Rentals, Renovations and the Riviera
Les Portes de Notre Dame
(FOR SUBSCRIBERS ONLY)
January 17, 2008
Bonjour French Property Insider Subscriber,
Le Figaro called me today to ask about how the U.S. dollar is affecting the investment market. I gave them the good and the bad news. The bad news is that potential buyers/investors think they have less buying power. The good news is that they still want to make the investment, realize they should be investing in the strong euro and that finally the banks are developing new and creative ways to overcome the weak dollar.
We’ve been talking about this quite a bit over the last several weeks, so I referred them to Mary Fort of Banque Patrimoine et Immobilier, who has developed a solution which could effectively enable a cost free property investment! Mary will be at the upcoming Living and Investing in France Real Estate Conference February 16-17, 2008 in Miami (http://www.adrianleeds.com/parlerparis/liveinfrance/LIF_Miami_AF_Feb_2008/index.html ), where she will be talking at length about this new concept. If you haven’t already registered, then don’t hesitate to take this opportunity to make your dream come true.
Meanwhile, in today’s issue, we have other aspects of property purchasing to discuss…1) rentals, 2) renovations and 3) the Riviera!
A successful rental is key to a profitable rental. Parler Paris Apartments is adding more of you readers’ properties to the line up that you should know more about, so scroll down to learn more and don’t hesitate to contact us with questions.
Let the renovation begin, I say!…I’ll be reporting on my own personal experience as my apartment undergoes a partial face-lift over the course of the next six to eight weeks. I’ll be keeping you posted.
And the Riviera! Why not? What a glorious place to be in the dead of winter…blue skies, sun and surf with a cool breeze. It’s a great place to vacation, live, work and invest. Learn more about its advantages, then check out the Hot Properties to dream about.
There’s way more in store, so take your time working through all the fascinating news about property in Paris and France.
Editor, French Property Insider
P.S. We are currently working to add new short term apartments to our line-up on Parler Paris Apartments (http://www.adrianleeds.com/parlerparis/apartments) most of which are owned by readers like you who took the plunge to invest in France! Stay tuned for more information coming soon.
Volume V, Issue 3, January 17, 2008
In this issue:
* New Pied-à-terres on Parler Paris Apartments
* The Pain and Pleasure of Renovating
* New Interest-Only Mortgages
* Interest Rate Update
* January Jump on French Property
* Overseas Investors Love the French Riviera
* French Lessons on the Mediterranean
* French Property Market Dodges Credit Crunch
* Purchase a Parking Space in Le Marais
* This Weekend! The France Show, January 18-20, 2008, London Olympia
* Fractional Ownership Solution
* 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: Riviera Retreats
* Leasebacks: Demeures du Ventoux, France, Mediterranean Coast, Aubignan
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — Mon Petit Château
Les Portes de Notre Dame
Parler Paris Apartments Growing with New Apartments
By Adrian Leeds
r property search clients repea
tedly asked from the beginning, even before the search began, "Who will manage the apartment for us?"
When you purchase a property in Paris for investment purposes and rental revenues, the management of the property is a key concern. There are dozens of reputable management firms in France, of all shapes and sizes from which to choose…which means that the choice can also be difficult. It’s important that you can trust the agency to keep the property in tip-top shape, book the apartment to achieve a high occupancy rate, achieve a high rental rate as well as treat its guests well to engender a strong return customer base.
We didn’t choose to create Parler Paris Apartments…it took shape almost on its own out of the necessity to satisfy the needs of our clients who felt they could trust us after having worked with us to find a good investment property. It was born using my own rental apartment, "Le Provençal," as a foundation and a "Guinea pig," testing the market and the variables that make a rental successful or not.
When we first launched the site 1.5 years ago, we advertised properties managed by other agencies that were willing to pay a small marketing fee to be listed on the site. As we added our own clients’ apartments, we dropped those so as not to compete with one another. Rental Manager John Rule joined the organization mid 2007 with the goal to shape the business and grow it slowly, but surely, maintaining a balance between requests and availability, and a good range of rental types so that the mix enhances rather than competes.
Our policy has been to give priority to our property search clients’ apartments, then to "fill in" with outside clients’ apartments. Selection is made carefully so that each and every apartment holds a high standard in luxury, location and overall management.
The saying in the industry is that "an apartment is only as good as its owner," which means that the owner can greatly affect the ability to rent it well — as much as the rental agency can affect it. It takes the two in combination to create a successful rental.
This month, we’ve added two new apartments to the mix and will soon add another two apartments. Three of the four are of our own property search clients. The two newest on the Web site are both one-bedroom duplex apartments (two level).
Mon Petit Château
One is a charming garden apartment ("rez-de-chaussée" and "premier étage") in the same building as "Le Provençal" on rue Charlot in the 3rd named "Mon Petit Château" with a stunning internally lit glass floating "colimaçon" (spiral staircase), exposed stone and 18th-century wood beams. Newly purchased, it is currently under decoration and equipping for a luxury stay of up to three people and will be ready for rental mid March 2008. (See http://www.adrianleeds.com/parlerparis/apartments)
The other is a spacious loft-like apartment in a 17th-century building a stone’s throw from Notre Dame and the Seine on the rue des Trois Portes in the 5th, a street which dates to 1202. The decor is a mix of contemporary and antique, warm and comfortable in soft tones of greens and browns. The spaciousness is ideal for two couples, with a separate bath on each level. Occupancy is available immediately. (See http://www.adrianleeds.com/parlerparis/apartments/rentals/portesdenotredame.html)
Soon to come is "L’Aubergine," a newly renovated and luxuriously furnished one bedroom on the tiny passage "Cité Dupetit Thouars" near the Mairie of the 3rd, and "La Bonne Nobel," a two bedroom apartment, also newly renovated and luxuriously furnished on one of Montmartre’s most charming staircased streets. Both apartments were under the excellent design care of Martine di Matteo, our associate Interior Specialist.
As our traffic and rental requests grow, so shall the apartment offerings…again in a slow and sure manner in prudent business sense. If you are interested in adding your apartment to the Parler Paris Apartments line-up or would like more information on rental services, please contact John Rule at email@example.com
Out with the Old, In with the New. Pain or Pleasure?
By Adrian Leeds
The renovation to the rue de Saintonge apartment scheduled to start Tuesday has been postponed till next Monday providing time to recuperate from a bad bout of flu. Le Provençal (http://www.adrianleeds.com/parlerparis/apartments) sits patiently awaiting its next guest — me.
The upholsterer, a man with amazingly the same name as the street on which Le Provençal resides, Monsieur Charlot, came Tuesday to take away the couch and arm chairs that have been dear to the family for almost 20 years. Untold numbers of friends have slept on that comfy couch over the years, with its colorful California print that American friends found inviting and French friends found tasteless! (Since then, I have learned that in fact, the print was a Pierre Frey pattern from the 80′s called either "Nice" or "Cote d’Azur," but quickly adapted by the Californians.)
Monsieur Charlot left the "grand double séjour" vacuous and hollow, exposing the old oak parquet floors’ pr
iously hidden scratches, the balls of dust that had accumulated behind the furniture and an echo of every sound. For the moment, it’s a sad state of affairs for this room that has seen more human activity than most, acting as living room, dining room and office for the last 10 years, and now it must wait a few more days before the real work begins.
Over the next six to eight weeks, a complete metamorphosis will take place. A "meneusier" (cabinet-maker) is constructing a double desk unit to span the length of the room. The electrical wiring once put in myself will be completely redone to include enough plugs to satisfy a multitude of computers, printers, modems, routers, phones, etc. New lighting will be installed to enhance the art. Cabinet doors will be added to hide the dozens of old files that the IRS says one can’t dispose of for seven years. The dining room wall will get mirrored to add a sense of space and the ceiling will get classic molding.
Sitting propped up in bed in a sickly state with a view on the now unfurnished half-lived-in room through the double French doors, the memories of all the wonderful moments that have taken place in that space pass by my eyes like a parade of costumed merriment and a sense of loss has set in. Out with old, in with the new…and I wonder how many times over the course of the last three-and-one-half centuries this room as suffered the same pain or pleasure?
Until next week…
Something New in Our Interest-Only Range
From UCB – A BNP Paribas Company
A variable-rate interest-only mortgage, a very popular product with foreign investors, is now available with an initial fixed-rate period.
We aim to provide you with solutions that are geared to your needs and to market conditions. To this end, we have extended our Interest-Only range, giving you the opportunity to take advantage of an Interest-Only loan with an initial fixed-rate period that can last for 3 months, 1 year, 2 years, 5 years or 10 years.
At the end of this initial fixed-rate period, the interest rate and the monthly repayment amount will be revised every quarter and calculated on the basis of the 3-month Euribor.
An Interest-Only mortgage, repayable over a period of up to 20 years, is a financing product targeted for customers who can prove ownership of net assets of a level meeting our rules prior to the transaction.
A forerunner in the mortgage market for non-residents: a product à la carte!
* With the same basic product, you can choose the initial fixed-rate term!
* The UCB International Buyers Interest-Only mortgage is extremely flexible: it’s not combined with a life insurance policy and no conversion to a repayment loan is required. Your customers can thus enjoy all the benefits of an Interest-Only mortgage throughout the entire period!
* The option to switch to either a fixed-rate repayment loan or a fixed rate for the remaining term can be taken up at any time, whenever you decide. It is even possible to convert to a definitive fixed-rate during the initial fixed-rate period and thus take advantage of lower interest rates.
As you can see, the International Buyers department of UCB is doing all it can to offer you attractive and rewarding solutions.
So, do not hesitate to contact your UCB advisor for further information on our Interest-Only range.
* Interest Rate Indexes (on 01/01/2008)
3 month Euribor: 4.79%
12 month Euribor: 4.80%
TEC 10: 4.25%
* Exchange Rates (on 08/01/2008)
€1 = £ 0.7450
£1 = €1.3423
€1 = $1.4731
* Rented Dwellings Reference Index (Indice de Référence des Loyers – IRL) (on 08/01/2008)
2007 2nd quarter annual variation: 2.76%
January Set to be a Good Month for French Property
One full week back on the job and VEF (UK) report business up by more than 50% on the same week in 2007. It seems that people really are realizing at last that buying property in France is a very wise alternative to the UK and Ireland.
The company reports that many of their clients are heading down to the south of France in their search for property, driven by the desire for a better climate. However both Normandy and Burgundy are experiencing a real growth in interest from potential buyers.
January and February are really good months to get out looking for property. The national market remains quiet, normally until March, and there are bargains to be had. Often vendors are prepared to take offers now to get their property sold before the summer comes. They too have their plans and don’t want to waste time stuck with a property they can’t sell. The partner offices of VEF in France know their vendors well and understand the local market. They are well placed to find bargains for clients.
How Cannes You
By Shane McGinley for The Financial Post
From Scandinavian sun seekers, to British retirees and North American investors — not to mention a roster of movie stars, singers and Formula One drivers — everyone is attracted to the south of France.
Where? Region along the French Mediterranean coast, including the French Riviera, Monaco, Cannes, Marseille, Provence, Languedoc-Roussillon and Cote d’Azur. What’s so special about it The Southern part of France, which is mainly of roman origin, has always been distinct. It even had its own language, Occitan, a Latin-based Romance language that has seen a revival in recent years…
To read the entire article, visit http://www.financialpost.com/money/story.html?id=232102
Learn to Speak French in a Winter Paradise
By Pascal Fonquernie
Where in the world can you find, in the heart of winter, sunny skies over a brilliant sea, magnificent sunsets descending behind snowcapped mountains and in this heavenly setting, have a myriad of exciting things to do, day and night? It has to be the French Riviera, that earthly paradise, more serene and beautiful in the winter, with daytime temperatures of 15°-17°, evening temperatures of 9°-13° and almost always a clear blue sky.
From Cannes to Nice to Monaco, an unbelievable variety of events take place in the winter: skiing (one hour from the sea), boating, hiking along the sea or in the woods, concerts (classical, jazz, soul and funk, rock), festivals (dance, flamenco, operetta, guitar), fairs (book, fine wines, foie gras, chesnut, local produce), tea dances, guided tours (olive groves and mills, oils, picturesque tours), shows (musicals), theaters, casinos, the two-week Nice Carnival in February, and much more.
A particularly exciting experience is learning to speak French along with fascinating people from all over the world, at the Institut de Français. The school overlooks the charming village of Villefranche-sur-Mer, with superb views of the Mediterranean’s most beautiful bay. This world renowned school runs an intensive program for adults of 8½ hours a day for 2 to 4 weeks, all year round. It’s total immersion — with breakfast, lunch and dinner at the school, only in French. The program ranges from audio-visual classes, language lab to linguistic games, role playing in various situations, discussions with teachers, practicing French every day. From total beginners (there are 2 beginner levels) to advanced students (often diplomats, government officials, etc.) there are a total of 8 levels.
Added to that, there are evening activities with teachers — cinema showings at the school, outings to the theater, a restaurant, the opera. There is also an all-day excursion to the main sights in the area, the renowned villages of St Paul de Vence, Grasse, the famous perfume making center, Matisse chapel in Vence, Maeght art foundation, etc.
All this makes for an unforgettable experience in a winter wonderland.
Overseas Property Fears
As credit crunch fears continue to grip Britain, what will be the fate of the French property market?
With panic about the predicted property market slump in the UK reaching the boiling point, analysts are divided as to what this could mean for the French property market.
On one hand, a UK housing crash could reduce the number of British buyers emigrating to France and severely damage the holiday home market.
Conversely, this could all have a positive impact on the French market, with many second home buyers heading across the Channel for a more secure investment.
Normandy is still popular with British buyers thanks to its proximity to the UK, excellent transport links and beautiful scenery, and estate agents in the region are optimistic about the coming year.
Many agents in the area do not believe the so-called credit crunch will infringe on the French market – "French house prices are still pretty low," Jill Breedon of Success Immobilier in Normandy told the Telegraph, "so where can they go other than up? They can’t crash".
Clare Comrie of Immobilier du Château in northern Manche told the Telegraph: "buyers who are having problems selling their UK properties are finding increasingly imaginative ways of financing their move – such as ‘three year mortgages’ – a type of bridging loan."
However, a recent survey by Moneycorp suggests that interest in old property hotspots like
France and Spain could d
ecline this year in the face of increasingly stiff competition from emerging markets like Bulgaria and China.
Interest in Bulgaria in 2007 was double what it was in 2005, according to Moneycorp’s second Annual Global Property Hot Spots roundup, and this trend is set to continue into this year.
Interest in France remained steady from 2006 to 2007, however enquiries last year were down 7% compared to 2005.
Mark Bodega, Director of Moneycorp commented: "With the abundance of low cost airline routes, short flight times and the great weather, both countries [France and Spain] will always be favorites with British buyers and we expect them to remain so in 2008. However, overall, their lead is closing as the investor population continues to turn its attention to emerging markets in 2008."
It is expected that the predicted squeeze will have much less impact on the French market, however, as French banks are traditionally more conservative in their lending habits, making for a steadier market.
The general advice is to proceed cautiously wherever you are buying, but France looks set to be steadier than most, with no interest rate increases predicted and a property market that remains stable throughout the year.
Parking Space For Sale in Le Marais
An unusual opportunity, an FPI reader owns a parking space in a secure modern garage in the Marais, located at the corner of rue au Maire and rue des Vertus, just near Arts et Métiers.
Underground parking with keyed entry, security guard and elevator. Asking price: 34,000€ + 2.5% Finder’s Fee.
Property in France: A Ruinous Affair?
By Zoe Dare Hall for The Telegraph
Restoring a pile in France can lead to the nightmare of costly mistakes and cultural confusion, but sometimes it can be a joy. Zoe Dare Hall meets two women whose experiences were poles apart
If there were a visitor’s book spanning the 850 years of Mas de la Chapelle St Sixte’s history, it would make fascinating and star-studded reading.
The house, hand built, stone by stone, in 1150 by monks in the Provençal village of Eygalières was where Pope Clement VI stayed during the wine harvest in the 14th century.
More recent holidaymakers who have rented the house for £1,000 a day are the Vanity Fair editor and style arbiter Graydon Carter; neighbors include the writer Ian McEwan and the French actor Jean Reno…
To read the entire article visit http://www.telegraph.co.uk/property/main
The France Show
January 18-20, 2008
The France Show, described as the biggest celebration of French lifestyle and property ever staged in the UK, opens at London’s Olympia on January 18th, for three days.
Over 300 exhibitors will be taking part and around 30,000 visitors are expected.
The exhibition is supported by a wide range of businesses, from ferry operators to removals companies; winemakers to property agents.
The venue will be arranged in five "Experience Zones" dedicated to property, travel, food and wine, fashion and culture, and language.
The event is organized by Archant Life France, which publishes the UK’s three leading French lifestyle magazines: France, Living France and French Property News.
According to Miller Hogg, Archant Life’s France regional managing director: "Some of the biggest players in French property and holidays are coming along, so there’s not only something for everyone, but deals you can’t get anywhere else."
Friday January 18th: 10am to 6pm
Saturday January 19th: 10am to 6pm
Sunday January 20th: 10am to 5pm
Welcome Virginia (Ginny) Blackwell, French Property Shares, to the Living and Investing in France Real Estate Conference!
Ginny Blackwell has had a love affair with France ever since she flew the coop at age 20 and spent a year in Paris studying at the Sorbonne. In 1981, she finished a Masters in International Business from AGSIM in Phoenix, Arizona. After settling in Portland, Oregon, she helped launch Blackwell Capital Management, which created a proprietary money management system focused on the growth equity market. When an opportunity arose in 1998 to shop for a property in the Dordogne, Ginny jumped at it and was the first to use a US limited liability company as a vehicle for
ip in France.
Owner of French Property Shares, she offers deeded fractional ownership properties to an international clientele who love having a unique home base in Europe, but prefer to share the expenses among six or more like-minded people. Three new properties are envisioned for 2008 and FPS also plans to feature their first Italian home share- www.frenchpropertyshares.com. Her job is to find the ideal property at an affordable price, to handle the multiple requirements for foreign ownership, and to provide you with a turn-key property to use and enjoy. When not at one of her home shares in the Dordogne or in the Languedoc, Ginny lives with her husband, Dale, and their three bilingual sons in an historic house in Canandaigua New York, quite a change from their farm in Oregon! As her husband, Dale, says, "We are closer to France now!"
Editor’s Note: Ginny will be speaking at the Living and Investing in France Real Estate Conference February 16-17, 2008 in Miami Florida on the Fractional Ownership Solution.
The "Fractional Ownership" Solution
An Update by Adrian Leeds
Fractional ownership is a hybrid of direct ownership and time sharing, combining the best elements of both. The primary differences are that while timeshares involve many thousands of shares in a large complex with “resort” amenities and costs built specifically for that purpose, fractional ownership is joint ownership by only a few individuals in a single property whose value can easily be determined on the open market and for which there are very few, if any, resort amenities which must be managed and maintained (and paid for!). For Paris Home Shares, the city of Paris is it’s own resort! Visit our properties at http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/index.html
See the Paris Home Shares Fractional Ownership Offerings:
LE JARDIN SAINT-PAUL
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! 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
NEW 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 2008
If you would like to receive more information on this apartment, VISIT http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/chezlatour.html
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 firstname.lastname@example.org
Property Consultation, Search and Relocation Solutions
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
TODAY’S CURRENCY UPDATE
Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp Global Money Services: http://www.adrianleeds.com/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.
Compare currency values easily and quickly by visiting:
The charts below are updated every ten seconds.
The prices shown are "inter bank" exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.
Parler Paris Après Midi
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is Feburary 12, 2008, and every second Tuesday of the month.
HOT PROPERTY PICKS: Riviera Retreats
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
*** Cannes, Apartment, 3 rooms, approx. 70m²
A beautiful apartment with a large living room opening onto a terrace with a view of the sea, 2 bedrooms, separate, fully equipped kitchen, bathroom, parking, cellar and air conditioning. Close to beaches.
Asking Price: 439,000€ + 2.5% Finder’s Fee
*** Nice, Duplex, 3 rooms, approx. 70m²
Duplex on the second floor with a view of the sea. In excellent condition, it includes a fully equipped kitchen and air conditioning.
Asking Price: 485,000€ + 2.5% Finder’s Fee
*** Villefranche sur Mer, Apartment, 3 rooms, approx. 75m²
In a secure residence, this large apartment has many lovely features and a vue of the sea and Cap Ferrat. With a cellar, parking, pool and gardien.
Asking Price: 658,000€ + 2.5% Finder’s Fee
Next Sessions: January 22, January 29, February 12, 2008 at 2 p.m.
Notaires de Paris
Place du Châtelet
12 avenue Victoria
Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at http://www.encheres-Paris.com/ Though the site has a button for an English version, it isn’t reliable to work.
To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
January 22, 2008 at 2 p.m.
|2 rooms 29,30 m²
28 rue de Ponthieu
75008 PARIS 8th
Opening Bid: 209,000€
January 29, 2008 at 2 p.m.
|2 rooms 19,90 m²
9/11 rue Saint-Séverin
75005 PARIS 5th
Opening Bid: 108,000€
Deposit: 21 600,00 €
|3 rooms 67,35 m²
135 rue de Clignancourt
75018 PARIS 18th
Opening Bid: 230,000€
|STUDIO 47,07 m²
23 rue du Chemin Vert
75011 PARIS 11th
Opening Bid: 211,500€
February 12, 2008 at 2 p.m.
|15 rue du Louvre
75001 PARIS 1st
Opening Bid: 320,000€
|STUDIO 36,6 m² + 2,5 m² outside Loi Carrez
15 rue du Louvre
75001 PARIS 1st
Opening Bid: 230,000€
LEASEBACK NEWS FROM IMOINVEST
DEMEURES DU VENTOUX
France, Mediterranean Coast, Aubignan
One Bedroom 34m² to 34m² €91,000 to €91,000
Two Bedrooms 49m² to 60m² €131,000 to €161,000
Three Bedrooms 70m² to 70m² €186,000 to €186,000
GUARANTEED RENTAL INCOME UP TO: 4.55%
THE HEART OF THE REAL FRENCH PROVENCE
Three-star Leaseback residence located near the Provençal village of Aubignan with beautiful views over the region’s lush green forests and vineyards surrounded by the Carpentras Canal and the Ventoux Mountains. Aubignan is nestled in the heart of French Provence only 25 km from Avignon and only steps from the Beaumes de Venise vineyards famous for the delicious Côtes du Rhone grapes. Here you will have the opportunity to take advantage of the peaceful countryside while being very close to the town and its facilities (6 km from Carpentras). Part of this small market town is surrounded by ramparts dating from the 14th century.
This new build residence will comprise 212 apartments spread out amongst seven groups of residential cottages. Each cottage village will present a unique setting including pedestrian cobble
stone trails and private green gardens to sit and relax. Apartments will rang
e from 1 to 3 bedrooms with parking and terrace. Living areas will range from approximately 34 to 70 square meters. Apartment prices will range from 91,000 euros to 186,000 euros net of VAT and excluding furniture.
This residence will be fully managed therefore investors will not have the hassle of looking for tenants or upkeep of the grounds! Investors rents will be guaranteed by a commercial lease; therefore, even if your apartment is not rented out, your rents will be paid. Investors will have the option of purchasing their property under the French Leaseback scheme offering a pure investment for the highest rental return or a reduced rental return and up to 8 holiday weeks per year. In addition, investors may purchase under the Quasi Hotel scheme allowing for up to 6 months of holiday use per year and a guaranteed rental income.
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.
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code "ED762." This promotion code gives you 10% off your total
3. If you order two or more guides, then an additional 15% will be
taken off automatically. There is no promotion code needed.
Here is the special "coupon" Web link just for you:
THINGS YOU NEED TO KNOW
To access password protected pages: click on any of the links on the left panel of the home page of FrenchPropertyInsider.com under "Subscriber’s Only," then type in your personal username and password.
Past issues of FPI are available on the website. You will find the
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Report, click on
HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
1 hectare = 2.4710538 acres
For more conversions, refer to:
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.
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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Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com