Paris Property Prices and Potential

Paris Property Prices and Potential

Eiffel Tower

Which arrondissement has the most growth potential?

(FOR SUBSCRIBERS ONLY)

French Property Insider

January 24, 2008
Paris, France
http://adrianleeds.com/frenchproperty/insider

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Bonjour French Property Insider Subscriber,

I’m happily installed in "Le Provençal" (http://www.adrianleeds.com/parlerparis/apartments/rentals/provencal.html) while my apartment begins the renovation process. Surprisingly, I’m discovering it’s even more perfect than I had imagined, even though all the renters have said that’s so (read the reviews!). So far, the only thing I’ve found missing is a set of juice glasses (not serious) and a trash can next to the desk where I am amazingly completely operational with computer, printer and all the necessary office supplies (I managed to find a perfect basket made of all the Provençal colors).

Still, a few improvements are scheduled to begin tomorrow thanks to the mosaic tile artist, Véronique Husson (http://www.intemporelle-deco-mosaik.com/), who designed and installed the tile and stained the walls yellow. Where the café chairs have scratched the walls, she will add more tile motif to protect them. A few stains on the walls will be retouched. Véronique is poised to create the same mosaic magic at my next rental apartment project — the Viager — if I ever can take possession of it!

Tomorrow the renovation preparation begins and then Monday the work begins in full force. Martine di Matteo is overseeing the whole project and one of our newer contractors is committed to five weeks of construction, to be ready for my return from Miami at the end of February. Martine and Benoit are organized, the completion date and price both set to hold firm. Materials costs are where the real price increases happen as better materials are inevitably chosen every step of the way. You’ve heard me say it before…twice the time, twice the price. Yes, this will take twice the time and twice the price that was set in my mind at the beginning. But, I’m convinced it will be worth it.

Today I signed on my own loan at the Notaire’s office to purchase an apartment in New York City for my daughter to live in. This is a perfect opportunity to make use of the increase in value of my French properties, having taken an "Equity Release" loan. The bank assessed the value of the properties and subtracted the principal repayment balances to determine how much I could borrow. Because of the rate of exchange, the euro loan pays 90% of the price of the property! As the dollar increases in value, the loan will cost less. Meanwhile, the Manhattan property is sure to increase in value, too.

Moneycorp currency specialist (http://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html) is helping me make the most of the transfer of the mortgage funds to the U.S. by splitting the transfer into two parts to reduce the risk of the exchange rate. Using their service, I am saving thousands of dollars in transfer fees and making smart profitable decisions thanks to their sage advice.

News from Moneycorp is that the Australian Dollar Gains as the Pound Weakens. Read their full report in today’s issue along with our report on the latest Paris property prices and how they continue to climb. All of you waiting for the U.S. dollar to gain in strength are losing appreciation potential every day you’re holding out from doing something! We are constantly discovering new solutions to overcoming the weak American dollar so that you can own assets in the strong euro. It’s because of the strong euro assets that I have the ability to provide my daughter with a home in New York City! Don’t hesitate to contact us to learn how you can participate.

Our focus today, however, is on each of the Paris districts — which will bring you the most pleasure and profit. The report is an important one for all of you unsure about how to get your best Return on Investment. We also have new "gossip" about the Château d’Ansouis sold at auction this past week, but NOT to Pierre Cardin, as it was presumed!

There’s more in store, so settle back, take a slow read and dream about your next pied-à-terre in the City of Light!

A bientôt…

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

P.S. To all our Aussie readers, Happy Australia Day, January 26, 2008! "The tradition of noticing 26 January began early in the nineteenth century with Sydney almanacs referring to First Landing Day or Foundation Day. That was the day in 1788 Captain Arthur Phillip, commander of the First Fleet of eleven convict ships from Great Britain and the first governor of New South Wales, arrived at Sydney Cove. The raising of the Union Jack there symbolized British occupation of the eastern half of t
he continent claimed by Captain James Cook on 22 August in 1770." Read more about it at http://www.australiaday.gov.au/pages/page593.asp

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Volume V, Issue 4, January 24, 2008

In this issue:

* Understanding Paris Property Prices
* Where to Buy in Paris for Rental or Residential Potential
* Comparison of Major Currencies by Moneycorp
* Report on The France Show
* Update on Château d’Ansouis Sale
* French Property Boom in Charente
* Fractional Ownership Solution – Two Paris Properties Available
* Living and Investing in France Conference, February 16-17, 2008, Miami
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: February 12, 2008
* Hot Property Picks: Properties with Potential
* On the Auction Block: January 29 and February 12, 2008
* Leasebacks: Residence Iratzia, France, Atlantic Coast, Saint Jean de Luz
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — Mon Petit Château

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View of Sacre CoeurHow to Understand the Reported Property Prices
By Adrian Leeds

I can’t stress this enough. Before you read the following article and look at the most current reported property statistics, please learn HOW to understand them so that they will be useful to you.

The property price figures for Paris and the Paris region (Ile-de-France) are reported quarterly by the INSEE, the French National Institute for Statistics and Economic Studies (http://www.insee.fr/en/home/home_page.asp). Just this January 15th, the statistics were released for the end of 3rd quarter 2007, almost four months after the closing of the month. Given that the properties to which the statistics relate were purchased about three months earlier than the deeds were recorded (the time between the signing of the Promesse/Compromis de Vente and the Acte de Vente, you can assume then, that these figures are already out of date by six to seven months.

In light of that fact, now let’s look at how it affects the market values you will experience when you set out to look at properties. This report averages Paris per square meter prices at 6,181€ with an annual appreciation of 8.7%. Seven months is 3/5 of the year. If you were to visit properties today, you can already expect the prices to be about 5.2% higher (3/5 of 8.7%), or 6,502€ per square meter.

Other factors that contribute to this variance are: 1) the reduction in the purchase price, which can be attributed to direct payments made to the sales agent to help reduce notaire fees,

2) the listing of inventory of fixed furniture such as built-ins and appliances and

3)the under-the-table cash transactions, which are illegal but do occur.

4) Finally, the figures are diluted as they are reported by an arrondissement in its entirety and do not account for differences by neighborhoods or quality of properties.

I’m no mathematician nor economic analyst, and I’m sure among you there are readers who can correct my rather plebeian theory, but we know for a fact, that the actual market values are considerably higher than those the Chambre de Notaires report. We know based on property searches and visits we perform daily.

So, when setting out to find your perfect Paris apartment, keep in mind that what really counts are the asking prices of comparable properties.

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Paris Property Prices Show Off Those Properties with Rental and Residential Potential
By Adrian Leeds

Second quarter 2007 may have seemed like a weak increase in price and activity by comparison to past periods of property sales, but third quarter rose almost twice that — 3.4% appreciation of price in one three-month period. Even the annual increase is holding steady — up 8.7% from third quarter 2006 to third quarter 2007 at an average per square meter of 6,181€.*

*Remember, this average is 30% to 50% below the current market value. Our current estimate of a true market average at this time is approximately 8,000€ per square meter.

paris property price chart

The district which continues to lead as most expensive is the 6th (Saint-Germain-des-Prés) at 9,144€/m2 with an appreciation lower than the average of 7.6%. From a statistical point of view, this district would not appear to be the wisest of investments. It is, however, the second most requested area for short term rental apartments.

Therefore, occupancy rate is likely never or rarely to suffer. The location itself, compared to other central locations, does not necessarily intrinsically increase rental rates, whereas the decor and amenities combined with location do. If you decide to purchase in this district and intend to reap rental rewards, our advice would be to NOT skimp on luxuriousness so that your property can attract only the highest of clientele and command the highest of rates.

The second most expensive district also continues to be the 7th (Eiffel Tower) at 8,660€/m2, but shows tremendous growth with 12.4%. While the 7th can be a bit dull in some p

arts for the average tourist, there
is nothing more desirable than a view of the Eiffel Tower and the market street rue Cler will easily draw rental clientele. This is Paris’ most elegant district and with the right property, a purchase here can be virtually risk free.

paris property price chart

The 4th district followed suit, comprised of the lower part of Le Marais and the Ile Saint-Louis with an average of 8,371€/m2, but showed only light growth just under the average with 8.2%. Could it be simply topping out a bit? One thing is clear — averages vary greatly around the district depending on specific location. We have seen properties on Ile Saint-Louis sell for as much as 20,000€/m2.

The 5th district was the second highest appreciating area of the city, but remains expensive at 8,291€/m2. Areas around the Latin Quarter and near Notre Dame have high rental potential. You’ll find some properties here as old as 16th and 17th-century with lots of charm.

For residential purposes, the most ideal districts are those that show the most appreciation at the lowest per square meter prices. Have a look at the 10th, 16th and 19th. The 10th (Canal Saint-Martin) continues to show above average growth while prices remain low at 5,479€/m2. The "Bobos" are still moving in (contraction of "bourgeois-bohème"), ‘gentrifying’ and ‘hipifying’ it! In the 16th, where apartments are large and elegant (Trocadero), the price per square meter is a bargain for the top-of-the-charts growth its showing. Now, have a look at the 19th (Parc des Buttes Chaumont). This is the hottest spot in Paris to set up residence at a bargain price at only 4,884€/m2 coupled with extreme growth potential of 10.2%.

paris property price chart

For rental revenue potential, consider other districts that have above average appreciation and moderate prices where occupancy rates will be also be above average. The two districts that will fulfill the best return on rental investment are the 2nd (rue Montorgeuil) and the 3rd (Haut Marais). Both are reasonably priced (6,755€/m2 and 7,147€/m2 respectively). Both show above average growth (9.0% and 9.1% respectively). To reduce your risk, purchases on both of these districts will make ideal rentals with growth potential in terms of occupancy, rates and appreciation.

DISTRICTS SHOWING THE MOST GROWTH

Arrondissement % Growth Price/m2
16th +12.7% (7350€/m2)
5th +12.5% (8291€/m2)
7th +12.4% (8660€/m2)
19th +10.2% (4884€/m2)
8th +9.6% (7791€/m2)
1st +9.3% (7630€/m2)
3rd +9.1% (7147€/m2)
2th +9.0% (6755€/m2)
10th +8.9% (5479€/m2)
17th +8.6% (5942€/m2)
4th +8.2% (8371€/m2)
11th +8.2% (5788€/m2)
13th +7.9% (5952€/m2)
9th +7.7% (6250€/m2)
6th +7.6% (9144€/m2)

To read the 95-page report in full, visit http://www.paris.notaires.fr/UPLOAD/files

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Moneycorp currency specialistsMoneycorp Market Commentary
From Moneycorp Currency Specialists

Further $AUD
Ga
ins as the Pound Weakens

After regaining some of its losses in November, the downward trend of the Pound against the Australian Dollar of the past few months continued as it slipped by almost 10 cents throughout December, finishing the year at around the 2.25 levels.

Weaker data from the UK and continued nervousness from the credit crunch prompted the Bank of England to cut their rates to 5.5%, with increasing speculation that there could be further cuts in the early part of 2008. The housing market fell for the second month in a row and, with mortgage approvals also dropping, Sterling lost ground on all the major currencies hitting an all time low against the Euro.

In Australia the RBA, as expected, kept their rates at a lofty 6.75% and many analysts are predicting that inflationary pressures and a tight labor market will most probably force rates even higher throughout the course of the year. Gold prices are also at an all time high, and with the US Dollar still weak, Australia remains an attractive investment for those with renewed risk appetite…

To read more commentary on major world currencies, click on the link: http://www.adrianleeds.com/frenchproperty/insider/members/content/Moneycorp_Currency_Commentary.pdf

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The France ShowFirst France Show Gets Off to a Storming Start
http://www.thefranceshow.com

The London rain didn’t stop thousands of visitors flocking to the opening day of the three day France Show 2008 at Olympia on Friday.

Built around the themes of food and wine, travel, property and language, The France Show 2008 is the largest celebration of France and French living to be held in the UK and hopes to entertain over 35,000 visitors from across the UK.

The Show was opened in spectacular fashion when a VIP Breakfast hosted by show organizers Archant Life was invaded by a troupe of Can Can dancers who took the stage for an action-packed five minute stint.

This was followed by introductions by guest speakers from ABTOF, SeaFrance and Maison de la France with celebrity chef Jean-Christophe Novelli finishing off proceedings with a speech in his native tongue.

Novelli has been promoted as the face of the 2008 Show and indeed will be hosting a number of the live cookery demonstrations on offer to visitors each day.

The France Show 2008While cookery, food and wine are high on the menu, with wine and champagne tasting in abundance, the Show also plays host to the UK’s largest exhibition of French property, with many thousands of properties for sale on display from all the leading agents from both sides of the Channel. Seminars on travel, language, property and wine tasting add education to the whole experience.

"This has been an exceptional start to the France Show 2008," commented Archant Life France MD Miller Hogg. "Hopefully people will continue to come in droves throughout the weekend for a great day out whether they are a true francophile, French property hunter or someone who simply likes the idea of finding out more about this stunning country and its colorful culture."

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Chateau AnsouisPierre Cardin will Not be Lord of Le Château d’Ansouis!

One of the most beautiful châteaux of Provence in one of the most beautiful villages…

The saga of the Château d’Ansouis continued when it went up on auction this past January 17th. (See http://adrianleeds.com/frenchproperty/insider to refresh your memory!)

It’s a story of a family’s dispute and one of France’s most illustrious citizens.

The youngest child of the family, Géraud de Sabran, also mayor of Ansouis, said, “I find it lamentable that my sister wanted to sell the castle even though she had the means of keeping it. My two brothers also wanted to preserve this residence in which we always lived. I hope at least that it will remain open to the public. What Pierre Cardin and his foundation wanted to do with it did not help to obtain the castle."

Pierre Cardin made the highest bid on the first sale on October 29, 2007, but he won’t be "lord of the manor" thanks to a misunderstanding by his Notaire, Maître Jean-Pimor. The candle was extinct before he could outbid the winner, a Provençal physician. Set at a starting price of 5,170,000€, it was sold at 5,6000,000€

Pierre Cardin remarked, "What occurred is a total injustice. I do not understand. For me, this purchase was made. I had a budget quite higher than the last offer. It was for me to say stop to my lawyer if I wanted to stop the sale and I did not do that."

Chateau Ansouis
Elzéar de Sabran Pontevès, the son of the mayor of Ansouis, and the lawyer of the family M. Arnaud Claret

Was the Notaire simply disabled or was there a real disagreement? "My client thinks that it was a plot, but it was not that at all. I am really sorry for this misunderstanding, and I will try to do something, but I can say nothing for the moment.

The result is that Pierre Cardin missed the opportunity to be owner of the castle. Ansouis will have to accept the presence of two new residents — a couple, currently living in Aix-en-Provence, who for the time being wishes to stay anonymous, but wants to be reassuring all the same: "We will not close the castle to visits, however, we are in love with the old stones and the castle will be our principal residence." For Elzéar, the son of Géraud de Sabran Pontevès, it is a relief and finally a good result. "My aunt the duchess will not have 10 million euros to her disposal. My only concern today is that of the intentions of the purchaser, that the castle will remain open to the public."

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CharenteFrench Property Hotspot: Charente
From http://www.homesworldwide.co.uk

New Ryanair route paves the way for property boom in Charente region.

French property experts VEF UK offered clients a top tip for investments this year: look to Charente.

The company said on its website: "buyers looking for a solid French property investment this year would do well to consider the Charente. The news of Ryanair’s confirmed new route from Stansted to Angoulême-Cognac airport from April has confirmed what many experts in the French property market have been predicting; that the Charente could well become an investment hotspot for 2008."

Visitor numbers in the area this year are predicted to swell by over 20,000 in light of its improved accessibility, and it is believed that the stunning countryside, friendly locals, traditional light stone properties and beautiful lakes and rivers will be a strong draw for many to stay.

The new route, coupled with improvements in the TGV network meaning that Angoulême is only five and a half hours by train from London, making the Charente more accessible than ever.

VEF UK estimates that property prices in the area are 15% cheaper than the national average, with a good supply of characterful stone properties still within reach for most buyers. The agents noted that the interest shown from the UK and Ireland that has been steadily growing over the past few years is set to intensify in 2008.

So, if you’re interested in buying in the Charente, the early part of the year offers a great chance of snapping up a bargain before the airport opens in April and the market gets going as it always does after Easter.

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jardin saint paul

Le Jardin Saint Paul
View from the Bedroom

The "Fractional Ownership" Solution Update
By Adrian Leeds

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

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
http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/jardinstpaul.html

Chez La TourNEW FRACTIONAL OWNERSHIP FOR SALE NEAR EIFFEL TOWER

Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Two-Bedroom, 88.1 m2
99,500€ / 12 Shares Available
Available for Use May 200

8

<
p>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

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Living and Investing in France Real Estate Conference!
February 16-17, 2008
Alliance Française, Miami, Florida

If you’ve always dreamed of owning your own "pied-à-terre" in Paris or home in the Provinces of France, perhaps as a future retirement home or for now as investment property rented part of the year…this power-packed two-day conference is a MUST.

Hosted by Adrian Leeds, long time resident of Paris, Editor of the Parler Paris Nouvellettre® and French Property Insider weekly E-zine and John Howell, lead attorney for the International Law Partnership, London, these two days in Miami will point you in the right direction to make it really happen! Includes three course lunch and cocktail reception.

For more information and to register, visit: http://www.adrianleeds.com/frenchproperty/conference

Or email Schuyler Hoffman at info@adrianleeds.com

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

Let French Property Insider expert property consultants find your dream home in France for you. We consult with you to help you make the best decisions, ferret out the finest properties to meet your criteria, schedule the visits and accompany you, negotiate with the agencies and owners, recommend the Notaires and other professionals, schedule the signings and oversee the purchase with you from start to finish! You could never do it so easily on your own. Let us take the time and effort off your hands.

FPI Offers More Relocation Solutions!

Moving to Paris? Our experienced relocation expert will make your move easy and hassle-free. We offer complete property and relocation services normally only provided by employer hired relocation firms…but at a price much more affordable for individuals.

Download Complete Brochure
http://www.adrianleeds.com/frenchproperty/consultation/fpibrochure.pdf

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MoneycorpTODAY’S CURRENCY UPDATE

Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp Global Money Services: http://www.adrianleeds.com/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.

Compare currency values easily and quickly by visiting:
http://adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html

Charts
http://www.Moneycorp.co.uk/members/charts.asp
The charts below are updated every ten seconds.

The prices shown are "inter bank" exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.

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

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

The next gathering is Feburary 12, 2008, and every second Tuesday of the month.

 

 

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HOT PROPERTY PICKS: Properties with Potential

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 apartment*** Paris, 2nd Arrondissement, 3 rooms, approx. 72m²

Near Opera, in a pierre de taille building on the third floor with elevator. With entrance, living room, American-style kitchen, 2 bedrooms, bathroom, separate toilet, cellar, wood floors, fireplaces.

Asking Price: 580,000€ + 2.5% Finder’s Fee

 

 

 

 

paris apartment*** Paris, 3rd Arrondissement, 3 rooms, approx. 85m²

Near République a large, classic apartment on the first floor of a beautiful building with high ceilings and fireplaces. Living room, 2 bedrooms, kitchen with dining room, bathroom, separate toilet. Bright and lots of space.

Asking Price: 615,000€ + 2.5% Finder’s Fee

paris apartment

paris apartment*** Paris, 10th Arrondissement, 3 rooms, approx. 50m²

Close to Canal Saint Martin, on the fifth floor of a pierre de taille building that is installing an elevator. Entrance, separate kitchen with a window, bathroom, 2 bedrooms, balcony, open view. Wood floors, moldings, fireplaces.

Asking Price: 470,000€ + 2.5% Finder’s Fee

 

paris apartment

paris apartment

paris apartment*** Paris, 19th Arrondissement, 3 rooms, approx. 39m²

Stone and brick building, a south facing apartment with 3 rooms in good condition. Living room, separate kitchen, separate toilet, one bedroom on a quiet street, one bedroom on a mezzanine, bathroom. This charming apartment has lots of space and an open view.

Asking Price: 240,000€ + 2.5% Finder’s Fee

 

 

 

 

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

Next Sessions: January 29 and February 12, 2008 at 2 p.m.

Notaires de Paris
Place du Châtelet
12 avenue Victoria
Paris 1st

Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at http://www.encheres-Paris.com/ Though the site has a button for an English version, it isn’t reliable to work.

To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
http://www.adrianleeds.com/frenchproperty/insider/members/content/articles/auctions1.html

January 29, 2008 at 2 p.m.

paris auctions 2 rooms 19,90 m²
9/11 rue Saint-Séverin
75005 PARIS 5th
Opening Bid: 108,000€
Deposit: 21 600,00 €
paris auctions 3 rooms 67,35 m²
135 rue de Clignancourt
75018 PARIS 18th
Opening Bid: 230,000€
Deposit: 46,000€
paris auctions STUDIO 47,07 m²
23 rue du Chemin Vert
75011 PARIS 11th
Opening Bid: 211,500€
Deposit: 42,300€

February 12, 2008 at 2 p.m.

paris auctions 15 rue du Louvre
75001 PARIS 1st
Opening Bid: 320,000€
Deposit: 64,000€
paris auctions STUDIO 36,6 m² + 2,5 m² outside Loi Carrez
15 rue du Louvre
75001 PARIS 1st
Opening Bid: 230,000€
Deposit: 46,000€

> ===============================

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

french leasebacksRESIDENCE IRATZIA
France, Atlantic Coast, Saint Jean de Luz

One Bedroom 33m² to 36m² €165,000 to €183,000

Two Bedrooms 41m² to 52m² €198,000 to €247,000

Three Bedrooms 44m² to 69m² €241,000 to €397,000

Quasi Hoteliere Holiday Leaseback

IMMEDIATE DISCOUNT UP TO: 30.00%

french leasebacksfrench leasebacksfrench leasebacks

Excellent location between Biarritz and the Spanish border in a charming town at the foot of the Pyrenèes Mountains on the French Atlantic Ocean. Residence Iratzia is located 200 metres from the beach and a few minutes walking distance from the authentic fishing port and city centre. Biarritz-Parme Airport and San Sebastian Airport are located 15 km from the residence. Apartments will all be fully furnished with terrace or balcony.

- Immediate 30% discount
– 11 years worth of rental income paid up front
– 19.6% VAT tax paid by the developer
– Up to 6 months holiday use per year
– Residence managed by ODALYS: experts in vacation rental
– Discounts on beach and mountain vacations
– Outdoor swimming pool, tennis courts and restaurant
– Tailor made financial solutions

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French Propety LoanSEEKING A MORTGAGE IN FRANCE?

When you make a purchase as important as a piece of real estate in a foreign country, you want to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.

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

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Managing Your French Property Insider Subscription is Easy!

We receive many emails from French Property Insider Subscribers who want to change their email address, or update personal information. But did you know that you can make these changes yourself?

It’s easy…

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

2. Click on "Manage Subscription." You’ll find it under the "Subscribers Only" section in the sidebar.

3. Enter your username and password.

4. On the Welcome Page, go to "Manage Your Account" and click on "Change Password/Edit Profile"

5. Once you’ve made the changes, scroll down to the bottom of the page and click on "Save Profile."

Simple!

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

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insider paris guidesWe 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
order.

3. If you order two or more guides, then an additional 15% will be
taken off automatically. There is no promotion code needed.

Here is the special "coupon" Web link just for you:
http://www.insiderparisguides.com/offer/fpi_offer.htm

ont>

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THINGS YOU NEED TO KNOW

To access password protected pages: click on any of the links on the left panel of the home page of FrenchPropertyInsider.com under "Subscriber’s Only," then type in your personal username and password.

Past issues of FPI are available on the website. You will find the
"Past Issues" link on the left under "Subscribers Only" or by going to
http://www.adrianleeds.com/frenchproperty/insider/members/content/pastissues/index.html

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

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HELPFUL CONVERSIONS FOR REAL ESTATE

1 square meter = 10.7639104 square feet

1 hectare = 2.4710538 acres

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

==== CLASSIFIED ADVERTISING ===

Parler Paris ApartmentsPARLER PARIS APARTMENTS
http://www.adrianleeds.com/parlerparis/apartments
Email: apartments@adrianleeds.com/parlerparis

Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the "seal of approval" from Parler Paris Apartments and me, Adrian Leeds.

Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!

Parler Paris Apartments is administered and serviced by the same great team as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.

NEW LISTING!

Mon Petit Château
3rd Arrondissement, Le Marais
One-Bedroom Duplex, Sleeps up to 4

A magnificent illuminated glass staircase, as unique as a work of art, is the centerpiece of this charming little country house in the middle of Paris….

Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/maison.html
or email: Apartments@AdrianLeeds.com

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SUBSCRIBE TO PARLER PARIS

If you’re not a regular reader of the Parler Paris daily e-letter, and would like to be, simply enter your e-mail address here (it’s free!): http://www.adrianleeds.com/parlerparis

================================

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

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