Paris Poutres and Banking on the Buck
16th Century Beams in Le Marais
(FOR SUBSCRIBERS ONLY)
March 20, 2008
Bonjour French Property Insider Subscriber,
We have very exciting news! Once again, lender Banque Patrimoine et Immobilier comes up with a solution to beat the weakening dollar. Do not miss this important article about how to mortgage 100% of the costs of purchasing an apartment in exchange for holding a down payment in an interest-bearing account…IN DOLLARS! It’s the solution we’ve all been waiting for that make the current rate of exchange inconsequential.
Next, we explore the world of wood beams — "poutres." Sixteenth, seventeenth and eighteenth-century apartments are usually hiding these beautiful backbones, just waiting for someone to come along and expose their natural attributes. If you’re luck, you could also be the proud owner of Paris poutres with plenty of charm!
More exposure in today’s FPI is my personal experience renovating my apartment after ten years of dreading it! Now that it’s complete, I can relax and enjoy it, plus tell the tale that would help prepare you for yours when the time comes — and do expect it to be a part of the process of ownership.
We have a few tidbits from our outside sources, an article following the conference from Fractional Owner, Ginny Blackwell, and some great apartments in Paris with poutres to consider for your own.
Happy Easter Holiday Weekend!
Editor, French Property Insider
P.S. Please note, Parler Paris Apartments now has direct access by phone, fax and email: Apartments@AdrianLeeds.com, Phone: +1 (310) 427-7589 or Fax: +1 (515) 474-9073.
Volume V, Issue 12, March 20, 2008
In this issue:
* Getting More Bang for Your French Property Buck
* Charming, "Beaming" Paris Property
* Saintonge Renovation Reveal
* French Property Consultation Special Offer
* Powerful French Property Investment
* Hollywood Royalty Purchasing in Provence
* Champagne Property Owners Set to Celebrate
* Purchase a Parking Spot in Le Marais
* Growing Your Euro Investments
* Fractional Ownership Solution – Chez La Tour is Half Sold Out!
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: April 8, 2008
* Hot Property Picks: Beaming Beauties
* On the Auction Block: April 1 and 15, 2008
* Leasebacks: Bastide Royale de Sarlat, France, Center / South, Sarlat
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — L’Aubergine
How to Beat the Weakening Dollar…EVEN BETTER!
Hot News from Banque Patrimoine et Immobilier (BPI)
By Adrian Leeds
BPI didn’t stop with just their new loan product — which still has no name but a lot of bang for the buck. What I’m talking about is their scheme announced last November to hold 25% in an interest-bearing bank account — not an account in euros, but an account in dollars (that means that there is no exchange to be made and nothing is lost!) and then provide a loan of 100%(!)…utilizing any of the various kinds of loan products BPI makes available. (See http://www.adrianleeds.com/parlerparis/issues/pparis7-11-07.html for more information.)
Now, they’ve gone even further to make it possible for everyone with weak U.S. dollars to get into the euro property asset market easily and with no lost because of the rate of exchange.
Imagine if the amount held in the interest-bearing account is increased to 30%, but rather than financing just the price of the property at 100%, ALL the costs and fees are financed: the price of the property, the agency fees (about 5%), the Notaire fees (about 7.5%), the search fees (about 2.5%), renovation work (about 1,500€ per square meter) and believe it or not, even the loan origination fee (about 1% with a cap)!
Okay, so let’s take the example of a property of 500,000€:
Net cost of t
he property: 475,000&
Agency fees (5%): 25,000€
Notaire fees (7.5%): 35,625€
Search fees (2.5%): 12,500€
Renovation work (1,500€/square meter, 50 square meters): 75,000€
Bank origination fee: 1,500€
Total loan amount: 624,625€
Amount (30%) held in interest-bearing account in U.S. Dollars (at current rate of 1.56: 187,387.50€ or $292,325
Remember, this money is still yours! As the principal loan repayment is reduced, so is the amount of that 30%, freeing some of the funds to literally fund the mortgage! And when the dollar gets stronger, so will the value of the account increase. Meanwhile, the property is rented and receiving income to support your mortgage and other expenses, so there is actually no real out of pocket expenses, nor rate of exchange to lose value.
If you were purchasing the same apartment with a traditional loan, the scenario would look quite different:
Net cost of the property: 475,000€
Agency fees (5%): 25,000€
Notaire fees (7.5%): 35,625€
Search fees (2.5%): 12,500€
Renovation work (1,500€/square meter, 50 square meters): 75,000€
Bank origination fee: 1,500€
Total loan amount: 400,000€ (80% of the purchase price of the property)
Cash outlay for down payment, Notaire fees, etc.: 224,625€ or $350,415!
And the difference of $125,790 is lost in the rate of exchange, when it could be sitting in an interest bearing account with your name on it!
This is clearly a time to take advantage of…the strong euro and the ability to make a property purchase in spite of a weak U.S. dollar!
For more information, contact French Property Loan: http://www.adrianleeds.com/frenchproperty/loan/lenders.html or email email@example.com
"Beaming" with Paris Poutres
An Excerpt from Parler Paris…
By Adrian Leeds
Wednesday, March 19, 2008
"Poutres." It’s not a ‘pretty’ word in French. At least, not to my ears. It reminds me of the sound one might inadvertently make having indigestion. (Wink.)
Never mind. "Poutres" are "beams." The kind of beams you find holding up the ceiling…exposed wooden beams…old, original beams, from the 17th or 18th centuries. According to the authorities, they add value to a French property.
Walk around Le Marais and look up into the apartment windows. Can you see some apartments with exposed beams? If they’ve been painted (often painted white) and are no longer the natural wood, they lose value — at least in the eyes of the appraiser, if not the purchaser.
There are 17th-century beams under my newly painted white ceiling. The appraiser who recently wrote an evaluation of the property advised to open them and gain height. I decided against that — for time, money and decor reasons — it simply wouldn’t have fit the style of the apartment. But in most other situations, there is nothing that adds more charm than exposing the ancient beams (except perhaps, exposing the original stone walls — but that’s another story!).
I once heard an American boast of the ‘fake’ beams he had installed in his U.S. home and how beautiful they were. A Frenchman in the party responded with, "Oh Lord. If I were you, I’d never admit that to anyone!" That drew a big laugh as we witnessed the obvious culture clash.
One of our clients recently signed the title deed on an apartment a stone’s throw from me at the corner of rue Debelleyme and rue de Bretagne. The walls and ceiling were clearly hiding poutres, some of which hinted of being large and substantial. From first sight of the apartment, the plan was to remove the ceiling and expose the beams, but you never know what you’re really going to find unless you take a peek.
A demolition crew was sent in, first to open a few points to verify they were there and in a good-enough condition to go ‘all the way!’ ‘All the way’ means fully removing the old plaster, sanding, sandblasting, removing embedded nails and decayed wood and then finally treating the wood against insects. Even if the beams look pretty dismal from having been in the ‘guts’ of the apartment, they can still be very solid and result in a beautiful state.
Beams can be made of different kind of wood, but are mostly of oak. Poplar beams are softer and more vulnerable to being eaten right through by insects. There is an art to testing the condition of the beams and knowing whether they are solid for support and worth refinishing. The refinishing process can take quite a long time and add quite a lot of expense to a renovation project, but be well worth it.
"Le Provençal," my little rental studio (http://www.adrianleeds.com/parlerparis/apartments/rentals/provencal.html), was just a plain box with no character until we opened the ceiling and exposed the beams. Most of them were old, but a few were new, for what reason we didn’t know. Even so, the contractor did an impressive job of refinishing them all to match each other and it’s hard to see the difference between them. There is no question that it totally changed the look and feel of the apartment, adding 1000% more old-world charm.
The apartment on rue Debelleyme, once the ceiling was removed exposi
ng the 18th-century beams,
drew gasps of delight from all those who witnessed it! One enormous beam ran the length of the apartment and others crossed in a variety of directions. They were stunning, even in their raw state. Once the work is done, about six inches in height will be gained, even though new insulation and plaster will be set between the beams. So the result will be beautiful, natural original wood beams, striped and crisscrossed punctuated by a white ceiling between them.
The owner is planning to decorate with a "wine/vignoble" theme — with the colors of grapes and the oak of the barrels. How beautiful to discover what had been hidden for so long…and guess what? They’re the real thing. She will have no problem admitting it to anyone.
A Decade of Decadence
An Excerpt from Parler Paris…
By Adrian Leeds
Monday, March 17, 2008
For a little more than ten years of living in the Marais apartment, the living room has been on the ‘to-be-renovated’ list…with dread. This is the room where most of life takes place — where we dine, commune and most importantly, work. So it was no easy task to organize a proper time knowing the entire apartment would be uninhabitable throughout the renovation period — about four to six weeks.
The planets aligned themselves and dropped winter 2008 into my renovation lap, providing a place to stay (Le Provençal), someone to project manage the renovation (Interior Architect Martine di Matteo), a reason to be absent (the Living and Investing in France Real Estate Conference in Miami and a New York co-op board application submission) and cool weather (no need for air conditioning).
The work had been conceived, pondered over and dreaded for years — literally. Countless sleepless nights were spent making lists of all the things to do to prepare for it, organize and re-organize the logistics of living and working out of a small studio apartment, traveling with too much luggage to stay in a hotel, then a condo, then my daughter’s box-inside-of-a-box loft Chelsea apartment.
All the while, Martine was in charge and ‘sweating bullets’ over having the work completed prior to my return at the end of February. No such luck. The renovation ‘chez Leeds’ was two weeks late in completion — about 50% more time than expected, which is not bad considering it usually takes ‘twice the time.’ ‘Twice the price’ is the other half of the expectation, but in this instance, the overspending equated to about the same percentage as the time it took to complete the renovation — 50%. When you consider the cost of the work on a per-square-meter-basis, it sits better psychologically to know that it cost 50% LESS than the average renovation.
If renovation is ‘in your cards,’ as it would inevitably be should you ever purchase an apartment in Paris, expect to make decisions that cost you more money for which you planned, but make you happier in the end…and hopefully, improve the property. There were several splurges to own up to, but one important one was a new "chaudière" (hot water heater) to increase the power and pressure and the addition of a new "ballon" (hot water tank), so there would be lots of hot water flowing to that "fabulous(!)" bathtub of mine. (You remember the story, right?)
Last week, the carpenter, painter and electrician all came to finish a few details and help hang the art. On Friday, they said "au revoir" thinking all had been done. Of course, as they say, "the devil is in the details," and all the details are not yet finalized. With each step, I discover some "autre petite chose" not to my standard. I’m starting to worry that it may never be(!), but I know better. "OCD" (obsessive-compulsive disorder) will take care of that problem as sleep does not come easily until every book is on the shelf, every file is in the drawer and every piece of art is hung in place.
From that moment on Friday until this moment as I write, with the exception of stopping to celebrate Parler Parlor’s 10th Anniversary (more about that below), I’ve been unpacking, cleaning, organizing, placing, hanging, rearranging. You know — all the things it takes to make your abode really livable. By 7 p.m. Sunday evening it was 99.9% done. and presentable enough to take these photos. By the time a friend arrives tomorrow from the States to visit for a couple of weeks, hopefully the pain will have completely resided. It’s almost like having gotten pregnant, lived through the justation and given birth…to an apartment in Paris.
Special Note: To learn more about finding a "pied-à-terre" of your own, visit http://www.adrianleeds.com/frenchproperty/consultation or contact French Property Consultation at firstname.lastname@example.org. If you’re more an armchair investor and would like to read and learn more about Paris property, subscribe to our weekly ezine, French Property Insider.
Special One-Time Offer:
Property Consultation, Search and Relocation Solutions
The property consultation services we offer are simple, but comprehensive.
erdana">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.
We first work with you during a two-hour initial consultation, one-on-one in person or by phone. It’s designed to help you decide if you’d like to pursue an investment in France and how to best go about doing that. It’s guaranteed to get you on the right footing and alert you to the pitfalls along the way.
If you book the consultation by March 31, 2008, but schedule it no later than June 30, 2008, the charge will be only $290, a savings of 55% off the rate of 290€ which was effective March 1* — a savings of $137.50!
It’s a big bargain when you consider how much you will be spending on this important investment and how important it is to know how to make that investment correctly. "N’est-ce pas?"
But that’s only a small part. There’s more to it.
During the consultation, should you decide to hire our team to help you find a property, that $250 you paid for the initial consultation will, of course, apply toward the advance search fee of 1,450€, a net amount of 1,160€…but guess what? If you book the search by March 31, 2008, but schedule it before June 30, 2008, you won’t pay 1,160€…you’ll pay only $1,160!!! Again, you’re going to save 55% of the rate of 1,160€ — a savings of $638!
In fact, we are making this offer on all our French Property Consultation Services! You can take advantage of the old U.S. dollar rates just by booking any service by March 31, 2008 and scheduling it prior to June 30, 2008!
Click here to download our most recent brochure of services and updated consultation fees effective March 1, 2008: http://www.adrianleeds.com/frenchproperty/consultation/fpibrochure.pdf
And to book your consultation, search, purchase or sales assistance or other property consultation service NOW, BEFORE IT’S TOO LATE, visit http://www.adrianleeds.com/frenchproperty/consultation/booking.html or email email@example.com
*Effective March 1, 2008, all property consultation fees are charged in euro value and may be paid for by credit card in U.S. dollars based on the rate of exchange at http://www.Moneycorp.com on the date of transaction.
Former President Sells French Château
Invest in some powerful French property
If you’re after a property with a bit of clout, check out the 15th century Aurvergne château currently being sold by former French President Valery Giscard d’Estaing.
Château La Varvasse in Chanonat has 13 bedrooms and a 15 hectare garden.
Giscard (82) inherited the property from his father and has reportedly decided to sell because he rarely stays there and the maintenance costs are high. His father bought the property in 1930.
No price is listed for the château, but the mayor of Chanonat told French reporters that it is in mint condition, having undergone a full renovation in 2006.
Giscard, who was President from 1974 – 1981, purchased another property Château d’Estaing, in Aveyron in 2005, and is said to spend most of his time in that residence.
Jolie and Pitt Put in Offer for French House
Provence Welcomes Hollywood Royalty
Angelina Jolie and Brad Pitt are reported to have put in an offer on a £10 million seaside property on the Provence coast.
As well as offering state-of-the-art facilities and access to helicopter pads, the ivy strewn six bedroom manoir is said to have been constructed by a community of monks.
The couple originally put in an offer for the place last year, but pulled out at the last minute after Brad was denied permission to build a motorbike track in the five acre grounds.
Reports indicate that permission has now been granted for this and the sale will go ahead as planned.
Dating back to 1150, the luxurious estate was completely renovated by its most recent American owners and various extensions to the property have been made over the years.
It also boasts many original features such as vaulted stone ceilings, a 17th century stone staircase and a pool constructed with original 18th century stone.
The Provençal village in which the property is located is also home to Atonement writer Ian McEwan, while Elton John and the Beckhams reportedly own properties in villages nearby.
The Hollywood stars will make France the
home and will move into the property with their four children, one year old biological daughter Shiloh, and adopted kids Maddox (6), Pax (4) and Zahara (3).
The couple are also expecting a fifth child, rumored to be a girl, which will be born in France.
French Change Rules to Exploit the Huge Bucks to be made from Fizz
By Alasdair Sandford for The Guardian
Photograph: Michael Busselle/Getty
It’s the most sacred real estate in French viticulture, just a few thousand acres that have been blessed with a coveted seal of approval. If it comes from here, it’s champagne. If not, it isn’t.
But last night, France moved to redraw the boundaries of the fragmented area designated as champagne land in the biggest shake-up of the industry for 80 years, in an effort to cope with surging world demand, particularly from China and Russia, but also Britain and the U.S.
The changes promised booming business for the areas around 40 villages — not to mention soaring property prices. For the lucky villages that suddenly find themselves chosen for champagne-growing, in some cases the value of land could suddenly be 200 times what it was…
To read the entire article visit http://www.guardian.co.uk/business/2008/mar/14/fooddrinks.france
Parking Space For Sale in Le Marais
An unusual opportunity, an FPI reader owns a parking space in a secure modern garage in the Marais, located at the corner of rue au
Maire and rue des Vertus, just near Arts et Métiers.
Underground parking with keyed entry, security guard and elevator.
Asking price: 34,000€ + 2.5% Finder’s Fee. (BMW not included!)
Growing Your Investments in Euros
By Ginny Blackwell
One of the real benefits of participating in the Living and Investing in France conference was the "wake up" call I heard relative to diversifying my investments abroad. I consider myself fairly savvy in terms of foreign exchanges, portfolio diversification, and investment planning. After all, our first French purchase in 1998 was a trial by fire and we emerged barely singed. I’ll never forget the day when we were poised to transfer about $200,000 to the notaire in France and simply asking him whether he thought we should send the funds in dollars or have them converted to francs first. Innocent question, right? In fact, sending them over in francs saved us almost $10,000 for our first home purchase in France!
Immediately following the conference, I turned to my partners and asked them to contact Jody Cracknell at Moneycorp in San Francisco as we intended to send our initial deposit for one of our fractional home shares in France. This was a simple process involving 15 minutes of time and some faxed correspondence with their offices in California. Fortunately, Moneycorp reminded us that locking in our 90% balance at the current price of 1.48 would be a prudent move. And was it ever! With rates soaring above 1.52 dollars/euro, we can sit smugly confident that no matter what, we won’t be eaten alive by the current currency fluctuations. Feeling pretty smart, we are.
As Jody pointed out at the conference, a property priced at 300,000 euros last August would have cost $401,800. By November, that same property would have increased in cost to $448,980, a loss of $47,100, a chuck of change in my books. To learn more about Moneycorp and how they can help you, contact: http://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html
Now, the million dollar question: IS IT TOO LATE FOR YOU? I really don’t think so. Back to the notion of diversifying your investments… One of the things I gleaned during my life as an investment advisor, is that the "trend is your friend." If you look the technical graph of the euro/dollar (rates) over the last few months, 1.48 seemed to be a resistance line which has just been broken. There is no doubt of the direction of this trend. What that tells me is that until the trend reverses significantly, I am not going to put myself in the camp of "I’m just going to wait until the dollar/euro settles down." Why would I want to miss this ride up?
Another diversification opportunity was presented by Peter Zipper from Caye International Bank in Belize (http://www.adrianleeds.com/frenchproperty/consultation/offshore.html). The investment minimums to open an offshore banking account are very reasonable, where you can not only park your euro accounts but also take advantage of diversification into international money markets not typically found in the US. As amount minimums are around $20,000, this is something I plan to explore further.
Adrian Leeds and John Howell pointed out at the conference that prices in France have not settled down, especially in Paris, and with wise planning, leveraging your funds with a French bank loan as low as 4.65%, and renting your property to cover mort
gage and r
unning costs, it can still be advantageous to you. The way I look at it, we are very glad to have a substantial portion of our retirement funds appreciating in a euro based real estate. Shouldn’t you too?
For information on how to invest in our home shares for as low as 55,000 euro, click here: http://www.frenchpropertyshares.com/maisonbleuenew.html
Le Jardin Saint Paul
The "Fractional Ownership" Solution Update
By Adrian Leeds
Fractional ownership is a hybrid of direct ownership and time sharing, combining the best elements of both. The primary differences are that while timeshares involve many thousands of shares in a large complex with “resort” amenities and costs built specifically for that purpose, fractional ownership is joint ownership by only a few individuals in a single property whose value can easily be determined on the open market and for which there are very few, if any, resort amenities which must be managed and maintained (and paid for!). For Paris Home Shares, the city of Paris is it’s own resort!
See the Paris Home Shares Fractional Ownership Offerings:
LE JARDIN SAINT-PAUL — ONLY 3 SHARES LEFT!
The months currently available for 2008 are July, August and November.
Those who have purchased shares in Le Jardin Saint-Paul on Rue Ferdinand Duval, 4th Arrondissement, Le Marais, will be happy to know the renovation is complete! As a final touch, the granite counters were installed last weekend.
You can view a slide show of photos of the apartment at: http://www.flickr.com/gp/69276774@N00/07R372
To see a virtual visit of the apartment, click here: http://www.digitalive.fr/paris/tour.html
To those who have not yet purchased and are interested in learning more, the price of one share is now 92,000€. Only three shares remain for sale. They won’t last long.
To visit the site describing the property, visit
Apparently, rue Ferdinand Duval, home to Le Jardin Saint-Paul is THE TRENDY street in Paris. The attached article, highlighting rue Ferdinand Duval, was featured in the February 11, 2008 issue of ELLE magazine. We always knew that Jardin Saint-Paul was situated in a great little location. Now, apparently the secret is out…
To read the article in French, visit http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/ferdinand_duval_elle.pdf
NEW FRACTIONAL OWNERSHIP FOR SALE NEAR EIFFEL TOWER
Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Two-Bedroom, 88.1 m2
Half Sold! 99,500€ / ONLY 6 SHARES LEFT!
Available for Use May 2008
Price increase scheduled late February 2008: 109,900€/share
If you would like to receive more information on this apartment, VISIT http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/chezlatour.html
NEW FRACTIONAL OWNERSHIP FOR SALE IN LANGUEDOC-ROUSSILLON
52,500€ for the first four shares / 10 shares available
Available for 5 weeks/year
Maison Bleue is a 3 tiered, 3 bedroom, 3 bathroom village home, with an open living room/dining area and a fully appointed kitchen. The house is furnished with a combination of French antiques, wicker and pine furniture, firm beds, unique lighting, fully equipped kitchen and many decorative items. It also includes Satellite TV, telephone, washer and dryer and all dishware and linens.
If you would like to receive more information on this apartment, visit http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/maisonbleue.html
TODAY’S CURRENCY UPDATE
Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp Global Money Services: http://www.adrianleeds.com/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.
Compare currency values easily and quickly by visiting:
The charts below are updated every ten seconds.
The prices shown are "inter bank" exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.
Parler Paris Après Midi
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is April 8, 2008, and every second Tuesday of the month.
HOT PROPERTY PICKS: Beamed Beauties
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
*** Paris, 5th Arrondissement, 3 rooms, approx. 55m²
Near Luxembourg Gardens, in an 18th century building, apartment with a living room, American-style, fully equipped kitchen, 2 bedrooms, bathroom and separate toilet. Hardwood floors, exposed beams and lots of charm.
Asking Price: 546,000 € + 2.5% Finder’s Fee
*** Paris, 4th Arrondissement, 3 rooms, approx. 60m²
In the heart of Ile Saint Louis, included large living room with three windows facing the road, a separate kitchen, two bedrooms on the courtyard, bathroom with toilet. Fireplace in the living room, exposed beams.
Asking Price: 570,000 € + 2.5% Finder’s Fee
*** Paris, 3rd Arrondissement, 3 rooms, approx. 87 m²
On rue de la Corderie, on the second and third floors, this duplex has a living room, fully equipped kitchen, 2 bedrooms, bathroom with bathtub and shower. Wood floors, exposed beams, open view, quiet. Renovated by an architect, in perfect condition.
Asking Price: 770,000 € + 2.5% Finder’s Fee
Next Sessions: April 1 and 15, 2008 at 2 p.m.
Notaires de Paris
Place du Châtelet
12 avenue Victoria
Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at http://www.encheres-Paris.com/ Though the site has a button for an English version, it isn’t reliable to work.
To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
April 1, 2008
|4 rooms 69,8 m² + parking
62-74 boulevard Garibaldi
75015 Paris 15th
Opening Bid: 260,000€
|3 rooms 52,7 m²
62-74 boulevard Garibaldi
75015 Paris 15th
Opening Bid: 230,000€
|3 rooms 53 m²
20 rue Boyer Barret
75014 Paris 14th
Opening Bid: 230,000€
|3 rooms 45,01 m² occupied
36 rue de la Chapelle
75018 Paris 18th
Opening Bid: 85,000€
April 15, 2008
|4 rooms 124,10 m²
7 avenue Franco-Russe
75007 Paris 7th
Opening Bid: 700,000€
|2 rooms 27,06 m²
61 rue des Vignoles
75020 Paris 20th
Opening Bid: 110,000€
|2 rooms 37,11 m²
11 rue de Mont Louis
75011 Paris 11th
Opening Bid: 125,000€
LEASEBACK NEWS FROM IMOINVEST
BASTIDE ROYALE DE SARLAT
France, Center / South, Sarlat
Two Bedrooms 40m² to 41m² €221,600 to €250,000
Three Bedrooms 49m² to 51m² €268,000 to €268,000
Quasi Hoteliere Holiday Leaseback
EXPECTED RENTAL INCOME UP TO: 4.50%
Incredible traditional architecture associated with the famous bastide town of Sarlat in the Dordogne region of France. Buildings have been kept as authentic as possible, including interior courtyards, stone arcades and half timbered facades. The developer has been famed for his work in the past in similar projects where original materials have been used to recreate the rustic charm of the old, French architecture. The townhouses look out over their very own private garden where you may sit and relax under the soothing heat of the Aquitaine sun.
The medieval getaway includes an onsite health center and a spa with a heated swimming pool where you may cool off following an enjoyable afternoon drink in one of Sarlats many quaint little cafes. Children are also catered to in their own secure playground and there is an open green area. Surrounding the development is landscaped parkland, ideal for a leisurely stroll at any time of day. The buildings themselves are all individually designed. There are two types of townhouses available. Some have a double and a single room, and some have two double rooms. In both cases, you may also take advantage of the sofa beds situated in the living area, meaning that it is possible to sleep up to 6 people in the larger properties. The furniture included in the package is also of the highest standard, blending in perfectly to its rustic surroundings.
- Air conditioning
– ADSL internet connection
– Spa center
– Leisure activities
– Childcare facilities
– Private car park
– Indoor heated swimming pool
– Exclusive management and rental
SEEKING A MORTGAGE IN FRANCE?
When you make a purchase as important as a piece of real estate in a foreign country, you want to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.
Managing Your French Property Insider Subscription is Easy!
We receive many emails from French Property Insider Subscribers who want to change their email address, or update personal information. But did
you know that you can make these changes yourself?
2. Click on "Manage Subscription." You’ll find it under the "Subscribers Only" section in the sidebar.
3. Enter your username and password.
4. On the Welcome Page, go to "Manage Your Account" and click on "Change Password/Edit Profile"
5. Once you’ve made the changes, scroll down to the bottom of the page and click on "Save Profile."
Of course, we’re always happy to help, so if you do need assistance, send an email to firstname.lastname@example.org
We wanted better guides.
So we wrote them.
Insider Paris Guides are written for people who love the City of Light. You’ll get a Paris insider perspective on Restaurants… Making a Life… Black Culture… Expat Writers…and the newest guide, Practical Paris!
French Property Insider subscribers receive a discount of 10% off any guide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). Here’s how it works:
1. Click on special Web link we give you just for FPI subscribers.
2. Then order one or more guide(s) and use the promotion
code "ED762." This promotion code gives you 10% off your total
3. If you order two or more guides, then an additional 15% will be
taken off automatically. There is no promotion code needed.
Here is the special "coupon" Web link just for you:
THINGS YOU NEED TO KNOW
To access password protected pages: click on any of the links on the left panel of the home page of FrenchPropertyInsider.com under "Subscriber’s Only," then type in your personal username and password.
Past issues of FPI are available on the website. You will find the
"Past Issues" link on the left under "Subscribers Only" or by going to
To receive your free French Leaseback Report or the Paris Property
Report, click on
HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
1 hectare = 2.4710538 acres
For more conversions, refer to: http://www.onlineconversion.com/
Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the "seal of approval" from Parler Paris Apartments and me, Adrian Leeds.
Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!
Parler Paris Apartments is administered and serviced by the same great team as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.
One-Bedroom, Sleeps up to 4
L’Aubergine sits tucked away on an historic and quiet Marais "cul de sac," making it an oasis of peace and calm. This second floor apartment (two flights) has two large bright windows that face a classic Parisian courtyard. With digicode, intercom entry system and elevator, it has been completely renovated and professionally decorated to the height of luxury, wi
th a soothing "aubergine&
quot; (eggplant) and taupe color scheme. Everything in the apartment is new, from the designer linens and towels, to the appliances and electronics.
Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/aubergine.html
or email: Apartments@AdrianLeeds.com
SUBSCRIBE TO PARLER PARIS
If you’re not a regular reader of the Parler Paris daily e-letter, and would like to be, simply enter your e-mail address here (it’s free!): http://www.adrianleeds.com/parlerparis
Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com