marseille Saint-Charles: Thalys (4h30 – été only – 1 connection weekly), TGV Bruxelles-France (5h21 – 3 connections)
* Montpellier: TGV Bruxelles-France (5h47 – 1 connection)
* Moutiers-Salins: Thalys (5h37 – winter only – 1 connection weekly)
* Narbonne: TGV Bruxelles-France (6h41 – 1 connection)
* Nice (8h14 – 1 connection): TGV Bruxelles-France
* Nîmes (5h41 – 1 connection): TGV Bruxelles-France
* Perpignan: TGV Bruxelles-France (7h20 – 1 connection)
* Poitiers: TGV Bruxelles-France (4h07 – 1 connection)
* Saint-Pierre des Corps (Tours): TGV Bruxelles-France (3h32 – 1 connection)
* Saint-Raphaël – Valescure: TGV Bruxelles-France (7h17 – 1 connection)
* Sète: TGV Bruxelles-France (5h56 – 1 connection)
* Toulon: TGV Bruxelles-France (6h21 – 2 connections)
* Valence TGV: Thalys (3h26 – été only – 1 connection weekly), TGV Bruxelles-France (4h16 – 4 connections)

For the entire list of high speed train connections, visit: http://www.belrail.be/F/tgv/destinations.html

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Fast Track to France’s Property Secrets
http://www.telegraph.co.uk/
By Michael Streeter

High-speed Eurostar and TGV rail links are opening up a whole new holiday market.

The development of France’s high-speed rail network is opening up potential new markets for overseas buyers. Earlier this month, the new TGV East service from Paris to Strasbourg cut travel times by nearly half between the two cities. This will increase property prices not just in Strasbourg itself but in other destinations too, such as Reims and Colmar.

Planned improvements to the network in Brittany, the south-west and the south are likely to have a similar impact on the housing market in places such as Lorient, Narbonne and Angoulême. And it is not just French owners who will be looking to make the most of the train.

Thanks to the Eurostar service from London, Britons wanting to travel to their property in France by train can connect directly to the TGV network at Lille or
Paris.

ize="2">Since its first service began in 1981, the network of high-speed lines (LGV) and trains (TGV) has grown steadily in size and speed. The service now covers most of France including to the west into Brittany, the south-west, the south and parts of the centre east of the Massif Central. It is possible to travel from Paris down to Marseille on the Mediterranean coast by train in just three hours…

To read the entire artilce visit http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2007/06/23/opeuro23.xml

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London and Monaco are Europe’s Most Expensive Cities for Residential Property Buyers
http://globalpropertyguide.com
by Matthew Montagu-Pollock
Last Updated: January 16, 2007

Monaco is the most expensive location to buy an apartment in Europe.

Closely on its tail is Prime Central London, where 120m2 super-luxury apartments can cost £1,170,000 or £9,750 per square metre (sq. m.) (in Euro: €1,742,656, or €14,522 per m2). Apartments of 120m2 in other luxury areas of Central London are likely to cost £580,000 or £4,833 perm2 (€863,880 or €7,199). The large difference is explained by London’s highly segmented top-end market, with super-luxury apartments in absolutely prime areas commanding considerable premiums.

Paris and Amsterdam follow London. A 120m2 apartment in either of these cities has an average purchase price of €800,000 (€6,667 perm2).
Moscow is Europe’s sixth most expensive capital for buyers of residential property. And though apartments in Moscow can be rather rewarding for buyers in terms of rental income returns, investors should be aware of the high risks (purchases are cash-based, and the authorities can suddenly turn hostile).

Dublin makes an appearance among Europe’s most expensive cities in 10th place, with a high end 120m2 apartment on average costing around €600,000.

The Baltics, till recently Europe’s hottest residential investment destination, are now expensive. A high-end apartment in Central Vilnius, Lithuania will cost on average around €3,792 per sq. m (€455,000 for 120m2). Latvia follows closely with high-end apartments in Central Riga costing an average of €3,020 prm2 Rental yields in the Baltics have also dropped to very low levels.

There are still some very inexpensive capitals in Europe. Berlin, in particular (€3,167 perm2), is now experiencing inflows of foreign money in response to its relatively low prices. But much less expensive are Slovakia’s Bratislava (€1,292 perm2); Warsaw, Poland (€1,175 perm2); Skopje in Macedonia (€1,125 perm2) and Chisinau in Moldova (€917 perm2). It is to be expected that foreign buying in some of these capitals will accelerate.

Rental returns are falling…

The rental returns on owning apartments in Europe vary greatly – from around 14.13% in Moldova’s capital Chisinau, to 2.43% in Monaco. The trend is for rental income returns to fall, because rents are not keeping pace with prices anywhere in Europe. As 2007 dawns, rental returns are lower in most locations than they have been for 20 or more years.

To some extent rental returns appear to correlate with risk. Most of Europe’s ‘high yielding’ countries are in the East. Apartments in four Eastern European capitals earn above 10% rental returns: Chisinau, Moldova (14.13%); Warsaw, Poland (13.28%); Sofia, Bulgaria (10.56%); and Bratislava, Slovakia (10.06%). The higher risks of the East may be a factor in these returns (high corruption, political risks).

But risks are not the only factor. The Global Property Guide believes that the relatively recent arrival of the market economy, high interest rates, and relatively undeveloped mortgage markets. To illustrate, it would surely be hard to label the historic city of Bratislava, Slovakia, as a high-risk location, yet the rental income returns are excellent.

Western Europe generally suffers from another, different disadvantage: High taxation. There are high rental income returns to be earned in Amsterdam and Paris (8.25% in both), in Munich (7.80%) and Brussels (7.53%). But all four cities are high tax environments.(Poland and Moldova are also high tax for rental income.)

Property in Prime Central London returns surprisingly high rental yields, at 7.13%. Note that this “Prime” category encompasses relatively a narrow group of super-luxury apartments in absolutely prime areas (Belgravia, Chelsea, and Knightsbridge). The high returns in these select locations contrast with the significantly lower rental yields (5.79%) available in Central London’s other luxury areas (Kensington, Bayswater, Notting Hill Gate, St Johns Wood, Highgate, Islington, Highbury, and Primrose Hill).

Rental returns cannot fall forever…

Nowhere in Europe are rents keeping pace with the continued rise in property prices. This is cause for concern. At the Global Property Guide, we informally consider a danger signal to be rental returns of around 4% or below.

Several European capitals offer rental income yields around or below this 4% level. An example is Madrid, where rental returns are now at only 3.15%.

Prime London: Belgravia, Chelsea, and Knightsbridge.
Other London: Kensington, Bayswater, Notting Hill Gate, St. Johns Wood, Highgate, Islington, and Primrose Hill.

Source: Global Property Guide

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Religious Conversion
By Helena Frith Powell for the Times Online
http://property.timesonline.co.uk

Looking for an unusual French property? A former convent or monastery could be the order of the day.

"In A Time to Keep Silence" by Patrick Leigh Fer-mor, published in 1957, the writer and adventurer describes his stays in monasteries in France. He had to fall in with the rhythm of vespers and endure mealtimes when nobody spoke to each other — not everybody’s idea of a perfect holiday.

These days, however, some Britons are turning France’s religious buildings into secular homes — although a vow of silence is one original feature they are not keeping…

To read the entire artilce visit http://property.timesonline.co.uk/tol/life_and_style/property/overseas/article1966246.ece

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French Property: Wealth Tax
By Paula Hawkins for Times Online
http://property.timesonline.co.uk

How to navigate the French system and keep on the right side of the law.

If you own property in France and have to pay an annual wealth tax, you may be partly responsible. Many French people blame the influx of UK buyers into the property market for the fact that prices have increased so much that many now fall into the tax bracket.

The wealth tax, or l’impôt de solidarité sur la fortune (ISF), which is paid in June, is imposed on assets worth more than €760,000 (£514,000). If you are resident in France the tax is levied on your worldwide assets. If you own property in France, but do not live there, then the tax applies to your French assets only…

To read the entire article visit http://property.timesonline.co.uk/tol/life_and_style/property/overseas/article1966321.ece

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Barging In Paris
By Adrian Leeds

For the first time ever, 60 antique barges coming from around the world are currently assembled at the Bassin de la Villette from now till July 5th to meet and exchange ideas among their owners and Captains. Take in visits to the barges, demonstrations on how to maneuver a barge into the basin and manage the rigging. This event marks the opening of the season of the canals in France — 130 km crossing 5 departments and 2 regions. The canal system in France constitutes an historical inheritance and landscape unique to France, now greatly copied by other nations.

Living on barges moored at various ports in France is quite popular among North Americans, particularly in Paris and along the Canal du Midi in the region of Languedoc-Roussillon.

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I AM NOT A TOURIST
Expatica.com Welcome to France Fair
October 14th, 2007
Carrousel de Louvre, Paris
http://www.expatica.com/welcometofrance/

New to France or looking to make the most of expatriate life?

Get the information you need from companies and agencies specialized in expatriate services, from banks, investment firms and insurance companies to schools and tax agencies. You’ll find information on house hunting, finding a job, immigration and permits, staying long-term, and much more.

Meet the people who make expat life great, including the top clubs and associations, travel agents and sports teams.

Explore the expatriate life and your ambitions – higher education, career opportunities, your own business, travel and lifestyle possibilities. Every year, thousands of international managers and employees arrive in France. The I AM NOT A TOURIST Fair answers the 101 questions you have about living here, in a unique environment where you can meet the right people face to face.

News:

Expatica is proud to announce that Sir Peter Westmacott, the newly arrived British Ambassador to France, will be on hand to give the opening ceremony at the Fair. We are thrilled to have Sir Westmacott participate in our event and thank the British Embassy for their continued support.

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French Property Insider to be Aired on House Hunters International!!

New Dates and Times!

Settling Down in Paris

Angela and Ben met in 2003 when they

lived in Los Angeles wo
rking for the same clothing company. Now, the two are engaged to be married. When Ben started receiving frequent overseas work, the company believed he’d be more valuable in Paris, so they happily relocated. They immediately moved into a cozy rental in the 17th district near the Arc de Triomphe and started to explore the different neighborhoods of Paris. The pair is now ready to take the big leap and purchase an apartment to stay for good. Real estate agent Adrian Leeds is enlisted to help.

GUESTS:
Adrian Leeds
Property Search Consultant, Adrian Leeds Group
Web site: http://www.adrianleeds.com/frenchproperty/consultation

Episode HHINT-402
http://www.hgtv.com/hgtv/shows_hhint/episode/0,2756,HGTV_24956_50766,00.html

AIR TIMES:
• July 20, 2007 10:30 PM ET/PT
• July 21, 2007 2:30 AM ET/PT

Editor’s Note: Be sure to read the entire story about Ben and Angela on FPI issues: http://www.adrianleeds.com/frenchproperty/insider/members/content/pastissues/FPI_April_6_2006.html and http://www.adrianleeds.com/frenchproperty/insider/members/content/pastissues/FPI_June_22_2006.html

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Living and Investing in France Real Estate Conference
July 7-8, 2007
An Alliance Française of San Francisco Special Event!

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 conference 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 afternoons in San Francisco will point you in the right direction to make it really happen! Includes cocktail reception Saturday evening followed by an optional dinner with special guest speakers.

ONLY A FEW SEATS LEFT! For more information visit http://www.adrianleeds.com/frenchproperty/conference/LIF_SF_AF_July_2007/home.html or email info@adrianleeds.com/parlerparis

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Property Consultation, Search and Relocation Solutions
http://www.adrianleeds.com/frenchproperty/consultation

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
http://www.adrianleeds.com/frenchproperty/consultation/fpibrochure.pdf

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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:
http://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html

Charts
http://www.Moneycorp.co.uk/members/charts.asp
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.

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Parler Paris Après Midi
http://www.adrianleeds.com/parlerparis/apresmidi.html

Come for a drink and to meet and chat with other readers in Paris…

The next gathering is July 3, 2007, as Adrian Leeds will be in San Francisco hosting the Living and Investing in France Real Estate Conference, but normally every second Tuesday of the month.

 

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HOT PROPERTY PICKS: Heavenly Homes

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

*** Vouvant, Apartment in Historic Convent

Le Monastere Vouvant in Vendee, France is a quality renovation of an historic building in one of the 10 most beautiful villages in France, a real cité de character. At the rear of the former convent is a secluded 5 acre park leading down to the river Mere with private fishing and boating. Within the formal gardens is a large heated swimming pool. The front of the property overlooks the Romanesque church, village square and Marie of the medieval village of Vouvant. This ground floor apartment, opening onto the cloisters, is expected to sell quickly.

Asking Price: 370,000 € + 2.5% Finder’s Fee

*** Bourg St Andeol, Provence-Alpes-Côte d’Azur, Hôtel Particulier with 15th Century Cloister

In an attractive small market town, a stunning 17th century ‘hôtel particulier’ with a great view of the Rhône river, set out around a 15th century cloister. This unique property has a fully enclosed and well developed garden measuring 1,612m², which features a Turkish bath and eight-seater jacuzzi. The entire property was restored in 2003 and has 11 bedrooms, several of which come with ensuite.

Asking Price: 895,000 € + 2.5% Finder’s Fee

 

 

 

 

 

*** Perpignan, Languedoc, 11th-13th Century Monastery

Historic monastery set in 175 acres including vineyards and olive groves. Stunning, mountain views. Perpignan has daily flights from London and Paris, and offers Mediterranean beaches, with the Spanish border only 30 minutes away and skiing just over 1 hour away. 11th century chapel, 3 cottages, stables, vast barn and other outbuildings. Numerous commercial and residential uses.

Asking Price: 4,600,000 € + 2.5% Finder’s Fee

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Paris Auctions
http://www.encheres-Paris.com

Next Sessions: July 3, 2007 at 1:30 p.m.
Notaires de Paris
Place du Châtelet
12 avenue Victoria
Paris 1st

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:
http://www.adrianleeds.com/frenchproperty/insider/members/content/articles/auctions1.html

July 3, 2007 at 1:30 p.m.

House 237 m² with land of approx. 90 m² + 2 parking spaces
30 rue de Crimée
75019 PARIS 19th
Setting price on a higher bid: 919,600 €
Deposit: 183,920 €
3 rooms 47,67 m²
8 bis rue Amyot
75005 PARIS 5th
Openin

g Bid: 320 000,00 €
Deposit: 64 000,00 €

Building, 1,640,59 m², partly rented, on land of 631 m²
11 rue Euryale Dehaynin
75019 PARIS 19th
Opening Bid: 4,000,000 €
Deposit: 800,000 €
2 rooms 52,8 m²
118 avenue Félix Faure
75015 PARIS 15th
Opening Bid: 220,000 €
Deposit: 44,000 €
6 rooms 178,4 m² + 2 maid’s rooms
17 avenue Niel
75017 PARIS 17th
Opening Bid: 850,000 €
Deposit: 170,000 €
3 rooms 45,31 m²
5 rue Fondary
75015 PARIS 15th
Opening Bid: 190,000 €
Deposit: 38,000 €
4 rooms 84,05 m² rented
38 rue Lucien Sampaix
75010 PARIS 10th
Opening Bid: 315,000 €
Deposit: 63,000 €


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LEASEBACK NEWS FROM IMOINVEST
http://www.adrianleeds.com/frenchproperty/insider/sales/leasebacks/lb_list.php

TERRASSES DU PARC
France, Mediterranean Coast, La Grand Motte

Studio 15m² to 16m² €66,000 to €87,000

One Bedroom 23m² to 24m² €102,000 to €141,000

Two Bedrooms 31m² to 31m² €157,000 to €169,000

NEW LISTING

Guaranteed Buy to Let – Leaseback

GUARANTEED RENTAL INCOME UP TO: 3.75%

Lush green landscapes along the shores of the Mediterranean where the sun shines over 300 days a year. Located beachside in the heart of the Petite Camargue, La Grande Motte resort invites you to get away from it all. La Grand Motte is easily accessible just 23km east of Montpellier, 47km from Nîmes and 165km from Marseille. Still very much in fashion, the resort’s 1970s architecture inspired by the pyramids of Mexico is in perfect harmony with the environment of sea and sun.

Les Terrasses du Parc is a 3 story building comprising 50 studio to 3 bedroom fully furnished apartments with patios for extremely reasonable prices. The resort enjoys a Mediterranean climate and is open all year round, enjoying grand prix golf, a casino, festivals and carnivals. The development is surrounded by pine trees and located alongside the Grand Motte Park. It is close to the town centre and only 10 minutes away from the fine sand beach of the resort area. In addition, there is a pedestrian pathway to the beach from the development. Residence and nearby facilities include: parking, 42 hole golf course, casino, beach, sailing nearby, cycling, water skiing, spa, marina with mooring rings and many tourist sites.

The residence is already completed therefore investors will benefit from an immediate VAT discount and a guaranteed rental return of up to 3.75% paid net of all costs. The residence is approximately 15 minutes from Montpellier Airport and is connected by bus or tramway to the Montpellier TGV train station. Close by Montpellier, has witnessed a 25% price rise over the past 5 years and prices in the Languedoc Roussillon region are literally shooting through the roof. There is an extremely healthy demand and with prices like this you do not want to miss out!

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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.

Let us help yo
u secure a mortgage in France at a competitive interest rate. Visit http://www.adrianleeds.com/frenchproperty/loan for more information or contact Loan@AdrianLeeds.com
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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?

It’s easy…

1. Go to http://adrianleeds.com/frenchproperty/insider

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."

Simple!

Of course, we’re always happy to help, so if you do need assistance, send an email to members@fpinsider.com

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Insider Paris Guides Have a New Home

Insider Paris Guides started almost 10 years ago with the idea of creating an online electronic regularly updated listing of my favorite good-value restaurants. I wrote it one summer, listed 50 Paris restaurants and we called it the Leeds Good Value Guide to Paris Restaurants. It sold from the moment it hit cyberspace and over the years, guides were added to the roster. Today there are four guides:

Good Value Restaurants

You don’t need to be rich to dine well in Paris – you just need to know where to go. Enjoy fabulous three-course meals with wine for just $20 to $30, including tax and tip. Explore more than 200 hand-picked great-value restaurants.

Living in France

France may seem familiar, but nearly everything … from paying taxes to having a baby … is done quite differently. Get the practical answers to nearly 300 questions about making a life in France.

Expat Writers

Are you, like so many great writers past and present, drawn to and intoxicated by the City of Light? Discover the ins-and-outs of literary Paris whether you are a novelist, journalist, poet or just a dreamer.

Black Culture

This is the first guide of its kind, devoted to understanding and exploring the rich Black culture and vibrant Black community in Paris. Make the most of Paris’s multicultural sites, sounds and tastes.

Bastille Media took over the publishing responsibilities of the Insider Paris Guides this month and yes(!), we will continue to offer a discount to FPI subscribers.

The discount will be 10% off any guide and up to 25% off the entire
purchase (if two or more guides are purchased at the same time). But
the way you as a subscriber to FPI will take advantage of the discount has changed a bit. 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
order.

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: http://www.insiderparisguides.com/offer/fpi_offer.htm

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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
http://www.adrianleeds.com/frenchproperty/insider/members/content/pastissues/index.html

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

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HELPFUL CONVERSIONS FOR REAL ESTATE

1 square meter = 10.7639104 square feet

"Verdana">1 hectare = 2.4710538 acres

For more conversions, refer to: http://www.onlineconversion.com/

==== CLASSIFIED ADVERTISING ===

PARLER PARIS APARTMENTS
http://www.adrianleeds.com/parlerparis/apartments
Email: apartments@adrianleeds.com/parlerparis

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.

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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 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com

 

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