Taking the Paris Property Tour

Taking the Paris Property Tour

Overlooking the Seine

(FOR SUBSCRIBERS ONLY)

French Property Insider

March 23, 2006
Paris, France
http://adrianleeds.com/frenchproperty/insider

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Bonjour French Property Insider Subscriber,

The 14th Living and Investing in France Conference was a smashing success, thanks to a delightful group of eager participants and well-seasoned presenters who really "know their stuff." Today’s issue reports on the conference as well as the follow-up apartment tour which was a special addition arranged by Yolanda Robins with assistance by Property Search Consultant Ellen Jung-j2999se.

The participants saw five Paris apartments, all within walking distance in three arrondissements, owned by FPI clients, most of whom were on-time conference attendees. A complete description follows in today’s newsletter.

You will also find an outline of the property taxes you can expect to pay, about one-tenth of what you can expect to pay in the U.S. UCB reports on the latest interest rates and we have a short report on how Australians are flocking to France!

Meanwhile, we’re still dealing with cold, rainy weather and praying for Spring. I was planning on shopping for geraniums this Sunday, weather permitting!

A bientôt…

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

P.S. Don’t forget that your next opportunity to take part in the Living and Investing in France Conference is May 26 – 28, 2006, in New Orleans! Register now by visiting http://www.adrianleeds.com/parlerparis/liveinfrance/LIF_NOLA_2006/LIF_NOLA_home.html

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Volume IV, Issue 12, March 23, 2006

In this issue:

* Report on Living and Investing in France Conference
* Conference Participants Have Their Say
* A Peek Inside Paris Apartments
* French Property Tax Information
* Sharing a French Holiday Home
* Interest Rate Updates from UCB

* National Real Estate Trade Show, March 23-26, 2006
* Upcoming Conferences
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: April 11, 2006
* Hot Property Picks: Paris Property Hotspots
* Leasebacks: Domaine de Cazelles, France, Center / South, Cajarc
* On the Auction Block: March 28, 2006
* Classified Advertising: Parler Paris Apartments

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Paris Success Stories: Going to the Dogs
(Reporting on the Living and Investing in France Conference)
By Adrian Leeds
Reprint from Parler Paris, March 20, 2006

The ending went to the dogs. That was when Hat (Harriet) Sternstein, American proprietor of "Mon Bon Chien," the gourmet pet bakery, which was featured this past weekend in the International Herald Tribune, agreed to make a special surprise appearance just before the closing of the Living and Investing in France Conference, to deliver her message: "If you want it bad enough, you can make it happen."

She had attended the first conference of its kind in 2002 — 14 conferences ago — and "blames" me for making her believe that starting a business in France is possible. Saturday she celebrated the anniversary of her second year in France and the huge success of her innovative idea that through hard work and perseverance came to fruition, not to mention enormous publicity.

The attendees who came from all over the U.S. (California, Georgia, Texas, Michigan…) had similar goals: to learn how to make the move to France or invest in property that would yield both a profit and a great place to call home. The conference team, which includes John Howell from John Howell & Co., his wife, Janie and one of his London-based French attorneys (young and funny Sebastien Oddos), the Parler Paris/French Property Insiders Yolanda Robins, Lynda Sydney, myself and Conference Assistant Ana Escomel, remarked as we always do at the closing of a conference, that the participants are wonderful, fascinating people who we are so pleased to have gotten to know.

John’s team specializes in presenting all legal and practical aspects of making a property investment in France, including how to obtain the right to be in France, how to profit from various investment programs, how to minimize tax liability and then, as the author of a new book on the subject, how to start a business in France. Fréderic Leroux of the Paris Region Economic Development Agency added quite a bit to assist would-be entrepreneurs. Yolanda Robins led the sessions on how to fin

d great properties; architect
and designer Derek Bush gave tips on what architectural pitfalls to watch for when visiting properties and showed off some of his recent handiwork and I spoke about how to rent property for profit (Parler Paris Apartments rental and management agency is in the developmental stage, soon to become a reality).

Banque Patrimoine et Immobilier brought four of their team to present how to get a mortgage, one of the most important aspects of purchasing property in today’s world with a unbalanced rate of exchange, but low interest rates. Fréderic Fauchereau with Advantage Insurance gave everyone the good news on low cost health insurance for Expatriates — I being one of the happy customers for the last 11 years. Peter Zipper, with the AngloIrish Bank of Austria, brings with him a European dry sense of humor that taught us how to protect our assets by holding them off shore in low risk accounts that as he says "it’s as simple as this: we take your money and make more of it." Also on the subject of money, currency exchange specialist, Alex Berry, from Moneycorp, London, was last on the roster, but no doubt provided the tip that saves participants more money than the price of the conference…just in learning how to make currency transfers at a much lower rate than the banks.

On more of a lifestyle note, Marie-Elisabeth Crochard, co-coordinator of Parler Parlor and past District Director of Berlitz, gave her Do’s and Don’ts to learning French while teasing me and my level of French (one attendee wrote: "I enjoyed seeing Adrian and Elisabeth interact — Lucy and Ethel the French/American version." Intercultural Specialist Natalie Lutz, spoke on crossing the cultural divide, and brought surprise guest speaker Gilles Asselin, co-author of "Au Contraire: Figuring Out the French," here this week for the Salon du Livre. His co-author, Ruth Mastron has often delighted the attendees at past conferences.

Saturday night, over a very nice dinner at Chez Jenny, the attendees and a few outside friends, were mesmerized by Alison Harris’ stunning black and white photos of Paris set to rotate on a slide show while her husband and author, David Downie, read excerpts from "Paris, Paris: A Journey Into the City of Light." This morning the group is taking the private tour of the Hôtel de Ville lead by Marie-France Bennett, the City Hall’s official tour guide, while I write this missive and nurse a budding cold.

This afternoon, Yolanda and her Property Search Consultant Ellen Jung-j2999se, are taking the group (in two parts each starting at opposite ends) to about five or six Paris apartments in the Marais (3rd and 4th arrondissements) and Montorgueil (2nd arrondissement) districts that our property team found for our clients. All but one were conference attendees from the past — all enjoying their "pied-à-terres" in Paris by living in them part of the time and successfully renting the other part.

At the end of the conferences, we ask everyone to complete an evaluation. We want to know just how well we performed and if they felt the three intense days were worth their time and money. Consistently, we’ve gotten scores of 4.5 and higher out of a 1 to 5 possibility. This conference was no different. Some of their comments were:

"Excellent! The information gained at the conference was invaluable. Am incredibly impressed with the caliber of speakers."

"Better than my wildest expectations! I have gained a tremendous amount of knowledge and contacts."

"High-quality speakers ­ amazingly so. I’m so glad I signed up for this course and look forward to buying and working with you all. The course is as good as promised ­ no, better! Thank you!"

"I’m SO glad we came to this seminar. We look forward to future dealings for a long time. Many thanks."

It really does my heart good to know the efforts are not only useful, but appreciated. This group is now so much further ahead of the rest — it’s the first hurdle to understanding how to make the move or the investment, not only a reality, but a successful one, with as little hassle and expense as possible.

Our next conference is scheduled for May 26 – 28, 2006 in New Orleans, the city we love and want to support. For more information, visit http://www.adrianleeds.com/parlerparis/liveinfrance/LIF_NOLA_2006/LIF_NOLA_home.html

Editor’s Notes:

To read the International Herald Tribune article about Mon Bon Chien, visit http://www.iht.com/articles/2006/03/17/news/bowwow.php

To get your copy of "Paris, Paris: A Journey into the City of Light" or "Au Contraire! Figuring Out the French," visit http://www.adrianleeds.com/parlerparis/books/booksaboutfrance.html

To contact any of the presenters of the Living and Investing in France Conference to learn more about their services, visit http://www.adrianleeds.com/parlerparis or http://adrianleeds.com/frenchproperty/insider or http://www.adrianleeds.com/frenchproperty/consultation or email us at Bonjour@adrianleeds.com/parlerparis

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The Scores Are In…

Living and Investing in France Conference
Chez Jenny, Paris
March 17 – 19, 2006

The scores are in. The conference attendees rated the three-days of sessions with a 4.88 out of a possible 5.0! Here are some of the comments from participants:

"Have got to tell you the conference was fantastic — best $’s we could have spent — learned so much over and above what we already knew (which I thought
w
as a lot) — absolutely the best deal one could find."

"Excellent! The information gained at the conference was invaluable. Am incredibly impressed with the calibre of speakers."

"I really do think the speakers were wonderful."

"Better than my wildest expectations! I have gained a tremendous amount of knowledge and contacts."

"Excellent job! Thanks!"

"High-quality speakers ­ amazingly so. I’m so glad I signed up for this course and look forward to buying and working with you all. The course is as good as promised ­ no, better! Thank you!"

"I’m SO glad we came to this seminar. We look forward to future dealings for a long time. Many thanks."

Crossing the Cultural Divide: "Much of this information I’ve learned throughout the years, but I never tire of hearing it again. It’s a must for every American to understand our differences."

Obtaining the Right to be in France, Sebastien Oddos: "Liked his sensible approach, he is not stuffy and truly seems to understand the American client."

Sebastien Oddos: "Great speaker with lots of good information. Definitely saved us money in the first 30 minutes!"

Why Invest in France, John Howell: "What a gem! So much to learn and to take in but invaluable! Great articulator."

"I enjoyed seeing Adrian and Elisabeth interact. Lucy and Ethel the French/American version."

Editor’s Note: To read the comments from this and all past conferences, visit http://www.adrianleeds.com/parlerparis/liveinfrance/conference_comments.html

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Taking the Apartment Tour
By Adrian Leeds

Yolanda Robins, Property Search Consultant, and Ellen Jung-j2999se, FPI Property Search Consultant, took the attendees of the Living and Investing in France Conference on an apartment tour the afternoon following the conference. It was the first tour of its kind since the inception of the conferences — five apartments in the Marais and Montorgueil districts, all owned by FPI clients (four of which were past conference attendees), all discovered by FPI consultants and currently either under renovation or with a history of rental.

The five apartments were, in this order:

Address: 42 rue de Rivoli
Arrondissement: 4th
Size: 70 square meters
Floor: 5th/6th
Purchase Price: 565,000 Euros
Renovation Works: 0 Euros
Price Per Square Meter: 8,071 Euros
Purchase Date: November 2005
Guardien/Concierge: No
Number of Bedrooms: 2
Number of Bathrooms: 1
Number of WCs: 2
Elevator: Yes
Address: 68 rue Vieille du Temple
Arrondissement: 3rd
Size: 60 square meters
Floor: 1st
Purchase Price: 369,000 Euros
Renovation Works: 40,000 Euros
Price Per Square Meter: 6,800 Euros
Purchase Date: November 2005
Guardien/Concierge: No
Number of Bedrooms: 1
Number of Bathrooms: 1
Number of WCs: 1
Balcony: No
Elevator: No
Address: 14 rue Quincampoix
Arrondissement: 4th
Size: 95 square meters
Floor: 2nd
Purchase Price: 700,000 Euros
Renovation Works: 30,000 Euros
Price Per Square Meter: 7,684 Euros
Purchase Date: January 2005
Guardien/Concierge: No
Number of Bedrooms: 2
Number of Bathrooms: 2
Number of WCs: 2
Balcony: No
Elevator: Yes
Address: 116 rue Saint Denis
Arrondissement: 2nd
Size: 105 square meters
Floor: 4th
Purchase Price: 550,000 Euros
Renovation Works: 175,000 Euros
Price Per Square Meter: 6,905 Euros
Purchase Date: January 2005
Guardien/Concierge: No
Number of Bedrooms: 2
Number of Bathrooms: 2
Number of WCs: 2
Balcony: No
Elevator: Yes
Address: 49 rue Montorgueil
Arrondissement: 2nd
Size: 60 square meters
Floor: 2nd
Purchase Price: 450,000 Euros
Renovation Works: 0 Euros
Price Per Square Meter: 7,368 Euros
Purchase Date: January 2006
Guardien/Concierge: Yes
Number of Bedrooms: 1
Number of Bathrooms: 1
Number of WCs: 1
Balcony: No
Elevator: No

The visitors to the apartments had, as one might expect, different reactions and favored the apartm
ents in an order I wouldn’t have expected.

Overall, they mostly favored the rue Saint Denis apartment for its Haussmannian architecture, beautiful modern kitchen and baths, stunning views and bright lighting. This apartment situated over the Frog and Rosbif at the corner of rue de Turbigo and rue Saint Denis, has views of the lively quartier in all directions. While the location is a bit futuristic, as the district changes "color," it received a very warm reaction.

The successfully rented rue Quincampoix apartment was appreciated for its spaciousness, well designed storage and clever appointments. The location is ideal for rental, but lacks light and views, in comparison to the Saint Denis apartment.

Both the duplex on rue de Rivoli and the one bedroom on rue Vieille du Temple received equal opinion. Distinctly different, however, the duplex has a very contemporary feel, beautiful views of the Hôtel de Ville and Notre Dame and is cleverly laid out on two floors. It is air conditioned, but in the course of the tour, they decided that it wasn’t as important as quiet, which this apartment is not, being on such a busy street. Rue Vieille du Temple offers something different — in a 17th-century building with beautiful wrought iron balconies and only one flight up on the quiet part of what becomes a busy street, has charm, if not view. It’s downfall…no windows in the bath or kitchen.

The rue Montorgueil apartment was least appreciated, although, it’s one of my personal favorites. They loved the location and the view, right on the busy market street, but didn’t feel comfortable with an open bath in the bedroom. This could, of course, be remedied, for someone who preferred privacy.

The value of these apartments has decidedly increased since they were purchased this past year. The per square meter estimated values for these districts are currently at 7500 euros in the 2nd, 8000 euros in the 3rd and 9000 euros in the 4th. With that in mind, and making reference to the above chart, here’s how the return on investment can be estimated, even before rental income:

Apartment Current Value Appreciation based on Purchase Price Appreciation Including Renovation (Total Investment)
Rivoli 630,000 Euros 65,000 Euros 65,000 Euros
Vieille du Temple 510,000 Euros 141,000 Euros 101,000 Euros
Saint Denis 787,500 Euros 237,500 Euros 62,500 Euros
Quincampoix 855,000 Euros 155,000 Euros 125,000 Euros
Montrogueil 450,000 Euros 0 0

Special note: A thank you goes to Yolanda Robins for organizing the tour and to the owners of these apartments, our clients, for so generously allowing us to share this information about their good fortune with the conference participants and with you readers.

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Paying Your Property Taxes
By Adrian Leeds

There are three kinds of land-related tax: Registration Tax or VAT, paid upon acquisition; Taxe d’Habitation, a residential tax paid by all residents; and Taxe Foncière, payable by all home/land owners.

Cost of entry into property ownership in France is relatively high, but cost of ownership is relatively low. You will find the registration taxes upon purchase to be about 6% to 8% including the fees the Notaire imposes on the transaction on resale properties. The subsequent taxes (Taxe d’Habitation and Taxe Foncière) are quite low…about .001% of the purchase price of the property!

Registration Tax or VAT

Various costs must be added to the purchase price: registration taxes on resale properties (approximately 6%) or value added tax (VAT) on new property or property in the course of construction. The price of property in the course of construction is generally stated "before tax" (HT or Hors Taxe), however, for other transactions, the price is stated "tax included" (TTC or Taxe Tout Compris) and the seller must pay the VAT, deducting the VAT he paid on acquisition and construction realized before the sale.

Taxe d’Habitation

Occupancy tax is based on the rental value of the property defined by the land registry and local authorities. This tax is due by the person occupying the residence on the 1st of January.

Taxe Foncière

The taxe foncière is based on the value of the apartment. It takes into account the age of the building, the area of the city, the size, and other factors. The purchaser is liable for property taxes from the date of signature of the deed of sale. A provision is generally provided in the agreement which apportions these taxes between the purchaser and seller for the current year. This apportionment is done according to their respective "term of enjoyment." The seller shall remain legally liable for such taxes. When the seller receives the tax collection statement for the current year, he will contact the Notaire, who will claim the pro rata portion from the purchaser.

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Affordable Path to the French Idyll
By Patricia Farrell, The North Shore Times
http://www.northshoretimes.com.au/article

Australians in love with the European lifestyle are investing in French property in record numbers.

A quaint cottage in a rural hamlet is an idyllic way to lose yourself for a few weeks of each year.

But the cost and logistics of maintaining a holiday home on the other side of the world can be prohibitive unless you form some sort of share arrangement.

Ardent Francophile Patricia Morling is looking for five partners to join an innovative scheme which will allow each access to a holiday home for two months of the year.

"I’ve heard of groups of friends banding together to buy a house in France on a very informal basis," Ms. Morling said. "But what happens if someone’s situation changes and they want to leave the partnership? That threatens the arrangement for everyone else."

Ms. Morling is seeking shareholders to buy a French property with an Australian company.

"Essentially, you would own a sixth share in the company," Ms Morling said. "The share will reflect the changing property values and it can be on-sold should you wish to exit the scheme."

Ms Morling says a similar scheme operated by a group of Americans has been running successfully for many years.

"Time is apportioned on a rotational basis — if you are allocated two months in the summer one year, for instance, the next year you’ll get two months during the autumn."

Ms. Morling hopes to buy a house near Béziers, in the adjacent region to Provence.

"The south of France is great," she said. "You’re close to Italy and Spain and the weather is good all year round."

Ms. Morling is keen to hear from people who may be interested in joining the scheme.

"My research suggests that to buy a three-bedroom village house each shareholder would have to put in about $65,000," she said.

Email: francophilemorling@gmail.com

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The Latest Rates from UCB

Interest Rate Indexes (on 01/03/2006)
3 month Euribor: 2.61%
12 month Euribor: 2.91%
TEC 10: 3.53%
Source: UCB

Exchange Rates (on 15/03/06)
Euro 1 = £0.6898
£ 1 = Euro 1.4497
Euro 1 = $1.2024
Source: Boursorama

Rented Dwelling Reference Index (on 18/01/06)
2005 3rd Quarter Annual Variation: 2.30%
Source: INSEE

Click here for more mortgage information: http://www.adrianleeds.com/frenchproperty/consultation/mortgage.html

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Salon National de l’Immobilier – National Real Estate Trade Show
Paris, Palais des Congrès, Porte Maillot
March 23 – 26, 2006
Daily 10 a.m. to 7 p.m., Friday until 9 p.m.

This show is part of the large, national real estate show which attracts a highly motivated audience. There are some 200 exhibitors currently registered including real estate agents, promoters and developers, financial organizations, insurance companies, notaires and trade associations. The 40,000 anticipated visitors will be able to meet these professionals and obtain information, whether they want to purchase a home, are looking for investment opportunities, or are interested in other projects. Promotion Expo Conseil, the show’s creator and organizer, also organizes shows in Lyon and Toulouse.

Métro: Porte Maillot
Parking: Porte Maillot, Hôtel Méridien, Avenue des Ternes, Avenue Foch
Entry: 5 Euros or free entry with an invitation for 2 people, available from site at http://www.salonimmobilier.com

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Upcoming Conferences

Living and Investing in France Conference
May 26 – 28, 2006
Sheraton, New Orleans

Includes…

Saturday Night at the Second Oldest Restaurant in New Orleans!
May 27, 2006, 7:30 p.m.

Monday, May 29, 2006 at 1 p.m.
Tour New Orleans with Grayline Tours
Hurricane Katrina — "America’s Worst Catastrophe"
$30.50 Per Person

The Art of Trompe L’Oeil Seminar
Paris
May 15 – 19, 2006
Chateau de Saint-Loup

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The
Art of Trompe l’Oeil Workshop originally scheduled for December 29 – January 2, has now been postponed until May 15 – 19, 2006, and will be held at the fabulous Chateau de Saint-Loup. Join a unique community of artists, engaging in hands-on painting and conversation with internationally renowned trompe l’oeil muralist and educator, Yves Lanthier. An award-winning artist, Yves has created large oil paintings and elaborate trompe l’oeil that adorn the ceilings and walls of many East Coast mansions and Palm beach estates, including Celine Dion’s estate in Jupiter, Florida
.

 

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

Visit our new site!

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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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:
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: April 11, 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: Paris Property Hotspots

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/insider/propertyconsultation.html

*** Paris, 2nd Arrondissement, 5 rooms, approx. 94m²

Coup de coeur near Montorgueil. This beautifully, renovated apartment is on the 4th floor.
Includes entrance, large livin
g room, 2 bedrooms, office, kitchen, bathroom, cellar. Very bright with beams and hardwood floors, and other amenities.

Asking Price: 670,000 Euros + 2.5% Finder’s Fee

 

 

 

 

 

 

 

*** Paris, 3rd Arrondissement, 3/4 rooms, approx. 85m²

In a 17th century building on rue Saintonge in Le Marais. This apartment is full of charm and character. Includes large living room, separate kitchen, 2 bedrooms with one on the mezzanine, 2 bathrooms. Fireplace, wood floors, beams and a 3.5m high ceiling. East and west exposure.

Asking Price: 620,000 Euros + 2.5% Finder’s Fee

 

 

 

 

 

 

 

*** Paris, 4th Arrondissement, 5 room loft, approx. 100m²

Near Bastille, a unique, superb loft apartment. Beautiful kitchen with glass roof, 2 bathrooms, 2 toilets, living room, office, 2 or 3 bedrooms. With exposed stone and beams.

Asking Price: 677,000 Euros + 2.5% Finder’s Fee

 

 

*** Paris, 6th Arrondissement, 3 rooms, approx.

Beautiful apartment in a charming old building near Odéon. Living room, American-style kitchen, 2 bedrooms, bathroom. Features glass roof and exposed stone.

Asking Price: 665,000 Euros + 2.5% Finder’s Fee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

DOMAINE DE CAZELLES
France, Center / South, Cajarc

One Bedroom 31m² to 32m² Euros 96,000 to Euros 102,000
Two Bedrooms 43m² to 62m² Euros 134,000 to Euros 195,000
Three Bedrooms 54m² to 54m² Euros 169,000 to Euros 169,000

NEW LISTING – LEASEBACK PROPERTY

GUARANTEED RENTAL INCOME UP TO: 4.30%

 

ROMAN GALLO VILLAGE BUILT UP HIGH

Situated in the heart of the Quercy, between Lot and Dordogne, Cajarc has all the right ingredients for a great holiday destination. Located in the Southwest of France, between Auvergne and Perigord, Lot region is famous for its hilltop villages, green hills, majestic cliffs and the Lot river. In the old town, pale amber stone buildings with gothic arches fronting the narrow streets reveal picturesque open-lofted roof areas, which give it a unique Southern flavour.

Situated on the North-Eastern edge of the town, towards Figeac, in a place known as ‘Le Pech’ offering superb panoramic views of the Lot valley and the town of Cajarc. Overlooking a part of the river Lot, with beautiful views on three sides. The medieval town of Cajarc has a market, boulangeries, a supermarket and other shops. This is a three star residence, immersed in a grove of existing trees and a tranquil environment, comprising 92 duplex apartments and small houses overlooking the village of Cajarc. Facilities include a heated swimming pool, tennis courts and play area for children. Sites to visit include the highly picturesque streets of Cajarc and the famous 100m lake in the Lot.

This is an affordable leaseback property guaranteeing investors rental income for a minimum of 9 years that is index linked. Investors have the possibility of personal use for up to 6 months pca. There is also the possibility to exchange weeks of usage with weeks in other operator’s residences throughout France. The VAT will be financed for investors and prices will be packaged to include certain closing costs allowing investors to borrow more of the full sale price making for a hassle free deal.

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

Next sessions: March 28, 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

6 rooms 155,85 m² + 2 rooms, 1 occupied
24bis rue Greuze
75016 PARIS 16th
Starting Bid: 690,000 Euros
Deposit: 138,000 Euros
Studio 28,30 m²
102 rue Saint Maur,
105/107 rue Oberkampf
75011 PARIS 11th
Starting Bid: 90,000 Euros
Deposit: 18,000 Euros

 

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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.adrianleeds.com/frenchproperty/loan for more information.

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INSIDER PARIS GUIDES DISCOUNT FOR FPI SUBSCRIBERS

Don’t forget that with your FPI subscription you are entitled to a discount on the purchase of any Insider Paris Guides. You’ll find details of the guides at http://www.insiderparisguides.com/. When ordering, a box will pop up allowing you to enter the following:

Username: fpi
Password: subscriber

Order more than one guide at a time and you will receive an additional discount!

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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 ===

==APARTMENT RENTAL==

Coming soon…Parler Paris Apartments rental representation at adrianleeds.com/parlerparis/apartments. If you have a property ín Paris you’d like to keep booked and represented properly, please email Adrian Leeds at Adrian@AdrianLeeds.com for more information.

For all short term rental apartments in Paris, take a look at http://www.adrianleeds.com/parlerparis/apartments or
http://www.adrianleeds.com/frenchproperty/insider/longterm.html for long term apartments.

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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 Group, LLC

 

 

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