On the Slopes of France or Sitting Next to the Fire
A bright winter day in Les Gets, France
(FOR SUBSCRIBERS ONLY)
December 28, 2006
Bonjour French Property Insider Subscriber,
In just a few days, we will say goodbye to 2006 and welcome in the new year with our family and friends. For many, these are relaxed days in cold climates taking advantage of the snowy season to hit the slopes or drink a hot toddy around a glowing fire.
France is brimming with ski resorts and cozy chalets in which to call home while testing the down hill adrenalin. In today issue, the last issue of the year, we honor these special areas of France that give devoted skiers a reason to visit them year after year and possibly own an A-shaped home with a big fireplace and ski wear in the closets.
Property prices for all of France for third quarter have been recently published, showing continued stability, but slower growth. Have a good hard look at how real estate countrywide has continued to prove to be a worthwhile investment for more the last 13 years.
We also wouldn’t want to ignore the "bubbly" at this time of year! Don’t miss what one little French town is doing to preserve its legendary origins of sparkling Perrier! To this particular town, it’s more important than Champagne!
Tomorrow John Howell and our team of experts will be making important presentations to a group of eager investors at the Living and Investing in France Real Estate Seminar here in Paris. There is still room for last minute attendees…registration is at 8:30 a.m. at Chez Jenny. Be there if you can — there is nothing else you can do in less time and as inexpensively to learn all you need to learn to make your dream to live in France come true.
I hope to see you there…
A Bientôt et Bonne Année!
Editor, French Property Insider
P.S. Have you visited http://wwwadrianleeds.com/frenchproperty/loan ? This is a great place to start to determine your buying power before starting to visit apartments or homes!
Volume IV, Issue 50, December 28, 2006
In this issue:
* France Property Prices Stay Steady
* Small Town Tries to Preserve Perrier
* Skiers Compete Over French Properties
* Holidays on the Slopes in France
* Win an Alpine Ski Package!
* Living and Investing in France Real Estate Seminar December 29, 2006
* Vive la France Property Show, London, January 17-21, 2007
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: January 9, 2007
* Hot Property Picks: A Chalet to Call Your Own
* Leasebacks: Balcons de Recoin, France, French Alps, Chamrousse
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments, Attic Lumière, Le Panthéon, La Cellette
France Property Prices Remain Stable 3rd Quarter
By Adrian Leeds
According to the INSEE (Institut National de la Statistique et des Études Économiques) and FNAIM (Fédération Nationale de l’Immobilier), during the month of November 2006, deeds of resale homes registered showed small decrease of -0.6%, while the prices of apartments remained stable. For the quarter, prices for both homes and apartments increased slightly at +0.9% with an annual growth of +7.3%. The growth is about 3 points less than the growth shown over 2005.
The years 2004 to 2005 showed the most growth, annually 15.5%, but we see prices stabilizing over 2005 and now in 2006.
All of France has experienced a strong property market growth since a low in 1992, thanks to the solvency of the buyers: the power to purchase due to increased personal revenue, low interest rates and long term mortgages, favorability toward resale properties and the continued appreciation of housing prices.
Interest rates remain favorable to buyers. In spite of slight increases this past ye
ar, more lenders are
offering longer term loans and more creative solutions. Loans of up to 30 years are now possible and interest rates remain between 3.55% and 4.2% on fixed-rate loans.
Paris naturally offers the highest cost per square meter apartments at 5853€, seconded by the Côte d’Azur with 4237€ in Cannes and 3612€ in Nice, however the strongest growth countrywide is on the east with as much as 18.9% in Nancy and 15.5% in Dijon.
French Village Fights for Their Perrier
LES BOUILLENS, FRANCE — The mayor of this small village has taken legal action to rename his village with the Perrier brand, claiming that Nestlé plans to move its Perrier bottling plant overseas, a December 20 Guardian Unlimited story reported.
The Perrier water comes from a spring adjoining the village. Vergèze, which was once named Les Bouillens, meaning "bubbling spring." The mayor wants to rename the village "Source Perrier," in hopes of taking ownership of the name brand to keep the village’s identity and heritage, the story said.
According to the article, the mayor is backed by 1,000 residents worried that Nestlé, Perrier’s manufacturer, might move the bottling plant to China or Africa to cut costs.
Mayor René Balana said in the story, "Everyone here has referred to Les Bouillens as Source Perrier for over 60 years. It’s in the common language, so our case is solid. Perrier is our cultural, geographical and historic heritage."
A spokesperson for Nestlé Waters France, Pierre-Alexandré Teulie, said in the article, "We own the place and we own the brand. It’s not up to the mayor to change the name of a private property."
Teulie said the question of whether the plant will be moved wasn’t relevant, and Nestlé plans to invest heavily in new Perrier lines and national advertisements, the story said…
To read the full story, visit: http://www.guardian.co.uk/france/story
Ski Season in the Alps Has Arrived and Competition Over Property is Fierce
The long awaited ski season in the Alps has finally arrived and with this comes fierce competition over properties as many are snapped up by investors. The French property market continues to perform to the highest levels and there has been a marked increase in the number of British investors now buying ski properties rather than their traditional approach of renting in the main season.
Hotel du Golf is a leaseback investment opportunity in the Les Arcs region of the Alps. This four star development offers unparalleled facilities and comes to the market as a ‘pure’ investment opportunity. Capital gains potential is extremely high and rental income is guaranteed at 4.5% net per annum for a minimum of 9 years. Prices start at just £64,184 for a studio apartment rising up to £109,450 and above for a one bedroom apartment.
Julien Lu Regional Director of IMOINVEST says, "Property markets tend to go in cycles and with the UK at a sluggish stage it has led many British investors looking overseas in order to achieve capital appreciation. Investing in strong markets such as the French ski market is actually a shrewd move. Rentals throughout the main ski seasons vary but are among some of the highest in Europe and in the long run it is almost certainly more cost effective to buy rather than rent. The fear of emerging ski locations in ‘new’ European countries has been unfounded and if anything, has further enhanced the French ski resorts as a premier destination. France is a thoroughbred country that enjoys strong economics and is not solely reliant on tourism. It benefits from an abundance of budget airline flights and is renowned as worldwide popular destination. Those looking for a strong investment providing good capital appreciation and high rentals would struggle to find anywhere in Europe that offers the same potential, I believe that the next few years will see significant property price increases as more and more investors look to take advantage of the French market."
Rentals in these sought after areas according to the FNAIM (Federation of Nationale de I’Immobilier) have already reported a 3% rise in 2006. This big increase in rentals endorses the fact that property price increases are expected. Average growth in the French Alps for the last ten years has been at an outstanding 10% per annum. The reason for this is that there are limited properties available but with a much higher demand. In France you have what is called a ‘Loi montagnes.’ This actually limits the number of building permissions delivered to French developers in order to protect the environment and landscapes.
Julien adds, "If you are planning to purchase a property in any of the French ski resorts you must make sure that you have your paperwork ready and that you are in a position to put a deposit down. Such is the ‘bullishness’ of this market, that a property you have viewed may no longer be available after a few hours.
The local pr
operty markets are in full swing and there will be no let up in the following months as there is no shortage of investors."
Editor’s Note: IMOINVEST are full service advisors offering knowledge of the financial and investment aspects that apply to each of their developments. IMOINVEST now have main offices in Paris, London, Berlin, Alicante, Sofia, Sunny Beach, Tallinn, Washington DC, Dublin, Orlando, Villinus and Montreal.
Ski Holidays in France
Domaine de la Forêt Blanche:
Risoul and neighboring ski resort Vars combine together to create the largest ski area in the Southern French Alps. Offering 180km of piste, 104 runs, 1 snowboard park and 57 lifts.
Tignes and neighboring ski resort Val d’Isère make up the Espace Killy ski area. Made up of 300kms of piste with 137 different runs to choose from, 9 slalom stadiums, 2 mogul fields, 2 halfpipes, 2 snowparks and 97 lifts to get you round the mountains.
Espace San Bernardo:
The Espace San Bernardo links la Rosiere in France with La Thuile in Italy giving you a choice of 73 runs, 2 slalom stadiums, 1 ski jump, and 1 snowpark spread over 150km with 37 lifts to make sure you have access to them all during your skiing holiday.
Le Grand Massif:
Flaine, Les Carroz, Morillon, Samoens and Sixt, together make a total of 265km of piste, 133 runs, 78 lifts and 1 snowpark, known as Le Grand Massif ski area.
Les Trois Vallées:
Courchevel, Meribel and Val Thorens are the 3 main ski resorts, which combine to make one of the largest ski areas in the world, Les Trois Vallées (the 3 valleys). However, the smaller resorts of La Tania, Brides-les-Bains, Les Menuires and St Martin de Belleville are also included in this ski area comprising 600km of piste, 293 runs, 2 snowboard parks and 185 ski lifts.
425km of piste shared between les Arcs and La Plagne make up the ski holiday area Paradiski: 238 slopes, 143 ski lifts, 4 snowparks and 2 half pipes.
Portes du Soleil:
Abondance, Avoriaz, Chatel, Morzine, Les Gets, Champery and Torgon: stay at any of these resorts and you will be skiing in the Portes du Soleil ski area. Linking two countries – France and Switzerland – 650km of piste, 14 resorts, 288 slopes and 209 lifts.
What Are You Doing Après Ski?
WIN a Special Alpine Ski Package!
From Maison de la France
Discover the French ski stations in the glorious Alps! Browse the ski packages, including everything from tickets to the chalets. Order your free interactive Ski Map in order to explore the mountains. And enter the contest to WIN your very own Alpine Ski Package!
Click here for more information: http://us.franceguide.com/home.html
Adrian Leeds, Parler Paris, French Property Insider and John Howell & Co. of International Law Partnership Present the…
Living and Investing in France
Real Estate Seminar
December 29, 2006
Chez Jenny, Paris, France
If you’ve always dreamed of moving to France, starting a new life in Paris, enjoying a "pied-à-terre" of your own part of the year or perhaps investing in property in France, this power-packed seminar is a MUST. Hosted by Adrian Leeds, Editor of the Parler Paris Nouvellettre® and French Property Insider weekly e-zine and John Howell, lead attorney for John Howell & Co., International Law Partnership, London, this one day in Paris will put you on the right footing to make it happen!
We are very lucky to have two new presenters added to the roster, both of whom will be expanding on the idea of how to make your hard-earned savings grow, grow, grow, while enjoying every penny during your lifetime…particularly in such a beautiful place as Paris and France.
Let me introduce to you a new partner in John Howell’s International Law Partnership, Graham Platt. Platt is not only a qualified solicitor in England, but is also an admitted "avocat" (lawyer) in France who specializes in French Law and is an acknowledged expert in advising on property transactions in France. He is also completely bi-lingual in French and English.
For the first time, he will be joining John Howell during some of the most vital presentations!:
* Why Invest in Property in France?…
* How to Buy and Own Property in France!…
* and How to Minimize Your Tax and Maximize the Benefits!
Another surprise to top off an already impressive line-up of experts is Tarek Richey’s participation. A financial advisor for Raymond James Financial Services, he has lived in Expat communities his whole life having spent his younger years in the Middle and Far East, college years in the U.K. where he attended Wellington College continuing to the U.S.A. to study at Washington College, Maryland. Richey was District Manager of SunAmerica Securities before joining Raymond James Financial Services, Inc. where he is now focusing primarily on tax efficient retirement and income solutions — international wealth management with tax minimization and asset protection strategies to U.S. Expat individuals and business owners.
hat may seem like a mouthfu
l, but his clear and concise presentation will be the last and appropriately so: "How to Outlive Your Income!" — covering topics such as global tax issues, asset allocation and hedging the dollar/euro so you never outlive your income.
You will learn how to…
* Why Invest in Property in France?
* Find Your Dream Apartment in Paris or Home in the Country!
* Buy and Own Property in France!
* How to Obtain a Mortgage!
* Reduce Your Currency Exchange Risk!
* How to Minimize Your Tax and Maximize the Benefits!
* Rent Your French Property for Profit!
* Plus, answer all the rest of your questions during a Q and A panel with the presenters.
The Seminar Location
Historical Chez Jenny
39 boulevard du Temple
Place de la République
"An authentic Brasserie with a soul, a style and a history."
At the colonial exhibition in 1930, Robert Jenny had a kiosk where he sold produce from his region: salt-pickled cabbage choucroute, sausages and beer. Appreciating Parisian life and noting that the fine Alsatian products attracted the Parisians, this native of Strasbourg sought to set up business in the capital. He found just the right place not far from the place de la République, at number 39 boulevard du Temple. This was the hall where the former Victor ball was held. The quarter was lively, even though it no longer deserved the reputation of «Crime Boulevard» that it had had in the 18th century, when the plays billed at the many theatres in the area mainly drew inspiration from the items in the news.
The seminar includes a three-course lunch with Kir, wine and coffee!
Menu (subject to change):
* Kir Vin Blanc à l’Edelzwicker d’Alsace and Bretzels
* Terrine de Canard aux Pistaches, Chutney de Fruits Secs
* Suprême de Volaille à la Moutarde, Nid d’Alsace aux Légumes
* Crème Brûlée Caramélisée à la Cassonade
* Wine or Mineral Water, Coffee
French Property Exhibition
Vive La France
January 19-21, 2007
THE UK’S NO.1 FOR BUYING IN FRANCE
French Property News are once again holding a French property exhibition at "Vive La France" – a celebration of all things French.
Ticket Prices: £8 in advance, £12 on the door
Tickets available from : 0870 013 0730 or visit http://www.vivelafrance.co.uk
Over 175 exhibitors – Estate Agents, Builders, Developers, Architects plus financial and legal advice.
Property Consultation, Search and Relocation Solutions
Let French Property Insider expert property consultants find your dream home in France for you. We consult with you to help you make the best decisions, ferret out the finest properties to meet your criteria, schedule the visits and accompany you, negotiate with the agencies and owners, recommend the Notaires and other professionals, schedule the signings and oversee the purchase with you from start to finish! You could never do it so easily on your own. Let us take the time and effort off your hands.
FPI Offers More Relocation Solutions!
Moving to Paris? Our experienced relocation expert will make your move easy and hassle-free. We offer complete property and relocation services normally only provided by employer hired relocation firms…but at a price much more affordable for individuals.
Download Complete Brochure
TODAY’S CURRENCY UPDATE
Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp Global Money Services: http://www.adrianleeds.com/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.
Compare currency values easily and quickly by visiting:
charts below are updated every ten seconds.
The prices shown are "inter bank" exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.
Parler Paris Après-Midi
NEXT MEETING: January 9, 2007 AND EVERY SECOND TUESDAY OF THE MONTH, 3 p.m. to 5 p.m.
This is your opportunity to meet every month, often with local
professionals who can answer your Working and Living in France questions. You are invited to come for drinks and share your questions and comments about what it takes to create a life here, own property and enjoy what France has to offer. It is also an opportunity to network with other Parler Paris readers.
Upstairs at La Pierre du Marais
96, rue des Archives at the corner of rue de Bretagne, 75003 Paris
Métro Lines 9, 3 et 11, stations Temple, République or Arts et Métiers
HOT PROPERTY PICKS: A Chalet to Call Your Own
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
*** Alpe d’Huez, Chalet
Everything about this attractive chalet has been carefully crafted with outstanding attention to detail. The ground floor is a large open plan room with a well equipped, modern kitchen, lounge area and an office. This leads onto a large, south facing terrace. Upstairs, the main room has its own private balcony boasting magnificent views of Les Ecrins mountain range. There is a second bedroom and a large bathroom with a corner bath. The eaves have been cleverly used to create extra sleeping space.
Asking Price: 399,000 € + 2.5% Finder’s Fee
*** Les Carroz, Chalet, approx. 250m²
A beautiful, madrier chalet with fantastic views of Les Carroz. The living room, dining area and Savoyard style modern kitchen are open plan with a central open fireplace between the living room and dining area. There are south facing French windows from the living room and dining area providing access directly onto the large garden terrace. With 4 bedrooms and 2 bathrooms, separate toilet, laundry room.
Asking Price: 595,000 € + 2.5% Finder’s Fee
*** Les Gets, Chalet
This lovely chalet is on three levels and has 3 double bedrooms on the top floor, two of which enjoy a balcony overlooking the valley and slopes, and a master bathroom. The open plan living room and dining room on the entrance level has an open fireplace and open plan kitchen, with a large deck for entertaining, with views over the slopes. At the lower level, there is a large 4th bedroom. 3 bathrooms, large cellar for storage which includes a laundry area. Sleeps 9.
Asking Price: 720,000 € + 2.5% Finder’s Fee
LEASEBACK NEWS FROM IMOINVEST
BALCONS DE RECOIN
France, French Alps, Chamrousse
Studio 22m² to 33m² €75,000 to €115,000
One Bedroom 32m² to 48m² €110,000 to €167,000
Two Bedrooms 31m² to 62m² €116,000 to €211,000
GUARANTEED RENTAL INCOME UP TO: 5.00%
SKI IN SKI OUT IN THE HEART OF CHAMROUSSE
Ski-in-ski-out leaseback development in the heart of the Chamrousse ski resort near shops, restaurants, bars and ski lifts. Located in the Isère region of the French Alps, in the famous station where Jean-Claude Killy carried out his famous exploits during the Olympic Game
s of 1968. Ideally located only 30 minutes from
Grenoble and 1 hour from Lyon and Valence. The development is located in the first part of the Chamrousse ski resort, at 1650m, in an area called Le Recoin.
The surrounding area is busy with shops, bars, restaurants and accommodations, and is within walking distance to the lifts and the slopes. This 3-star development benefits from a close proximity to all the action, and is also incredibly easy to access as it is close to one of the main village roads. The apartments are for the most part south facing and each has a large balcony to make the most of the winter sun. There is underground and exterior parking with private lock ups for ski equipment. Inside the development there is a large and welcoming entrance lobby which leads in to a lounge area with an open fireplace and comfy sofas, perfect for unwinding at the end of a fantastic day of skiing. The development also comes with a spacious spa and relaxation area, with heated indoor swimming pool, sauna, steam room, massage and beauty therapy area.
The residence offers a 5% guaranteed income including holiday weeks and a full VAT refund of 19.6%. Skiing in this area is excellent, with great access to ski lifts and slopes suitable for all levels. The resort groups together two winter sports resorts which are connected by a shuttle service: "Recoin" at Chamrousse (at an altitude of 1650m) with its skiing area, and "Roche Béranger" at Chamrousse (at an altitude of 1750m) much more for families. Investors here can benefit not only from the full 19.6% VAT rebate, but the security and peace of mind of dealing with an established property management company.
SEEKING A MORTGAGE IN FRANCE?
Let us help you secure a mortgage in France at a competitive interest rate. Visit http://www.adrianleeds.com/frenchproperty/loan for more information or contact Adrian@AdrianLeeds.com
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?
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Of course, we’re always happy to help, so if you do need assistance, send an email to firstname.lastname@example.org
Remember, as an FPI Subscriber you can take advantage of a special discount on the popular Insider Paris Guides, plus get an extra 15% discount when ordering two or more guides. Choose from:
* Leeds Good Value Guide to Paris Restaurants by Adrian Leeds
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Just visit http://www.insiderparisguides.com. When you order, a box will pop up allowing you to enter the special FPI Subscribers discount code:
You’ll receive download instructions, then just save the guides to your computer. Happy reading!
THINGS YOU NEED TO KNOW
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HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
1 hectare = 2.4710538 acres
For more conversions, refer to: http://www.onlineconversion.com/
Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the "seal of approval" from Parler Paris Apartments and me, Adrian Leeds.
Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!
Parler Paris Apartments is administered and serviced by the same great team as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.
*** Attic Lumière
This newly renovated one-bedroom suite is located on rue Charlot, one of the most fashionable streets in the Marais district. The apartment style is contemporary, yet very warm and cozy, inspired by Alpine architecture with wonderful natural oak beams and materials such as marble and teak-wood floors. The large attic opens to the sky, thanks to a glass roof, perfect for those who wish to enjoy a bright environment, full of peace and serenity. The en-suite private bathroom with its extra large shower system of power hydro jets, makes the whole space extremely enjoyable and replenishing.
Air conditioned! 5th floor, no elevator. Sleeps 2 adults.
Pictures and more details available here: http://www.adrianleeds.com/parlerparis/apartments/rentals/atticlumiere.html
*** Le Panthéon
Rue Lanneau, 5th Arrondissement
This very cozy, typically Parisian one-bedroom apartment is situated on a beautiful, cobblestoned, pedestrian street directly across from the famous "Coupe Chou" restaurant in the heart of the Latin Quarter. Located on the 2nd floor (European, no elevator) of a traditional 17th-century building, with secure digicode entry, the apartment overlooks both the quiet tree-lined courtyard and the tiny, charming street. Exposed and preserved wood beams adorn the ceilings throughout the apartment, complimenting the warm decoration and home furnishings.
Sleeps up to 4.
Pictures and more details available here: http://www.adrianleeds.com/parlerparis/apartments/rentals/pantheon.html
*** La Cellette
9-bedroom Château in the Dorgogne with Guest Cottage
Celles, Dorgogne – Gorgeous 15th century château, heart of French countryside, sleeps up to 18, private bathrooms in every room. The restored château, next to the church in the very center of Celles, whose bells toll three times a day, is vintage 15th-century built by the family of Dulau d’Allemans. Their name is identified in the letterpress edition of the papers of George Washington. It was a ruin until the current owner employed a master architect from the region who fully understood the character of the house, and whose investigative powers led him to find the hidden massive stone fireplaces and secret stairwells. Together they restored the 15th-century manor into a 21st-century splendor.
Pictures and more details available here: http://www.adrianleeds.com/parlerparis/apartments/rentals/cellette.html
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Copyright 2006, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com