Paris' Southern Exposure

Paris’ Southern Exposure

La Cinématèque Française in Bercy, 12th Arrondissement…
One of the Lower Four Real Parisian Districts

(FOR SUBSCRIBERS ONLY)

French Property Insider

October 12, 2006
Paris, France
http://adrianleeds.com/frenchproperty/insider

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Bonjour French Property Insider Subscriber,

We’re busy gearing up for two important events — this Sunday’s Expatica Welcome to France Fair where attorney John Howell from the International Law Partnership and I will have a stand and a speaking engagement and the upcoming Living and Investing in France Seminar on December 29th here in Paris.

This is Expatica’s second annual fair. The first one was so successful, they decided to do it again and now it’s blossoming to other cities as well. We expect thousands of people, mostly Expats of course, to visit the fair and the booth (#55/56) next to the speaker’s stand. John and I are speaking at 3:45 p.m. on the topic of "Getting Ready to Find Your Dream Home in France"…so try not to miss it.

Then at the end of the year, just before we so au revoir to 2006 and bonjour to 2007 on the 29th of December, John and I will be hosting our 17th conference/seminar "Living and Investing in France" — a power-packed one day line-up of our finest presenters concentrating on the subject of investing in property in Paris and France. When we held the seminar two years ago at this very same time of year, we had an overwhelming response, so this is a "repeat performance," only much better.

The whole day will be spent at the historic Chez Jenny and will include, not only the usual coffee breaks, but a three-course lunch with Kir, wine and coffee and the finish the day on the best note, a cocktail with new found friends. The price of all this is a big bargain considering how much you will save with the information you will gain, not to mention all the special treats. You can start registering now — and book your accommodations early as this is a very busy and wonderful time of year to be in Paris!

Today we are focusing on some very important topics — 1. what you can expect to pay in Notaire fees and taxes and how they are calculated, and 2. how to avoid and/or reduce inheritance taxes. Be sure to keep a copy of this valuable information for future reference.

Our focus on property is on the lower four arrondissements of Paris — what we think of as "real" Paris where one can buy more for their money and enjoy living in a more authentic part of the city. Several of our clients have opted for these areas recently…and for good reason. Read on and find out, then be sure to see what properties we are offering up in our "for sale" window.

Next week we’ll be reporting on the fair, so stay tuned…

A bientôt…

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

P.S. Stop by the booth at the Expatica Welcome to France Fair and get your free gift from FPI!

 


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Volume IV, Issue 40, October 12, 2006

In this issue:

* The Southern Arrondissements of Paris
* What You Need to Know About Notaire’s Fees
* French Inheritance Tax Tips
* Europe Tops with Retirees
* Tax Haven in the South of France
* On the Auction Block: October 24 and November 7, 2006
* Living and Investing in France One-Day Seminar December 29, 2006
* This Sunday! Expatica’s Welcome to France Fair, October 15, 2006
* FPI Property Consultation, Search and Relocation Solutions
* French Property Consultation Concierge Services
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: November 14, 2006
* Hot Property Picks: The South of Paris
* Leasebacks: Relais Spa Paris Roissy, France, Paris / Ile de France, Roissy en France
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments – NEW! Les Arts et Métiers

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Paris Southern Exposure
By Adrian Leeds

We’ve seen a new wave of property clients purchasing outside of the traditional first eight most central districts of Paris, heading south to less transient neighborhoods — more specifically, the 12th, 13th, 14th and 15th arrondissements.

These are the districts in the southern half of the "escargot" of Paris. There aren’t as many monuments in these districts, but they do claim some important landmarks…

You’ll find the Opéra de Paris Bastille, the Gare de Lyon, the Viaduc des Arts/Promenade Plantée, the Palai

s Omnisports de Paris Bercy, Le Parc de
Bercy and several large hospitals in the 12th.

The 13th is proud of its China Town centered around Place d’Italie, the Gare d’Austerlitz, the Bibliotèque Nationale de France Mitterand, the Stade Sébastien Charlety, the Manufacture des Gobelins and the La Pitié Salpétrière.

South central, you’ll discover the 14th has lots to offer. It claims the Cimetière du Montparnasse and the Observatoire de Paris, not far from the Fondation Cartier. At the most southern part, you’ll find the Parc Montsouris and the Cité Universitaire. Several large hospitals can found there — Sainte Anne, La Rochefoucauld, Saint j2999eph and Broussias. At Porte de Vanves, one of the city’s largest flea markets takes place on weekends.

The 15th arrondissement is the largest in Paris. Notable landmarks include the Porte de Versailles International Exhibition Center, the Musée Pasteur and Institut Pasteur, the Parc Citroën and the Hôpital Necker for children. The Gare Montparnasse and the Tour Montparnasse sit on the edge adjacent to the 14th.

There are many advantages to living a little off of center in any one of these districts. If your number one goal is NOT short term rentals, then you are free to choose any district of Paris and likely to find bigger bargains in the districts from 9 to 20. These four particularly afford a comfortable lifestyle for less without losing anything in the translation.

You will find these districts offer REAL PARIS. By that I mean — real Parisians, local independent merchants (butchers, bakers and candlestick makers), real every day life without the tour buses and tourists. Here you’ll find more little inexpensive bistrots with mom/pop owners and lot of open-air markets. Life here is quieter, more relaxed and less expensive.

You will not give up great transportation or things to do — it’s still Paris and all that it offers, perhaps much more than in a more central, more transient district. Plus, you can get more space for you money and become more at one with your Parisian neighbors.

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Notaire Fees and Transfer Taxes

When purchasing a property in France, the buyer must pay certain fees and taxes which are called "frais de notaire" even though they do not constitute the remuneration of the Notaire but include taxes paid to the French state and municipalities. Those are calculated by the Notaire, paid by the buyer on top of the purchase price and disbursed directly by the Notaire to the different parties concerned. They represent about 7 to 10% of the acquisition price and are of three natures: professional fees of the Notaire and direct costs: transfer taxes and mortgage fees (when applicable).

Professional fees

The Notaire will charge fees based on the amount of the transaction as follows

1st amount up to 3,050€, fee 5% before VAT
2nd amount from 3,050€ to 6,100€, fee 3.3% before VAT
3rd amount from 6,100€ to 167,70€, fee 1.65% before VAT
4th amount over 16,770€, fee 0.825% before VAT

For example, for a 630,000€ transaction:

3050 x 0.05 = 152.50€
3050 x 0.033 = 100.65€
10670 x 0.0165 = 176.05€
13230 x 0.00825 = 109.15€

TOTAL 538.35€
VAT 105.55€
=======================================
TOTAL VAT included 643.90€

A 19.6% VAT must be added to those figures. The Notaire may also ask for the reimbursement of his direct cost relative to the specific searches, if any (asbestos, termites, encumbrances…) undertaken for the preparation of the deed.

Transfer taxes

For a second hand property of more than five years of age since construction (unless it was already resold more than once), the following taxes are payable bases on the purchase price:

"Droit d’enregistrement": 3.60%
"Taxe communale": 1.20%
Others: 0.09%
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TOTAL: 4.89%

For a new house or apartment of less than five years of age since construction and which has not yet been resold, the following taxes are payable based on the purchase price:

VAT: 19.60%
"publicité foncière": 00.60%
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TOTAL: 20.20%

Stamps duties are also payable based on the number of pages of the deed and can represent between 200€ and 500€.

Mortgage costs

Mortgage costs amount to about 2% of the loan amount including land registry fees. It is advised you check with the Notaire, the exact costs which you will have to pay according to the specifics of your acquisition. The above figures are given to you for information purposes only.

Sample Property Notaire Fees and Taxes

1. Price of the property 380,000€
2. Real estate agency fees 16,000€ vat included

Normally 5% of the purchase price of the property. If no agency involved, no fees. Agency fees can be negotiable and can be paid separately direct to the
agency to reduce the purchase price
recorded on the deed.

3. Power of attorney 250€

If you are present for all signings, then the Power of Attorney is not necessary. It is an optional expense to have an outside representative or the Notaire to sign on your behalf.

4. Expenses and notary fees 24,500€

Based on the recorded purchase price of the property…which can be reduced by listing furnishings included in the purchase (appliances, closets, etc.) and separating agency fees. This amount includes:

* Notary fees of 4,142.64€ VAT included
* French public treasury for the sale: 19,722€
* Other expenses (urban documents – syndic – checking seller’s mortgage…): 625€

5. Mortgage fees (for a 300,000€ loan): 2,500€

TOTAL COST OF NOTAIRE FEES AND TAXES 423,250€ (7.17% of the purchase price of the property)

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How Much Will You Have to Pay to the Notaire on Completion ?

The fees you pay to the notaire are made up of stamp duty and fees for the notaire‘s work. They depend on the purchase price of the property.

Purchase Price (Euros) Fee as percentage of purchase price Fee in Euros (approx)
45,000 8.67 3,900
60,000 8.00 4,800
75,000 7.60 5,700
90,000 7.31 6,580
120,000 6.98 8,380
150,000 6.78 10,170
225,000 6.52 14,660
300,000 6.38 19,150
375,000 6.30 23,620
450,000 6.25 28,110
600,000 6.18 37,080
750,000 6.14 46,040

 

Editor’s Note: Additional fees are payable when there will be a mortgage registered against the French property.

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Two Ways to Avoid and Reduce French Inheritance Tax
By Adrian Leeds

Inheritance laws in France determine who will inherit your estate and in what proportions. These laws prohibit you from leaving your assets to the beneficiaries of your choice and in the proportions you may wish. This can be especially disadvantageous to surviving spouses, however, the more closely related you are to the beneficiaries, the less tax will be ultimately paid on the inheritance.

If you want to leave real estate to the person of your choice, there are several alternatives. One of the best ways is to make the purchase in joint names in a manner designed to leave the survivor with the ownership of the whole property ("tontine" or "communauté universelle").

This option is offered by the provisions of Article 6 of the Hague Treaty dated March 14th, 1978. In such a situation, you would then have to sign a contract with your spouse to alter your existing marital regime (which normally provides for separate assets among spouses) to a regime of community property, of course BEFORE signing the property deed. A community property marital regime allows for both parties to jointly own 100% rather than each owning 50%. So, at the time of the death of the first spouse, the survivor automatically holds 100% of the assets of the deceased spouse, without having to pay taxes under French law.

It is only when the second spouse dies that traditional French law applies and the heirs have to pay inheritance taxes on the entire value of the property. This
can be very
interesting from a tax point of view, however, keep in mind that the property is then held by you as individuals and not in the name of an SCI (Société Civile Immoblière).

The main consequence from a civil point of view is that you can no longer enforce a will under American law that dictates the beneficiaries of the property. Once the second spouse dies, French inheritance regulations will automatically apply and all your children will have a forced right on your assets.

Another alternative is to purchase property in the name of a Société Civile Immoblière (SCI), which can also enable the purchase of the property for rental. A Société Civile Immoblière or SCI is a fully incorporated French company which can be the property itself. The SCI, in essence, owns the property and is itself owned by the shareholders. In many cases, the shareholders are family members, but often the shareholders can be friends or partners and can be both resident or non-resident in France.

The use of an SCI to purchase a property in France can overcome some of the disadvantages of French inheritance laws. Shareholders can make provision that upon the death of one or the other, that his or her shares are passed onto the surviving shareholders, therefore ensuring that the controlling shares remain in the hands of the rightful owners.

Shares in a company are easier to distribute than property, and therefore managing inheritance, and transference of the property is simplified. The shareholder structure means that it is easier to divide up shares, rather than splitting the ownership of a property.

In turn, this makes it easy for individuals with small budgets to pool their funds and buy a property that they would not be able to buy individually. It is also easier to dispose of the shares without the aid of a Notaire, thereby making the SCI more flexible than direct ownership.

When using an SCI to buy a property, the net value of the property can be reduced for tax purposes by way of debt. This can minimize French wealth tax and inheritance tax liability. For non-residents, the use of an SCI can be a great advantage for people whose home inheritance laws are more flexible than French laws.

Upon death, normally the applicable law is French, however, if the property is owned through an SCI, the applicable law is of the last country of residence of the deceased.

Owning a home in France via an SCI enables the French property to become part of their estate of their home country, as opposed to direct ownership of immovable property, which is subject to estate law in France.

Another advantage is that the terms of an SCI can be changed at any moment, but while there are numerous advantages, such as this, there are a few drawbacks. There is additional expense to set up an SCI approximately 2000 Euros, although that varies with Notaire or attorney. Purchasing a property via an SCI does not reduce Notaire fees and taxes and will incur operating expenses. In particular, if the property is rented furnished in a commercial manner, the SCI would be liable for company taxation and there would be a big increase in the work required on tax returns each year, also incurring additional expense. This applies particularly leaseback or other properties you intend to rent furnished.

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Ambitious Retirees Choose Europe
From Assetz® Property News Service
http://news.assetz.co.uk/

More people than ever before are anticipating retiring abroad and with the deal completion speed quicker than ever before, France’s luxury properties are proving to be a profitable purchase for elderly Britons, both in terms of investment and satisfaction.

In the next decade, it is estimated that an eighth of people over 50 will be leaving the shores of the UK for a sunnier climate abroad. With the growing phenomenon, this equates to some 2.3 million people who will be searching for a more relaxing lifestyle overseas, according to new research Alliance and Leicester.

The poll found that even though private pensions are becoming less stable, one in five believe that their dream of retiring abroad is both realistic and achievable.

This desire is thought to be mainly fueled by the greater ambition of the elderly to look beyond their conventional horizons. Many now have the capacity to do so after financially benefiting from years of hard work and decades of rising property prices.

According to recent research from Moneyfacts, the average house price has increased almost three-fold in the last decade, from £64,692 to £181,122, meaning that ageing homeowners often have a considerable amount of equity that they can release to fund a retirement abroad.

Paul Schelly of Clerical Medical, the firm who carried out the research for Alliance and Leicester, said: "We think one of the reasons for the increasing trend to retire abroad is due to the increasing international mobility British people enjoy.

"People go abroad on holiday, they are exposed to different lifestyles and they want to live like that permanently."

The research also revealed that it now takes an average of just 20 weeks to complete a transaction for French property, a market which has historically been tied up with bureaucratic land laws that have drawn out the timing of deals.

With studio apartments in Roquebrune-Cap-Martin on the French Riviera starting from just £128,459, the attraction of a location 20 miles from Nice airport and right beside the millionaires’ playground of Monaco is obvious.

The area on France’s south coast is set at the foot of the Alps and most of the apartments have south-facing terraces with panoramic views of the Mediterranean.

Provincial France is also a favorite among
pens
ioners for its quiet lifestyle and expansive countryside as well as its quintessential villas and farmhouses, which, in addition to their hospitable living areas, also offer a substantial return on investment.

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Southern France Tax Haven Attracts Brits
From Assetz® Property News Service
http://news.assetz.co.uk/

The south of France is becoming a haven for over-taxed top earners in the UK, according to latest reports.

Living in Monaco has long since been a respite for the rich and famous but it has become apparent that the demand for property in this exclusive region has increased dramatically of late due to the continuing strength of the UK economy.

In July, the Guardian found that more than 650 directors of British companies give their current address as Monaco and that the top ten residents in the principality with only UK interests control assets worth over £13.5 billion.

Non residents are allowed to spend 90 days in the country but a legal loophole means that days of travel are not counted, reported the same news provider. This means that, with the help of a laptop, a mobile phone and a private jet, top businessmen can easily work a three or four-day week in their UK offices.

However, the trend of Britain’s richest heading abroad has hit new heights of late with some estate agents in the Alpine principality claiming that four in ten of their customers are now from the UK, compared with the historical average of ten per cent, according to Tribune Properties.

It is believed that this growing demand is due as much to the increase in the number of millionaires in the country as to the perception that the UK is over burdened with tax. The increase in stealth taxes under Gordon Brown’s stewardship of the treasury and the well-documented troubles that middle class families are having with inheritance tax (IHT) have caused many to choose to abandon life in the UK in favor of the French Riviera.

Research released yesterday (October 9th) by the Stroud & Swindon Building Society showed that the average house could be liable for IHT in eight years’ time enforced these concerns over the amount of tax Britons are forced to pay.

A spokesperson for information provider YourMonaco.com said: "Despite the top rate of tax coming down to 40 per cent, by the time other direct taxes such as national insurance are taken into account, around half of the top earners’ salaries are — as many of the Monaco property buyers from Britain see it — being lost to the inland revenue.

They concluded: "By moving to Monaco they effectively double their disposable income."

However, outside of Monaco also offers relief from the overburdened UK. Assetz stated, in response to the country’s new tax laws in 2004: "The popular perception of France as a high tax country is out of touch with reality. In many cases France is a lower taxing country than the UK and from a tax point of view an attractive place in which to invest in property."

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

Next sessions: October 24 and November 7, 2006, 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 website 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

October 24, 2006

2 rooms 32,50 m²
40 rue Monge
75005 PARIS 5th
Opening Bid: 160,000 €
Deposit: 32,000 €
3 rooms 59,50 m² rented
28 rue d’Enghien
75010 PARIS 10th
Opening Bid: 96,000 €
Deposit: 19,200 €

November 7, 2006

6 rooms, 194.5 m²
28 rue de Ponthieu
75008 Paris
Opening Bid: 950,000 €
Deposit: 190,000 €

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Adrian Leeds, Parler Paris, French Property Insider and John Howell & Co. of International Law Partnership Present the…

Living and Investing in France <

br /> One-Day Seminar
Decemb
er 29, 2006
Chez Jenny, Paris, France

If you’ve always dreamed of moving to France, starting a new life in Paris, enjoying a "pied-à-terre" of your own part of the year or perhaps investing in property in France, this power-packed seminar is a MUST. Hosted by Adrian Leeds, Editor of the Parler Paris Nouvellettre® and French Property Insider weekly e-zine and John Howell, lead attorney for John Howell & Co., International Law Partnership, London, this one day in Paris will put you on the right footing to make it happen!

You will learn how to…

* Why Invest in Property in France?
* Find Your Dream Apartment in Paris or Home in the Country!
* Buy and Own Property in France!
* Benefit from the Best Offshore Banking in the World!
* How to Obtain a Mortgage!
* Reduce Your Currency Exchange Risk!
* How to Minimize Your Tax and Maximize the Benefits!
* Rent Your French Property for Profit!
* Plus, answer all the rest of your questions during a Q and A panel with the presenters.

The Seminar Location
Historical Chez Jenny
39 boulevard du Temple
Place de la République
75003 Paris

"An authentic Brasserie with a soul, a style and a history."

At the colonial exhibition in 1930, Robert Jenny had a kiosk where he sold produce from his region: salt-pickled cabbage choucroute, sausages and beer. Appreciating Parisian life and noting that the fine Alsatian products attracted the Parisians, this native of Strasbourg sought to set up business in the capital. He found just the right place not far from the place de la République, at number 39 boulevard du Temple. This was the hall where the former Victor ball was held. The quarter was lively, even though it no longer deserved the reputation of «Crime Boulevard» that it had had in the 18th century, when the plays billed at the many theatres in the area mainly drew inspiration from the items in the news.

The seminar includes a three-course lunch with Kir, wine and coffee!

Menu (subject to change):
* Kir Vin Blanc à l’Edelzwicker d’Alsace and Bretzels
* Terrine de Canard aux Pistaches, Chutney de Fruits Secs
* Suprême de Volaille à la Moutarde, Nid d’Alsace aux Légumes or Onglet de Veau à l’Echalote, Gratin Dauphinois
* Crème Brûlée Caramélisée à la Cassonade
* Wine or Mineral Water, Coffee

Click here for more information and to register, or contact Project Manager, Schuyler Hoffman at info@adrianleeds.com/parlerparis

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Welcome to France Fair
http://www.expatica.com/welcometofrance/

Welcome to France
October 15, 2006, 11 a.m. to 6 p.m.
Carrousel de Louvre
Paris, France

On October 15th Expatica will once again be hosting the Welcome to France Fair 2006 – the biggest fair for expats in France.

Over 2,000 expats attended last year’s Welcome to France Fair, and the 2006 event promises to be even bigger and better, with more stands, more entertainment and more information this time around!

*** See the French Property Insider Consultation and John Howell of International Law Partnership booth number 55/56 next to the entertainment area and stay for our presentation with John Howell and Adrian Leeds at 3:45 p.m.:

Getting Ready to Find Your Dream Home in France:
Part I. Setting Up the Legal Structure to Minimize Inheritance Tax by John Howell, The International Law Partnership (John Howell & Co.), http://www.JHCo.org, The Specialist in International Law…
and
Part 2. How to Finance Your Dream Home in France by Adrian Leeds, French Property Insider Consultation (Adrian Leeds Group, LLC), http://adrianleeds.com/frenchproperty/insider, The Complete Solution to Finding, Buying and Renting Your New Home in France

Tickets 10 Euros
Sign up for your tickets NOW at http://www.expatica.com/welcometofrance

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

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

FPI Offers More Relocation Solutions!

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

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

NEW! Concierge Services

French Property Insider Consultation now offers a range of Concierge Services. You can trust our team of professionals to help you take care of your Paris property investment when you’re not in France. http://www.adrianleeds.com/frenchproperty/consultation/concierge.html

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TODAY’S CURRENCY UPDATE

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

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

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

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

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

NEXT MEETING: November 14, 2006 AND EVERY SECOND TUESDAY OF THE MONTH, 3 p.m. to 5 p.m.

This is your opportunity to meet every month, often with local
professionals who can answer your Working and Living in France questions. You are invited to come for drinks and share your questions and comments about what it takes to create a life here, own property and enjoy what France has to offer. It is also an opportunity to network with other Parler Paris readers.

Upstairs at La Pierre du Marais
96, rue des Archives at the corner of rue de Bretagne, 75003 Paris
Métro Lines 9, 3 et 11, stations Temple, République or Arts et Métiers

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HOT PROPERTY PICKS: The South of Paris

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, 12th Arrondissement, Loft, 3 rooms, approx. 80m²

Near Bastille, in a charming old building, this superb loft is on the ground floor. With entrance, large living room, open kitchen, office, bedroom, bathroon and toilet. Triple exposure.

Asking Price: 619,500 € + 2.5% Finder’s Fee

 

 

*** Paris, 13th Arrondissement, 4 rooms, approx. 70m²

In a lovely cut stone building, just steps from shops and transportation, this vast 3 room apartment is on the 4th floor with elevator. It is in perfect condition, with many traditional touches — wood floors, moldings, fireplaces. The apartment has a full southern exposure, and two bedrooms face a quiet courtyard.

Asking Price: 560,000 € + 2.5% Finder’s Fee

*** Paris, 14th Arrondissement, 5 rooms, approx. 90m²

Near Alésia Plantes, on the first floor of a traditional building. With large living room, separate kitchen, 3 bedrooms, 2 bathrooms, 2 cellars.

Asking Price: 609,000 € + 2.5% Finder’s Fee

 

 

*** Paris, 15th Arrondissement, 7 rooms, approx. 168m²

Near Ecole Militaire in a beautiful Haussmanian building. With entrance, large living room, 4 bedrooms, bathroom, 2 toilets, cellar. Very bright and quiet with an engaging view.

Asking Price: 1,400,000 € + 2.5% Finder’s Fee

 

 

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

RELAIS SPA PARIS ROISSY
France, Paris / Ile de France, Roissy en France

NEW LISTING

Studio 29m² to 30m² €153,000 to €175,000

One Bedroom 49m² to 49m² €237,000 to €237,000

LEASEBACK PROPERTY

GUARANTEED RENTAL INCOME UP TO: 5.00%

4 STAR LUXURY AND WELL-BEING RESIDENCE

Innovative business and tourism residence offering a full well-being and stress-relieving spa. Residence Relais Spa is all about modernity, efficiency and functionality. Ideally located for business and pleasure in the north-eastern suburbs of Paris only 10 minutes from Air France’s hub and 30 minutes from the capital’s centre. This area is considered to be Northern Paris’ main business hot spot and an enviable business environment. Its lively streets are sprinkled with small shops and quaint restaurants with inviting green expanses nestled around the site. This location has now become one of the world’s busiest areas, making it a prime choice for many professionals.

Residence Relais Spa Paris Roissy’s classic and handsome architecture is just the first pleasant surprise which is reflected in the highly contemporary design of the building as well as in the choice of high tech equipment. Apartments will be set within a spa centre and feature top of the line fittings in keeping with the modern design, and aimed to delight modern executives who expect service with a personal touch and VIP style. The future tenants will find everything they need in these ready-furnished flats. The reception, cafeteria, breakfast service, laundry, housekeeping and brasserie are a few of the amenities that will make their stay even more memorable. The business centre features a dividable room (250 to 300 m²) and a seminar venue where professionals will be able to enjoy their work in a soothing setting. This property is conceived as a business residence with relaxation and welfare in mind, and includes a private swimming pool, Jacuzzi, hamman and fitness centre.

Investors will benefit from an immediate 19.6% VAT discount as the VAT will be advanced! This residence offers a generous guaranteed rental yield of 5% for a minimum of 9 years. Residence Relais Spa Paris Roissy will be backed by France’s top tourism residence management company who will pay for the repair and maintenance of your property for the duration of the contract. This is an investment scheme that will increase in value and be easily transferable into various other portfolios. Investors will enjoy a 15-20% discount off the public rate within this residence and various others throughout France.

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SEEKING A MORTGAGE IN FRANCE?

Let us help you secure a mortgage in France with interest rates as low as 3%. Visit http://www.frenchpropertyloan for more information or email fpi@adrianleeds.com

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Managing Your French Property Insider Subscription is Easy!

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

It’s easy…

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

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

3. Enter your username and password.

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

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

Simple!

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

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INSIDER PARIS GUIDES DISCOUNT FOR FPI SUBSCRIBERS

Remember, as an FPI Subscriber you can take advantage of a special discount on the popular Insider Paris Guides, plus get an extra 15% d

iscount when ordering two
or more guides. Choose from:

* Leeds Good Value Guide to Paris Restaurants by Adrian Leeds
* Insider Guide to Practical Answers for Living in France by Jean Taquet
* Writers Insider Guide to Paris by Elizabeth Reichart
* Insider Guide to Black Paris by Melinda Herron

Just visit http://www.insiderparisguides.com. When you order, a box will pop up allowing you to enter the special FPI Subscribers discount code:

Username: fpi
Password: subscriber

You’ll receive download instructions, then just save the guides to your computer. Happy reading!

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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 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.

* "Les Arts et Métiers" Spacious One-Bedroom Apartment: Now Available!

Sleeps 4, on Rue Bailly, 3rd Arrondissement

Architecturally designed and very cozy, this spacious one-bedroom apartment is situated in the heart of Paris on a tiny L-shaped street just facing the Métro entrance for Arts et Métiers and the Musée and Conservatoire des Arts et Métiers on rue Bailly.

Pictures and more details available here: http://www.adrianleeds.com/parlerparis/apartments/rentals/artsetmetiers.html

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SUBSCRIBE TO PARLER PARIS

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

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Copyright 2006, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com

 

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