Pushing Up Paris Property Prices




The View from an Apartment in the Pricey Sixth

Pushing Up Paris Property Prices

Parler Paris Previews…
A Weekly Community Calendar for English-Speaking Paris
/parlerparis/

Click here for Community Calendar #122 or scroll down for more information

Wednesday, August 16, 2006
Paris, France

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Leeds Marais Apartment
Available in its entirety September 8 – 19, 2006

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Rent the personal Marais apartment of Adrian Leeds
September 8 – 19, 2006!

Located in a 17th century Le Marais Hôtel Particulier, this 70 square meter two-bedroom apartment with lots of light is nicely furnished and is perfect for up to 4 people when she’s traveling. Includes high speed Internet access, free international calling, housekeeping one time per week and all linens.

Pictures and more details available here: /parlerparis/apartments/rentals/leeds.html
Email Apartments@AdrianLeeds.com

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Dear Parler Paris Reader,

The Paris property price reports for first quarter 2006 are hot off the press! The figures are reported quarterly by the INSEE, the French National Institute for Statistics and Economic Studies. It’s quite a brilliant source of information, especially if statistical information helps you make important decisions.

The property prices of Paris and the Ile-de-France, of course, are my fascination, both as a Paris property owner and consultant on the subject to would-be investors. I get goose-bumps each time I see the new charts appear on the Web site of the Chambre des Notaires de Paris in anticipation of how my own arrondissement is fairing against the others, how much my property has appreciated in the last year and of course, the trends of the rest of the city.

Once again, prices are up on the average more than 12% and in some districts as much as 20%. Paris continues to boom on a steady climb and has for the last eight years. My little “quartier” is again above average and I’m thanking my lucky stars for having landed here by sheer synchronicity.

The districts showing the least amount of growth are, interestingly, those North Americans love most — the 5th (Latin Quarter and Sorbonne), the 6th (Saint-Germain-des-Prés) and the 8th (Champs-Elysées). Coincidence? No!…the foreign market simply drove the prices up to a point where they had to level out for a while in those areas, but the 6th arrondissement continues to lead the pack with average costs per square meter well over 8,000 euros.

Everyone talks about the “bubble bursting,” but that could be true if a “bubble” existed in the first place. We are seeing a tiny shred of slow-down, but our first-hand experience is that the few good properties on the market are being priced correctly to sell, are being sold quickly at the asking price and that contributes to steady growth. Interest on mortgages has risen slightly, but money is still a lot “cheaper” and property taxes are ridiculously lower than in the U.S. or Canada, so ownership in Paris is still attractive.

Plus, not only is the rental market virtually year-round (except for August and January), but Paris isn’t in threat of the usual natural disasters (earthquakes, hurricanes, flooding, mudslides, etc.) and the hundreds of years these buildings have stood are likely to stand another several hundred years the way the city looks after them with such care.

Normally, I hold this good news for the readers of French Property Insider, and of course, in tomorrow’s issue I’ll be talking about Paris property prices at great length — in much more detail with all the charts and graphics that make it so fascinating. But I couldn’t help sharing our good fortune with all of you who I know have a special interest in Paris, not just as a great place to visit, but a place on earth we can have great affection for.

A la prochaine…

Adrian Leeds
Editor, Parler Paris
Email info@adrianleeds.com

 

 

 

 

P.S. Take advantage of this month’s SPECIAL OFFER — only until August 31! Now’s your chance to subscribe to French Property Insider for TWO years and get TWO EXTRA months, absolutely FREE! To learn more, visit /frenchproperty/insider or go directly to subscribe at /frenchproperty/insider/subscribetofpi.html

P.P.S. We’re going to have a booth at the second annual “Welcome to Fran

ce Fair” sponsored by Expatica.com on October 15, 2006 at the Carrousel de Louvre here in Paris. We’ll also be speaking on the subject of finding property sometime during the day, so be sure not to miss that (we’ll let you know at what time we’ll be on the podium) and if you’d like to get free tickets, sign up online before September 15th. For more information visit http://www.expatica.com/welcometofrance and to sign up for your free tickets, click here:
http://www.expatica.com/welcometofrance/event_form.asp

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Calendar #122
Wednesday, August 16, 2006
Paris, France

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To access the complete Community Calendar, you now have two choices:

1. Click here for the online version with hot links to your favorite sites:
/parlerparis/calendar.html

2. Click here for a printer-friendly text version:
/parlerparis/text_calendars/122ppariscalendar16-8-06.txt

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We gladly run announcements for non-profit organizations. If you wish your community announcement to appear, please provide the text in ENGLISH just as you’d like it to appear and send it to Lynda Sydney: Calendar@ParlerParis.com

We reserve the right to edit as necessary. We cannot promise it will be run if the information is provided in French or if the format is unacceptable. Please use the following listings as your format guide.

Thank you, Adrian

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Save money when transferring from dollars to euros!
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* Make sure your money goes as far as you do… HiFX takes the pain and guesswork out of currency conversion. For more information, click here: /frenchproperty/insider/currencyonlineconvertor.html

French Property Insider Consultation…your complete solution to finding, buying, renovating or renting your new dream home or apartment in France. /frenchproperty/consultation


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Restaurants of the 11th Arrondissement

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SPECIAL OFFER — only until August 31! Right now, subscribe to French Property Insider for TWO years and get TWO EXTRA months, absolutely FREE!

This week in French Property Insider…

The 11th arrondissement is teeming with great little inexpensive bistrots. The Insider Paris Guide for Good Value Restaurants lists 29 of my favorites. It’s tough to choose one from so many but this one stands out from the rest…you are sure to have fun and enjoy great food and wine…FPI Subscribers Read On…

Learn how to buy property in France. French Property Insider is an e-mail newsletter from the editors of Parler Paris. Learn all the insights, recommendations, and discoveries about buying and investing in real estate in Paris and France that French Property Insider readers get every week.

To learn more, visit /frenchproperty/insider or go directly to subscribe at /frenchproperty/insider/subscribetofpi.html

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U.S. company transferring employee to France…
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Excerpt from the Insider Guide to Practical Answers for Living in France
By Jean Taquet

QUESTION
When an American company with a French affiliate transfers an American citizen to France to work, is it the responsibility of the company to secure the necessary residence and work permits for the employee? And could you thoroughly explain the rights of an American expatriate under French law, especially as regards any clashes I might have with my American employer?

ANSWER
The American company is entirely responsible for your French stay. You are sent to France to accomplish a “mission;” when the mission is over, you go back to your home-base. As long as you remain an employee of the parent company, you are not “working” in France, you are staying in France to do a job for the US company. You do not enter the French system at all: you are paid from the US and covered by American benefits. If the mission is stopped, regardless of the reason, you must go back to the US; you have no right to stay in France …For the complete answer, see the guide…http://www.insiderparisguides.com/answers/index.html


The Insider Guide to Practical Answers for Living in France is packed with almost 300 questions from real people, for real people…and the practical answers that will save you countless hours of frustration

. If you’re moving to France, this guide is a must! Get your copy now!

To read Jean Taquet’s latest column, visit /parlerparis/practicalanswers.html

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This Fall, travel like a Lord of the Manor
on a grand wine and food expedition to South America…

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* Explore Argentina and Uruguay October 3-14, 2006, in the company of Argentina’s top sommelier… meet the best wine makers from each country… dine in some of South America’s finest restaurants… stay in five-star hotels… take chartered flights across the continent… and be thoroughly pampered in every way. For details, call Agora Travel at 800-926-6575 or click here: http://www.agoratravel.com/winesouthamerica/pp

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Living and Investing in France Conference
Earn $100 when your refer your friends…
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Living and Investing in France Conference
September 16 & 17, 2006
Sheraton Suites San Diego
San Diego, California

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 conference 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., Law Overseas, London, these two days in San Diego will arm you with all the information you need to make it happen!

Plus, earn $100 for every friend you refer…see the Web site for details.

For more information, visit Living and Investing in France Conference San Diego or email Schuyler Hoffman, info@adrianleeds.com

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“Le Provençal” Studio available now…and booking up fast!
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* “Le Provençal” Studio: Available as of August 2006

Located in a very charming and quiet 18th-century building in the heart of Le Marais, this sunny studio is perfect for one or two seeking ultimate Parisian calm, flavored with the beautiful colors of Provence.

Pictures and more details available here: /parlerparis/apartments/rentals/provencal.html

* Rent the personal Marais apartment of Adrian Leeds
September 8 – 19, 2006!

Located in a 17th century Le Marais Hôtel Particulier, this 70 square meter two-bedroom apartment with lots of light is nicely furnished and is perfect for up to 4 people when she’s traveling. Includes high speed Internet access, free international calling, housekeeping one time per week and all linens.

Pictures and more details available here: /parlerparis/apartments/rentals/leeds.html
Email Apartments@AdrianLeeds.com

Parler Paris Apartments
/parlerparis/apartments

 

 

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Parler Paris Après Midi Meets On a Special Date in September…
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Come for a drink and to meet and chat with other readers in Paris:
/parlerparis/apresmidi.html

The next gathering is September 5, 2006

Because Adrian will be traveling to San Diego for the Living and Investing in France Conference the second week in September, the next Après Midi will be September 5th instead of September 12th.

So mark your calendars to be sure not to miss it! See /parlerparis/apresmidi.html for more details.

 

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Subscribe to the PARISMARAIS monthly newsletter FREE
The Art of Living Guide to Le Marais.
http://www.parismarais.com/parismarais-newsletter.htm

 

 

 

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d sell with Parler Paris classifieds: /parlerparis/advertise.html
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Copyright 2006, Adrian Leeds®
Adrian Leeds Group, LLC, /


Copyright 2006, Adrian Leeds®
Adrian Leeds Group, LLC, /

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