Paris Property in Bloom
Gorgeous Garden in the 10th Arrondissement
(FOR SUBSCRIBERS ONLY)
April 24, 2008
Bonjour French Property Insider Subscriber,
This past Sunday, many of you subscribers tuned into our conference call titled "How to Have Your Own Paris Pied-à-terre…and Let Someone Else Pay For It" with myself and John Rule, our Rental and Mortgage Manager.
For those of you who did not have a chance to participate, the gist of the call is here in its entirety and a link to the recording so you can listen to it for yourselves, along with all our past conference calls. Be sure to scroll down to learn all about it!
On another important note, we are launching a new "Design Your Own Fractional Property" concept…so if you’re interested in being one of only a few owners in a Marais apartment, now’s your chance! Don’t miss this opportunity to be a part of a new and exciting venture into your own pied-à-terre in Paris!
One of our primary lenders is now offering mortgages of up to 30 years! — a great way to keep your monthly repayments to a minimum while enjoying the benefits of rental revenues. Learn all about it in today’s issue of FPI.
With warmer weather, the flowers are blooming everywhere and it’s time to put on the garden gloves for some serious geranium-potting! Read all about what it’s like to keep up the blossoms in a Paris window and where to visit Paris’ finest gardens.
Moneycorp has important currency market predictions important to any of us having to transfer from one currency to another, so be sure not to miss this nor all the other articles we bring you from some of our partner resources.
Hot Properties takes a look at properties with a garden view and a Leaseback property in central France.
Don’t forget to set your TV’s for May 5 or 6 when we can be seen on Househunters International! Scroll down for the details.
Editor, French Property Insider
P.S. For all you new subscribers, to ensure that you receive French Property Insider every week, please "White List" our email address or add "email@example.com" to your contact list to be sure to receive French Property Insider. For those of you who use spam filters, we cannot reply to your spam filter email requests, so white listing is extremely important.
P.P.S. If you’ve been considering coming to a Living and Investing in France Conference, then now’s your chance…choose from London on June 22nd, San Francisco July 26-27 or Paris October 11-12 this year. Scroll down for more information or visit http://www.adrianleeds.com/frenchproperty/conference
Volume VI, Issue 17, April 24, 2008
* How to Let Someone Else Pay For It
* Create Your Own Fractional Property Pool
* Repayment Loans with Terms of up to 30 Years!
* Everything’s Coming up Geraniums!
* Moneycorp Makes Currency Predictions Worth Heeding
* Upcoming Living and Investing in France Real Estate Conferences
* French is Not Necessary!
* French Property Consultation on House Hunters International
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: May 13, 2008
* Hot Property Picks: Garden Party Pied-à-Terres
* Leasebacks: BALNEO ALADIN, France, Center / South, Cauterets
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — Le Déco!
"How to Have Your Own Paris Pied-à-terre…and Let Someone Else Pay For It"
By Adrian Leeds
Sunday night 22 French Property Insider subscribers tuned into our free conference call titled "How to Have Your Own Paris Pied-à-terre…and Let Someone Else Pay For It" with myself and John Rule, our Rental and Mortgage Manager.
Here’s the gist of the presentation we made prior to the participants’ questions:
The concept is to minimize your cash investment and maximize your rental revenues so that the mortgage is covered by the rents and a profit (10% annually is possible) is made so that the property becomes totally self sustaining…
and how to enjoy it!…
and how to use it to expand your property portfolio!
This is my true personal experience:
In 2000 my initial investment of my personal Marais apartment with a 20% down and 7.5% Notaire fees was approximately 56,000€ at the time, then at 8 francs to the dollar, a total of $45,500.
Today, including a property in NY (expected to close June 1), based on official appraisals (which tend to be lower than market value), using equity release mortgages, I now own four properties worth a little over $2 million at today’s rate of exchange!
The first apartment is my primary residence with no expectation of revenues, although over the years have rented the guest room and the apartment in its entirety which has supplemented the mortgage.
The second apartment I purchased in 2006 is "Le Provençal," which was purchased and renovated using 100% borrowed money. By the end of 2007, it had generated a monthly average of 2000€ AFTER 15% commissions paid to management and all expenses.
The third apartment I purchased is the Viager*, appraised today without rights of usage and renovation for one-third more than I paid for it.
*A "Viager" is a life annuity property. An elderly gentleman holds the rights of usage till his death or till he is willing to relinquish his rights. I have no keys nor rights to the property, but own the property.
The revenues from Le Provençal up through 2007 cover both the mortgage on Le Provençal and the Viager apartment with a profit of 3200€. Without the Viager mortgage, the profit for the first 16 months (2006 and 2007) was 13,400€!!!
Based on the investment of 157,800€ to purchase and renovate Le Provençal, that’s a return of 8.5% over the first 16 months of rentals.
The mortgage and maintenance on the New York apartment will be partly covered by my daughter at the same rent she was paying for a room shared with three roommates and the rest will be covered by the rental revenues of the Viager, once I have rights of usage and it’s renovated to a high standard. I fully expect to be able to take another loan to pay for the renovation!
How can you do this for yourself?:
1. Get into the market as quickly as you can.
* Prices and values are steadily increasing.
* The rate of exchange is tenuous. Even if the dollar gets stronger against the euro, your property is still in euro value and there is no sign that the euro will weaken. If the dollar gets weaker, the property will be worth even more.
* Mortgages are in euros and rents and revenues are in euro value, therefore the rate of exchange is not a factor…except that the rate of exchange can affect occupancy depending on how you manage your property…
2. Create a profitable rental property.
* Location, location, location
* Luxurious features and amenities
* Unique decor
* Quality management
* Good marketing
* Fair pricing
* Size matters: minimize size, maximize benefits –apartments are rented by how many people they can accommodate, not by the size
Apartments that rent well:
* Have lots of light
* Show well in photos
* Have every detail thought out
* Have personality
3. Invest the least amount of cash, take a mortgage that costs the least amount every month. We work with 6 or 7 lenders that offer creative solutions…
* New BPI Zero Plus Loan
A down payment goes into interest bearing account in dollars, held in dollars for the life of the loan, but only 25% to 30% of the capital repayment is required…
This loan banks on the dollar getting stronger…
* 85% and 90% loan to value mortgages
More of our lenders are offering higher loan to value ratios because of the weakening dollar…
* Long term mortgages
Take as long a mortgage as you can. In 20 years, that payment is going to be a lot less in value while rents have increased. Some lenders are offering as long as 30 and 40-year mortgages…
* Interest-only mortgages
This plan keeps payments down to a minimum while building a strong rental return. There are several options to choose from…
* Deferring payments
You can now defer the payments for several months to allow for the time is takes to renovate a property and a slow beginning rental period. You pay for it at the end of the loan, but by then, the revenues will be much stronger compared to the payments making it virtually meaningless…
4. Minimize your expense, maximize your pleasure.
* Treat the apartment as a business.
* Manage it yourself if possible – but those who manage it themselves can earn the most, but those who manage it themselves can earn the least –- it depends on how well you manage it
! Choose a go
od management firm and expect to pay them well, but expect a good occupancy rate and expect that your property will be well taken care of.
* Write off your trips and expenses to maintain a revenue-generating property.
* Write off your mortgage interest.
* Count your personal stays as accommodations expense you would have paid to someone else!
* Use the property during low seasons.
5. Build equity
* Rentals mature over one to two years -– expect a 50% occupancy rate by the second half of the first year. 70% occupancy is good, and above that is great and gravy!
* Remember the mortgage stays the same, except with interest only loans.
* If you keep the property 15 years, no capital gains tax is due.
* As the property value increases and your debt decreases, you can take equity release loans to finance additional properties.
* The more properties in your portfolio, and the lower the investment, the more you will profit…
It’s as simple as that…
And now for the questions…
You can listen to the call in its entirety as well as all the past conference calls offered as part of their FPI subscription by clicking here: http://www.adrianleeds.com/frenchproperty/insider/members/content/Conf_Apr_20_2008.mp3
Design Your Own Fractional Ownership Property
With "French Property Fractional"
by Adrian Leeds
Fractional ownership may be a hot concept!…but we’re making it even hotter!
A new division of the Adrian Leeds Group, LLC, "French Property Fractional" is the newest and hottest way to own your piece of Paris simply, easily and inexpensively without the hassles of purchasing it on your own, but with all the benefits of doing it yourself.
What’s Fractional Ownership?
A hybrid of direct ownership and time sharing, it combines the best elements of both. The primary differences are that while timeshares involve many 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.
Most Paris fractional property opportunities are properties that have been purchased, renovated and decorated by one developer who then sells off the shares. Most of these offerings sell six to twelve shares to minimize the investment amount while maximizing the size, location and quality of the apartment.
What’s new about "designing your own" property?
While this system works well for many investors, we found that there are large numbers of individuals who would like to combine the benefits of traditional fractional ownership with single-party ownership, enjoying more time to personally use the property, having more decision-making power about the property, more input and more control. We believe that YOU want to feel like the property is really YOURS — and it is!! So, why not have a more personal relationship with the property.
Here’s how French Property Fractional works:
FIRST, WE OFFER A "CONCEPT"
Our team is offering a property CONCEPT…to search and find the following property to be shared between only a very small group of owners — four to six:
"MY PIED-A-TERRE IN LE MARAIS"
SIZE: 35 to 45 square meters (377 to 485 square feet)
ROOMS: two rooms — one bedroom apartment, with bedroom on a courtyard for quiet, full bath (perhaps bath + separate toilet) and open American-style kitchen
LOCATION: Le Marais, districts 3 or 4
LEVEL: No higher than 3rd floor (European) without an elevator
BUILDING TYPE: 17th, 18th or 19th-century (no newer buildings!)
AMENITIES: lots of light, nice views, fireplace or balcony or patio, secured storage for personal belongings, all new kitchen and bath fixtures, all the luxurious comforts
4 shares, 135,000€ each, 3 months of usage per year
5 shares, 108,000€ each, 10 weeks + 2 days of usage per year
6 shares, 90,000€ each, 2 months of usage per year
USAGE: Owners determine their own usage calendar and have
complete flexibility to arrange their calendar among themselves
* Full price of the property including agency fees.
* All notarial and legal fees.
* Property search and consultation fees.
* Complete renovation and furnishing of property to luxury standards by professional interior architect and contractor within certain budgetary constraints.
EVERYONE MUST AGREE:
Members of the purchase pool must be willing to invest the full amount of at least one of six, one of five or one of four shares to be held in an escrow account to fund the property search, purchase and renovation.
The search will commence upon commitment in writing and receipt of funds from all members of the purchase pool with an agreed upon allowance for a minimum of 90 days to locate the property.
font size="2" face="Verdana">Upon location of
a property that fits the above parameters, a memo with photos and description of the property will be sent to all members who may decide at that time to approve or decline the property in a timely manner — within 48 hours of receipt of the memo. Any group which is able to approve the found property with a combined total of 540,000€ will enable the purchase process to proceed.
Members of the purchase pool will provide proxy to the Adrian Leeds Group, LLC to sign notarial documents on their behalf: the Promesse de Vente and Acte de Vente — allow 3 to 4 months to completion.
Three decor concepts that fit within the renovation budget will be presented to the purchase pool for voting and will be executed by the interior architect and construction team. Any choices made by the purchase pool outside the framework of the budget will be charged over and above the initial fees. Allow 2 to 3 months to completion.
Members of the purchase pool will appoint one spokesperson for the purchase pool to make day-to-day decisions and act as a "liaison" between all members of the purchase pool.
NOTE: The Adrian Leeds Group, LLC will offer optional property management services upon completion of the sale and renovation at an additional expense to oversee the maintenance of the property, provide housekeeping between owners’ visits, manage the calendar of owner visits, pay all annual taxes, utility bills, etc. OR the group may operate fully on its own upon completion of the process.
If you are interested in participating in a purchase pool for "MY PIED-A-TERRE IN LE MARAIS," email Adrian Leeds at firstname.lastname@example.org
If you are interested in traditional fractional ownership properties currently offered by our Fractional Ownership partners, see below:
Paris: LE JARDIN SAINT-PAUL
Languedoc-Roussillon: MAISON BLEUE
Repayment Loans with Terms of up to 30 Years!
From UCB International Buyers
UCB International Buyers is always adapting its products and services in response your financing needs.
Therefore, we are announcing that our repayment loans are now offered for terms up to 30 years.
This new term is applicable on all our acquisition and re-finance variable interest rate repayment loans.
* Fixed Rate and Interest Only loans terms remains unchanged up to 20 years.
* Equity Release Repayment loan term is now offered up to 30 years.
Clients can choose to exercise the option to switch to a fixed rate when the remaining term of their loan is less than 25 years.
Here are some general key points concerning the mixed solution Fixed/Variable:
The 3 month, 1 / 2 / 5 years are available for the Repayments loan.
The 3 month, 1 / 2 / 5 and 10 years are available for the Interest Only loan.
Big News: this fixed option is now available for refinance and equity Release solutions.
Bank processing fees can now be spread over 24 months.
For more information, visit http://www.adrianleeds.com/frenchproperty/loan
Hello Happy Blossoms
By Adrian Leeds
A year ago I wrote about an unseasonable April — Summer-like weather lasting weeks at a time of year when we’re usually still in sweaters and definitely in raincoats. This April is quite the opposite — the winter has no end in site.
Still, the temperature has not gotten below freezing hardly at all this year and the geraniums are coming back in full force with happy blossoms. They weathered the renovation period, having not been watered since November and acquiring a thick layer of dust from the construction. They are truly a hardy bunch of flowers that give me endless pleasure seeing them from all the windows. Often I wonder if the neighbors "en face" who see them from their windows appreciate them as much as I do.
These particular plants date back to 2006 when I dragged the rolling cart ("chariot" or "Caddie®") out of its hiding place and headed to the quai de la Megisserie along the Seine between Place du Châtelet.
There are four windows from which planters hang where I can nurture this, my favorite urban flower. Being a purist, I refuse to pot any color but red — the redder and bigger the better. So, when I set out on the quai, the goal was to walk the length of it seeking out the best the sellers have to offer, and of course, at the best price.
It didn’t take long to make one trip up and back before settling on two cartons of ten potted plants for 20 euros each at o
ne of the bi
gger shops, loaded a huge bag of soil into the cart and headed home for the big project I was about to undertake.
I’ve tested different methods of planting and have learned the hard way NOT to do the planting IN the apartment, but to make use of the beautiful courtyard with its ancient faucet and trough as a more reasonable spot to unearth and re-earth the flowers. The down side is that means carrying all the half-dead and pathetic planters, not only DOWN the 70 steps, but back UP the steps, too, and once they’ve been watered, they’re heavy, not to mention messy.
I imagine all the neighbors watched me from their windows as I unearthed the old, scaled back the root ball with my fingers (in rubber gloves, of course), trimmed the old leaves and then altered the old with the new in the planters, filling them with fresh earth, watering them well and setting each aside to drain and dry. That’s the routine.
It took about one hour to have the planters ready to hoist up the stairwell two at a time, but the mess I had made in the courtyard would surely have gotten me reported to the "Syndic" (manager of the homeowner’s association) if I didn’t clean it up to perfection! Brooms, buckets and elbow grease got the mountain of old soil and debris into the trash, its final remains washed down the drain to leave this 17th-century courtyard just the way I had found it — lovely and calm.
The planters found their way back to their rightful homes outside the windows, I dropped a kilo or two thanks to the exercise and once again, red geraniums were smiling at me, seemingly quite happy and content overlooking rue de Saintonge.
For those of you who get as much of a thrill as I do over something as simple, yet natural as colorful flowers, don’t miss the guided visits through the trees and flowers at the Bois de Vincennes at 2:30 p.m. on April 22, 2008 and at 3 p.m. on May 12, 2008.
Moneycorp Currency Specialists Market Commentary
Impact of data in the market place:
We saw the Euro exchange rate remain strong against other major currencies as data from the IFO business climate index showed a rise in German business sentiment. This was measured by the IFO business index, and figures rose from 104.1 in February to 104.8 in March, being the third consecutive monthly rise in the data and a surprise to many who were expecting a slight fall.
This news was described by analysts as another indication that the Eurozone economy is continuing to resist following in the woeful footsteps of the US economy. So far the ECB has refused to follow in the footsteps of the Federal Reserve in slashing interest rates in the face of the credit crisis and it appears that there is little chance of any interest rate cuts facing the Eurozone in the near future.
The ECB continued to take a tough stance on policy with President Trichet continuing to concentrate on the inflation risks. In particular, there is a strong determination to minimize the risk of secondary pressures from the high level of energy prices.
Markets responded by moving to lessen expectations for interest rate cuts later this year with futures markets cutting the chance of any rate cut to around 50%. There were further stresses within the money markets and the ECB added additional liquidity to help ease the tensions.
There were reports of European irritation over the US Administration’s dollar policy, but comments in public by European officials were still relatively restrained. French president Sarkozy was more vocal in the opposition to Euro strength.
Jean-Claude Trichet has continued to focus emphasis that the main goal of the ECB at the present time is to control Eurozone inflation which is predicted to remain significantly above 2% throughout most of 2008. This leading to an indication that conversely to cutting interest rates, there is a much greater chance that there will be a rise in the Eurozone interest rates in order to control inflationary pressures.
A strengthening Euro exchange rate quite simply makes buying Euros more expensive, the stronger a currency, the less of it you get for your money. The fact that the ECB are likely to increase interest rates in an attempt to control inflation means that the strength of the Euro currency is only likely to become greater, making buying Euros continually more expensive.
The strength of the Euro and the weakness of the Pound has caused the GBP/EUR exchange rate to fall continually over recent months finding little resistance. The fact that for reasons explained above the Euro is likely to strengthen will only mean that contrary to the opinion of hopefuls looking to buy Euros with their Sterling, the GBP/EUR exchange rate will continue to fall. Just because the rate has come down, doesn’t mean it has to go back up!
Central bank rates:
UK (MPC) 5.25%
EU (ECB) 4.00%
High & Low of the month:
High: 1.3161 (10/03/08)
Low: 1.2524 (31/03/08)
Difference of cost on a £200k property:
High: 263,220 euros
Low: 250,480 euros
A difference of 12,740 Euros
Key data out this month:
From the EU:
– Euro-zone gross domestic product released in line with expectations at 0.4% QoQ and 2.2% YoY.
– ECB interest rates decision. Interest rates held at 4% as expected.
– German ZEW economic sentiment survey more positive than expected at -32.0 compared to expectations of – 40.
– Euro zone Consumer Price Index (CPI) released at 0.3% MoM and 3.3% Yr on Yr.
From the U.S.:
– US Non-farms weaker than expected at -22k.
S unemployment rate at 4.9%.
– US Trade Balance shows further deficit from a previous $-57.9billion to $-58.2billion.
– US Consumer Price Inflation released at 4% in comparison to a previous 4.3%.
– FOMC interest rate decisions released showing a further interest rate cut of 0.75%.
– New Home Sales fall again to -1.8% MoM.
Impact of data in the market place:
Data being released from the Eurozone remains robust as the European economy continues to be resistant to the pressures created in financial markets by the credit crunch. The ECB still have had no cause to amend interest rates since June 2007 and many commentators expect their rates to remain steady in the months ahead.
Although there are some clear inflationary pressures within the Eurozone the outlook in comparison to the US markets is much more bullish with further potential for growth.
US Non-farms payroll figures show that for 2 months in a row the US economy has lost jobs. This in turn puts pressure on the FED to cut interest rates to ease the pressure currently within the market.
Inflationary pressures however, are a concern. With CPI registering at a high 3.3% this is a full 1.3% above the European Central Banks official target of 2% inflation. Technically above target inflation rates should call the ECB to action to raise interest rates and tighten monetary policy going forward. In contrast price growth in the US slowed to 4% compared to a previous 4.3% in Jan, this is the slowest rate of expansion in four months. Looking in to this in further detail it can be seen that cooling energy prices have helped to curb the impact of increasing food costs.
The FEDs most recent cut to interest rates now leaves the US Dollar as the second lowest yielding currency in the developed world. Since the last meeting of the FED the credit crisis has continued to rampage the US economy. The US dollar has fallen to record lows with the fear of risk having severe implications on liquidity in the market.
Central bank rates:
US Federal Reserve; 2.25%
Bank of England; 5.25% (next meeting 10th April)
High & Low of the month:
High; 1.5904 17/03/08
Low; 1.5145 03/03/08
Difference of cost on a €250k property:
There are different ways to buy currency when you are moving your funds abroad and many different things to consider, so you should start thinking about your options and watching the rates of exchange as early as possible. Even if you are not leaving for another 6-12 months, or will not be moving money over just yet, the more information you get at this stage the easier your decision about when to buy will be.
Moneycorp have a team who will happily talk you through your options in more detail and discuss a best fit strategy with you. For a free, no obligation consultation, visit http://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html
There are many strategies available to minimize your risk when transferring funds, all of which will be explained clearly by your personalized dealer should you open a trading facility with Moneycorp. To discuss your requirements in more detail and for a free currency consultation please contact Brian Westwater at mailto:email@example.com
Adrian Leeds, of Parler Paris and French Property Insider and John Howell, The International Law Partnership, Present the…
Living and Investing
in France Real Estate Conference
Upcoming Conferences in 2008:
Date: June 22, 2008
Location: International Law Partnership Offices, Holborn Hall, 193-197 High Holborn, London WC1V 7BD
Times: 10 a.m. to 6 p.m. with buffet lunch
Limit: 25 attendees
Registration Fee: £147 1st person, £97 2nd person
For more information, email firstname.lastname@example.org
To reserve your place, click here http://www.adrianleeds.com/frenchproperty/conference/LIF_London_June_2008/fax_reg_london_2008.pdf
to download the registration form, print it, complete it, sign it and fax it to +1 (661) 554-1257.
To check the current rate of exchange, click here http://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html for the Moneycorp Currency Convertor.
Date: July 26-27, 2008
Location: San Francisco, Alliance Francaise, 1345 Bush Street, San Francisco, California 94109
Times: To Be Announced
Registration Fee: To Be Announced
For more information, email email@example.com
Date: October 11-12, 2008
Location: Paris Chez Jenny
Times: To Be Announced
Registration Fee: To Be Announced
For more information, email firstname.lastname@example.org
Now You No Longer Need to Learn French!
It seems that the French have finally given in and accepted that English is the language of the winners.
The decision was made that the entry for this year’s Eurovision song contest should be in English to give them a greater opportunity of winning.
For so many people, to whom the French language was a barrier to buying in France, you can now sing your way to owning a French property.
See French Property Consultation on House Hunters International!
"Settling Down in Paris"
Angela and Ben met in 2003 when they lived in Los Angeles working 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. Property consultant Adrian Leeds is enlisted to help.
May 05, 2008 11:00 PM ET/PT
May 06, 2008 3:00 AM ET/PT
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: 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 May 13, 2008, and every second Tuesday of the month.
HOT PROPERTY PICKS: Garden Party Pied-à-Terres
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, 16th Arrondissement, 3 rooms, approx. 53m²
This apartment set on a garden is like a house, with a very good layout. Bright and quiet, it offers a large living room with two windows on the garden, two bedrooms, lovely separate kitchen, bathroom with toilet, large cellar.
Asking Price: 395,000€ + 2.5% Finder’s Fee
***Paris, 15th Arrondissement, 3 rooms, approx. 44m²
In a small 18th century stone building, this duplex apartment is on the third and top floors. Includes a living room, open kitchen, bedroom on the garden, marble bathroom and a second bedroom on th
e mezzanine. With wood floor
s and exposed beams.
Asking Price: 430,000€ + 2.5% Finder’s Fee
***Paris, 20th Arrondissement, 3 rooms, approx. 90m²
This little house has land of 300m². The living room and kitchen open to a terrace and garden, two bedrooms, bathroom, separate toilet, laundry.
Asking Price: 468,000€ + 2.5% Finder’s Fee
LEASEBACK NEWS FROM IMOINVEST
France, Center / South, Cauterets
Studio 18m² to 23m² €86,000 to €96,000
One Bedroom 26m² to 59m² €120,000 to €240,000
Two Bedrooms 55m² to 73m² €233,000 to €296,000
GUARANTEED RENTAL INCOME UP TO: 5.20%
Excellent location 75 km south of Pau, halfway between Bayonne on the Atlantic and Perpignan on the Mediterranean Coast. Discover the Pyrenean ski resort with the highest level of snowfall to date, as well as a glamorous thermal and Spa retreat centre. The charming village of Cauterets is nestled within a small valley at the foot of the Vignemale mountain range, which at 2800 metres is the highest in the Pyrenees region. This is a wonderful base in the summer for exploring the Pyrenean National Park and in winter Cauterets is blessed with abundant snowfall and is usually the first ski resort to open and the last to close.
The four-storey residence is adjacent to a comfortable three star hotel and is well-appointed with a warm and welcoming reception area, a lounge-bar with fireplace, a large children’s play area, a restaurant reputed for its generous buffets, and a balneotherapy centre, offering state of the art health and beauty treatments using the water from the natural hot springs. Residents will have access to all the hotel facilities.
- Residence already up and running
– Located in one of the biggest ski resorts of the Pyrenees
– 100 meters away from the ski lifts
– 150 meters away from the thermal Spa centre
– 3 stars residence with a water therapy centre, Spa, swimming pool, Jacuzzi, solarium, fitness centre
– 11 year lease with strong management company
– Good access from Tarbes airport (50kms away), Biarritz and Toulouse airports and Lourdes TGV station near by
– Discount off the public rates for all owners
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, s
o if you do need assistance, send an email
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
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Past issues of FPI are available on the website. You will find the
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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.
La Bonne Nobel
Rue Nobel – one of Montmartre’s Most Charming Streets
Two-Bedroom (One-Bedroom + Bedroom/Office), Sleeps 4
On the third floor with elevator of an elegant "pierre-de-taille" building, on a quiet stair-stepped street in Montmartre, with no through traffic or hint of noise, sits "La Bonne Nobel." Completely renovated in late 2007, this gem is bright, shiny and luxuriously comfortable. Every surface and corner of the apartment has been exquisitely decorated in soothing tones of pale blues, beiges and soft browns.
Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/nobel.html
or email: Apartments@AdrianLeeds.com
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Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com