The Lucky or Unlucky 13th

The Lucky or Unlucky 13th

Butte aux Caille

Corner Café at La Butte aux Cailles

(FOR SUBSCRIBERS ONLY)

French Property Insider

January 10, 2008
Paris, France
http://adrianleeds.com/frenchproperty/insider

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Bonjour French Property Insider Subscriber,

Between now and next week’s issue, I will be moving myself into my 16.5 square meter studio apartment, "Le Provençal" on rue Charlot (http://www.adrianleeds.com/parlerparis/apartments/rentals/provencal.html) while construction begins to renovate my personal apartment. Plans include a face lift for the living room and bathroom, with assistance by expert interior designer Martine di Matteo.

From today, and over the course of the six to eight weeks while the renovation is taking place, I’ll report on the experience — which may either dismiss your fears of renovation…or further frighten you(!) — although I seriously doubt that. Read today’s introduction and then stay tuned for more!

In today’s issue we report on Sunday nights FPI conference call with Mary Fort of Banque Patrimoine et Immobilier (BPI), "On Call with Beating the Decline of the American Dollar." Those who listened in learned a lot, but you can to by listening to the recording available to all of you. Scroll down to read the report and discover the link to the recording.

The 13th district is our focus today — Paris’ newest hot spot…but for whom is the question. It has its assets and liabilities, depending on from whose point of view. Learn more about it and its anchor monument, the Bibliotèque Nationale de France, what I call "Mitterand’s Folly."

Hot properties in today’s issue are, of course, located in this district, but take note, there is a parking space for sale in Le Marais — an unusual opportunity to own a valuable commodity!

Of course, there are additional articles of note from some of our outside partners, and plenty to keep you reading well through the week.

If you haven’t already reserved your place for the Living and Investing in France Real Estate Conference in Miami February 16-17, 2008, then don’t delay! Ginny Blackwell is our newest edition to the line-up of professionals — an expert in Fractional Ownership, so you won’t want to miss that. And, Mary Fort will also be with us! You’ll find all the information you need in this issue and at the Web site: http://www.adrianleeds.com/frenchproperty/conference/LIF_Miami_AF_Feb_2008/index.html

A bientôt…

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

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.

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Volume V, Issue 2, January 10, 2008

In this issue:

* Adrian’s Apartment Renovation
* Paris’ Nouveau Quartier
* Property Investment in the 13th
* A New Chapter in Paris Architecture
* View from a Paris Hilltop
* Report on "Beating the Decline of the American Dollar" Conference Call
* Purchase a Parking Space in Le Marais
* Eurozone Currency Predictions
* Normandy Cooking School for Sale
* 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: The Lucky 13th
* Leasebacks: Monte Bianco, France, French Alps, Saint Gervais les Bains
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — Le Penthouse Voltaire

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rue de SaintongeThe Face Lift of rue de Saintonge, Part I
By Adrian Leeds

The project has loomed over my head for years — repainting and renovating the living room and bathroom of my personal apartment.

The living room functions as that, a dining room and an office. To one side is an old couch with two arm chairs surrounding a coffee table. The other side is a dining table and chairs. The center against the front wall
is a work station enough for two and o
n the back wall, a bookcase and storage unit spans the full length of the room. The paint is peeling from the ceiling. The wall cracks have taken on new life. The drapes nor radiators have never been touched in the ten years of living in the space. The furnishings are mostly "early divorced" having been shipped to Paris from Los Angeles in 1997…and they look their age and poor quality.

The point is, it’s about time!

The bathroom has been renovated twice before, mainly because the paint ceaselessly peels because of the humidity and the gray faux marble tiles and gray bath fixtures leave something to be desired. It’s about time to make a change there, too!

The work has been postponed because it requires moving out completely in order to perform the necessary renovation. Now that Le Provençal is available, it provides the perfect home away from home, just a block away. I reserved mid-January to mid-February, the lowest season of the year, as a tenant, and began considering how to function in such a small space for one month, working there and living there full time.

rue de SaintongeMartin de Matteo, our favorite interior designer, is overseeing the project. She has contracted with a "meneusier" (cabinet maker) to construct a work station that will replace the old laminate IKEA-style desks, enclose the space between the bookcase and ceiling and add a cornice above the windows to hide the tops of the drapes and provide a compartment for more lighting. They are also producing a made-to measure unit for the bathroom which will include a sink, cabinet consisting of drawers and shelving, mirrored medicine cabinet and laundry hamper, built around the washing machine.

This alone has been hours of measuring, reviews of drawings and discussions to ensure that it will all work as well as envisioned.

An upholsterer has been hired to reupholster the couch and chairs. He will remove them next Tuesday and within a few weeks, they will return dressed in the gold and silver fabrics Martine has chosen to take them from "California Crazy" to "Posh Paris."

The discussion continues about whether to open the ceiling and expose the ancient beams, which immediately increases the value of the property, but costs a lot of time and labor and reduces the insulation.

Meanwhile, boxes were obtained at "Une Pièce en Plus," on rue Vieille du Temple to start packing up the books off the shelves. Furniture must be moved into the second bedroom leaving the master bedroom free for access to clothing, personal belongings and office files. A condensed version of the office will be transferred over to Le Provençal where I hope to be able to work as well, but it’s sure to be a logistic challenge.

To say that I am apprehensive is a understatement…but with Martine taking over, it’s sure to be more painless than expected.

Each week I’ll keep you posted on the progress, taking a look at how to make your renovation project as inexpensive and painless as possible, while accomplishing more than you bargained for!

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Butte aux CaillesA Quarter Born of Co-Operation
By Phyllis Richardson
Published: January 5, 2008

The Financial Times Limited 2008
http://www.ft.com

If you don’t live in Paris’s 13th arrondissement, you probably don’t know about it. The streets and even Métro stops aren’t on many maps of the city. And anyone looking to get there by taxi might find that the driver’s response is "n’existe pas."

But on 130 hectares of land stretching 2.7km along the Seine and well within the city limits, a mammoth redevelopment project has begun to emerge. Where there was once the echoing rattle of train sheds, unfriendly factory buildings and disused industrial plants, there is now the buzz and hum of what is being called Paris’s "nouveau quartier." It is the most ambitious urban renewal programme that the French capital has seen since the 1860s, when Baron Haussmann cleared away swathes of medieval infrastructure to create grand boulevards and imposing mansion blocks. And, in fact, many say that it is even more revolutionary…

To read the article in its entirety, click here:
http://www.ft.com/cms

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Butte aux CaillesThe Lucky or Unlucky 13th?
By Adrian Leeds

It happens to me quite often that I will find myself in the same area of the city repeatedly or the subject of that particular district becomes spotlighted within a short amount of time for totally unrelated reasons. Such was the case for the 13th arrondissement this past week. A friend who is here for a couple of months every year with her husband and I were discussing the virtues of owning property vs the renting they do with each visit. She described the same sentiments of another friend who had recently purchased an apartment in a contemporary building near the Bibliothèque Nationale de France in the 13th arrondissement, and who was quite thrilled with his purchase.

Being the advocate of "location, location, location" when it comes to making a good property investment, I snubbed the 13th as a valid investment in today’s Paris.

The
next day, I received by email from another friend the article "A Quarter Born of Co-Operation" by Phyllis Richardson of the Financial Times (above), declaring exactly the opposite of my nay saying sentiments. And the day after, strangely synchronistic, my daughter and I had the opportunity to visit the Bibliothèque Nationale de France for a showing of "Simone de Beauvoir: Une Femme Actuelle," a documentary by Dominique Gros, which airs this evening at 10:30 p.m. on French television channel ARTE.

We both had the same negative reaction to the Bibliothèque Nationale de France. I call it "Mitterand’s Folly," and you can quote me in saying that it is by far the most inhumane architectural disaster of any century I can think of. It would give me nothing but great pleasure to fully critique its shortcomings, but for these purposes, I will refrain. (Instead, I offer you an excerpt from what Albert Vogeler had to say way back in 1999 when it was first inaugurated. Scroll down to read why he agrees.)

Nonetheless, from a foreigner’s perspective on this new, contemporary and "hip" district of Paris, there is little to attract me there. For the young French who are sick and tired of history and tradition, who want desperately to feel they live in the 21st century like New Yorkers or residents of Shanghai, it offers an escape from the past and a view on the future. And sure, one can purchase in the district for 5000 euros per square meter, about half of the going rate in Saint-Germain-des-Prés or Le Marais…but how will it appreciate and hold its value and appeal?

My guess is there is no contest. Nothing replaces centuries-old construction or the dozens of generations that have occupied a particular space. Then there is the fact that with government protected buildings which cannot be altered without permission, and with which there is no such thing as going "up" or "out" (meaning you can’t build higher up or add more construction to open land), the value just continues to climb.

If one were to invest in the 13th arrondissement, then take a good look at the Butte aux Cailles district. Scroll down for a glimpse.

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Francois Mitterand Bibliotheque NationaleA Monumental New Library in Paris, May 1999
An Excerpt from Pollak Library, California State University, Fullerton
By Albert R. Vogeler
http://library.fullerton.edu

When the need for a new library became apparent in the late 1980s, President François Mitterand viewed it as a personal project involving the nation’s pride and image. La Gloire is something France has always cherished, and the Socialist Mitterand was another de Gaulle in this respect: Paris must have the greatest modern library in the world, befitting France’s cultural traditions. It would become the last and largest of his "Grands Travaux," in Paris, monumental architectural enterprises such as the Opera Bastille, the Louvre’s glass pyramid, and Le Grande Arche, a 350-foot hollow marble cube. As architect he chose the obscure Dominique Perrault, who proceeded to fulfill the "master’s" wishes, and construction was rushed to completion in 19 months.

From the level concrete base rise four glass-faced towers, each L-shaped in ground plan, intended to evoke an open book standing on edge. Over 320 feet high, internally 24 stories, they are visible for miles up and down the Seine. They contain most of the Library’s 11 million books — and give book "stacks" a new meaning. A 60-foot deep rectangular central well some 700 feet long nestles between them, and this "lower garden" is planted with a forest of full-grown evergreens whose tops are barely visible at ground level. Its sides are 5-story glass walls, and behind them are the subterranean reading rooms.

Francois Mitterand Bibliotheque NationaleThe costly artificiality of the scheme immediately drew the fire of critics, who pointed to the immense distances between books and readers and the difficulties of efficient book transport. But these problems called attention to a deeper and prior flaw in design. Originally, readers were to occupy the towers and books would be housed underground. But encroaching moisture stains suggested that the waters of the Seine were penetrating the basement, and it would be folly to imperil the whole legacy of French culture with damp, rot, or flood. So the towers were re-configured for books, and the basement for people. But books are also damaged by constant exposure to sunlight, so thousands of wood shutters were fabricated and installed, and of course this changed the intended appearance of the towers.

These were early embarrassments. It took three years to move the 11 million volumes from Rue Richelieu (where there is still a repository for certain collections). The library was inaugurated by Mitterand in March 1995; and when he died ten months later, it was inevitably named for him. The Bibliothèque François Mitterand was not ready for public use until October 1998, and by that time had cost $1.5 billion (twice the cost of the new British Library). But within days there was a massive computer breakdown, and it was clear the system had not been adequately tested. Workers had to hand-carry books to scholars, new untrained staff were hired, and working conditions in the towers were deplorable. All this precipitated a strike of 800 of the 2800 employees, which temporarily shut down the library. When it reopened, hours were curtailed to permit further work on the computers. Blame for all the old and new problems was freely distributed, invidious comparisons were made with the new British Library, and the architect called for a "period of adjustment." The press revived controversy over Mitterand’s architectural legacy, and there was, predictably, public introspection about social malaise and the soul of France.

Ho

w succ
essful is this "first library of the third millennium?" The public reading areas, for which there is a 20 franc ($4) daily charge, seem to be working well. In the 2000-seat research area, at 30 francs daily, there is a 24 hour delay in obtaining books, and no provision exists for even asking a research question. The sunken central mini-forest is perhaps a visual relief fro what is otherwise an ambience of austere modernism, but the overall impression I have from my two visits is that of an imposed imperial style that makes little concession to effective function or humane values.

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Butte aux CaillesThe Cool Hot Air Hilltop of Paris
Excerpt from Parler Paris
By Adrian Leeds
http://www.adrianleeds.com/parlerparis
Wednesday, September 14, 2005

There’s a corner of Paris few tourists ever venture, nor even Parisians for that matter. I ventured there last night after saying so-long to all the folks at Parler Paris Après Midi (http://www.adrianleeds.com/parlerparis/apresmidi.html) to visit an apartment for sale on a well-lit pedestrian street with nothing particularly special about it except for an unusual lavender brick building with deep lavender painted shutters.

Just off the Place d’Italie, this is the highest point in the 13th arrondissement, one of the seven hills of Paris, from which one has a panoramic view of the city. It’s the unassuming "quartier" known as "La Butte aux Cailles."

No, it’s not the "hilltop of the quails" — which one might easily assume — but named after Pierre Caille who purchased the land on this hill in 1543. His son, Clément, developed the family heritage by acquiring additional land until it became known as first, "Butte de Caille," then "Butte Caille" and now today, "Butte-aux-Cailles."

On November 21st, 1783, Jean-François Pilâtre de Rozier, who was a French chemistry and physics teacher, and one of the first pioneers of aviation, made the first manned free hot air balloon flight in history, accompanied by the Marquis d’Arlandes. During the 25-minute flight using a "Montgolfier" hot air balloon, they traveled 12 kilometers from the château of La Muette to the Butte aux Cailles in (what was then the outskirts of Paris), attaining an altitude of 3000 feet. Engravings representing the landing display a tranquil country landscape. The landing spot today is the exit to the underground parking called the "Galaxie!"

The Buttes aux Cailles and the 13th arrondissement has changed quite a bit since. One century ago, it wasn’t even part of Paris, but part of the Commune of Gentilly. (Gentilly is also a name I grew up with as the eastern part of New Orleans, now sadly under water.) Still, the moment you step off the main streets that run between rue Bobillot, rue de Tolbiac and boulevard Auguste Blanqui, onto the one-way tiny streets spilling off the main street of rue de la Butte aux Cailles, you will sense that you’re in another world altogether.

It’s a strange sensation. The Butte aux Cailles is one of the few areas of Paris with single-family two-level homes, many covered in ivy or dripping with vines. Scattered among them are contemporary apartment buildings with chic architectural style and as a backdrop not far away lie the looming high-rises the 13th is so famous for. I stood in the center of the street rather dumb-founded by the contrast and wondered for a moment whether I was in Paris at all!

The neighborhood is awash with old-world charm — cafés, bars and restaurants, most of which still sport original decor. Quaint shops dot the landscape along with one of Paris’ most well-know swimming pools — Piscine de la Butte aux Cailles at 5 place Paul Verlaine — in art-deco style, supplied by a natural hot spring of a constant 28°C. You can still see a performance at The Théâtre des Cinq Diamants, once known for its Folie Bergère shows between the two world wars and as a hideout for the Resistance during World War II.

I wandered along the streets until my nose led me to land at Le Temps des Cerises for authentic "boudin noir," served in a casserole covered by crispy thin slices of apple. The authenticity of the bistrot with its "petites ardoises" nailed to every available spot on the cluttered walls, wood tables and bentwood chairs, each elbow to elbow and deep burgundy upholstery, overshadowed the quality of its cuisine, but no matter…it reeked of Butte aux Cailles charm and didn’t cost enough to be a bad value (18-20 rue de la Butte aux Cailles, 01.45.89.69.48). Around the corner at L’Avant Goût, your check will be double (31 Euros for 3 courses), but will be a better bet for an outstanding meal — known as the quartier’s best dining experience and one of the city’s best values (26, rue Bobillot, 01.53.80.24.00).

There was even more action at the many bars and cafés, spilling out onto the street in the warm evening air. La Bonne Cave didn’t offer even one seat for the weary. Others to test include Papagallo (25, rue des Cinq Diamants), the Sputnik (14-16, rue de la Butte aux Cailles and the Folie en Tête (33, rue de la Butte aux Cailles), each offering a different ambiance to set the mood.

If you can’t get there in person, (it’s in French, but…) click here for a great little tour of the neighborhood: http://www-inf.enst.fr/~premiere/butte/ If you CAN get there in person, make a point of discovering a Paris you wouldn’t have otherwise.

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Statue of Liberty

"left">O
n Call with Beating the Decline of the American Dollar
By Adrian Leeds

Sunday night we took a look at the real cost of property in France through a clearer lens. Mary Fort, Director of the International Department at BPI (Banque Patrimoine et Immobilier) led a conference call free to FPI subscribers to introduce a new loan product — one she called "embryonic" that is so new, it has yet to be named!

In fact, the new "scheme" started as just a glimmer of an idea and thanks to our own enthusiasm for it, we (our readers!) are largely responsible for its development and growth! None of the other banks are offering it…yet…so Mary is feverishly working to bring it to full maturity before the competitors copy the concept.

In my opinion, it’s a brilliant way of virtually eliminating the rate of exchange issue for Americans who are suffering from the weak dollar (or anyone wanting to make a smart financial investment), but want to diversify their assets by owning property in France (or who just yearn to be here like so many of us!).

The basis for it is that the down payment (20%) is held in an interest-bearing account, kept in U.S. dollars, while the loan is offered for 100% loan to value. The initial investment of 20% remains the borrower’s money and grows with the interest as well as the potential with an improving rate of exchange. The loan product was first introduced by Parler Paris in a past issue.

In last week’s issue,, we went further to illustrate not only this particular loan offering, but all the reasons taking a loan make so much sense. My favorite reason of all is called "leverage." The same investment capital can purchase a property for 100% cash or if 20% is utilized as a down payment, that same investment capital can purchase five properties, each yielding five times the return on the capital investment. The article illustrates it clearly and my personal experience proves it to be true.

Since 2000, I have purchased four properties (three in Paris and one which will close this Summer in New York) valued at approximately more than $2 million for a total out-of-pocket investment of $40,000. Hard to believe, but true. It started with a 20% down payment and then as the equity in the properties built, was able to take equity release loans. The properties continue to appreciate, those with rental income continue to earn revenues and the potential to leverage the holdings to acquire more continues to offer new opportunities.

Editor’s Notes:

You can listen to the conference call by clicking on this link: http://www.adrianleeds.com/frenchproperty/insider/members/content/Conf_Jan_6_2008.mp3

Mary Fort will be joining us at the Living and Investing in France Real Estate Conference February 16-17, 2008 in Miami Florida. Visit http://www.adrianleeds.com/frenchproperty/conference for more information and to register.

To contact Mary or learn more about a mortgage in France, contact our Mortgage Manager, John Rule, at Loan@AdrianLeeds.com

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Marais MapParking 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.

 

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eurosFrench Property Market Predictions
From http://www.homesworldwide.co.uk

VEF UK tell us what 2008 has in store for French property buyers

Overseas property agents VEF UK recently announced their financial predictions for the year ahead and advises those dreaming of a house in France to act now before market conditions worsen for UK buyers.

While many buyers have been holding out on making a purchase due to the unfavorable euro-sterling exchange rate at the moment, VEF UK believes that the pound is likely to weaken further against the euro as the year progresses, so those wishing to make the most of their investments should act now.

Further UK interest rate cuts are forecasted this year, which will weaken the currency, while Eurozone interest rates are not expected to be cut because inflation rates remain high in continental Europe.

Buyers taking a French mortgage will only need to purchase enough Euros for the deposit and some transaction costs. Monthly mortgage payments can be made from the UK.

While UK property prices are expected to fall this year, France will enjoy a healthy growth, with prices increasing by around 6 – 8% on average, and up to 20% in sought after locations.

This, combined with the ailing fortunes of the UK pound indicate that acting now makes financial sense for those wanting to buy in France, and holding it off will only see prices increase and the pound weaken further still.

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Cooking School</p>
<p> Normandy width="275" height="212" align="left">Property in France: The House with the Dream Life Included…
By Graham Norwood for http://www.telegraph.co.uk

A restored French farmhouse and successful cookery school offers buyers a new lifestyle, reports Graham Norwood

Statistics show that most people stick to new year’s resolutions for a fortnight: if you vowed to change your lifestyle in 2008, you have only another week to snap up the delightful Le Manoir de L’Aufragère in Normandy.

This 18th-century, six-bedroom farmhouse not only makes a striking home, handily located near the market town of Pont-Audemer, 90 minutes from the ferry ports, but it could also be the start of a new way of life…

To read the entire article visit http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2008/01/08/pfrench108.xml

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The France Show 2008The France Show
January 18-20, 2008
London Olympia
http://www.thefranceshow.com

The France Show 2008 will be the UK’s largest celebration of French property, culture, food and travel. With five main themed areas, the show at Olympia in London (previously Vive la France) will give you the chance to explore your passions, hobbies or interests in this wonderful country.

Plus, if you pre-register (before 31st December) you can order up to six tickets FREE of charge — click here http://www.thefranceshow.com/pre-register.aspx

Opening times:
Friday – 10 til 6
Saturday – 10 til 6
Sunday – 10 til 5

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Ginny Blackwell, French Property SharesWelcome 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 shared ownership 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.

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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
http://www.ad

rianleeds.com/frenchpr
operty/consultation/sales/fractional/jardinstpaul.html

Chez La TourNEW FRACTIONAL OWNERSHIP FOR SALE NEAR EIFFEL TOWER

Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Two-Bedroom, 88.1 m2
99,500€ / 12 Shares Available
Available for Use May 2008

If you would like to receive more information on this apartment, VISIT http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/chezlatour.html

 

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

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

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

For more information and to register, visit: http://www.adrianleeds.com/frenchproperty/conference/LIF_Miami_AF_Feb_2008/index.html

Or email Schuyler Hoffman at info@adrianleeds.com

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

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

FPI Offers More Relocation Solutions!

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

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

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MoneycorpTODAY’S CURRENCY UPDATE

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

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

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

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

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

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

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

nth.

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HOT PROPERTY PICKS: The Lucky 13th

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 real estate*** Paris, 13th Arrondissement, 3 rooms, approx. 69m²

With an open view of the city of Paris, this apartment offers a large living room, fully equipped kitchen, 2 bedrooms, cellar and parking. Very bright. Steps to stores in the building.

Asking Price: 409,500€ + 2.5% Finder’s Fee

Paris real estate*** Paris, 13th Arrondissement, 3 rooms, approx. 66m²

Butte aux Cailles. On the first floor of a building with elevator and gardien. Entrance, living room with balcony, fully equipped kitchen, bathroom, separate toilet, 2 bedrooms, one with a large terrace on a garden and courtyard. Many features including double paned windows. Cellar and parking.

Asking Price: 500,000€ + 2.5% Finder’s Fee

French real estate

French real estate*** Paris, 13th Arrondissement, 5 rooms, 108m²

Near the François Mitterand Library, large renovated apartment with open views on the 6th floor of a building with elevator. Large living room, 3 bedrooms on the building’s private garden, 2 bathrooms, cellar, parking.

Asking Price: 770,000€ + 2.5% Finder’s Fee

French real estate

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

Leaseback FranceMONTE BIANCO
France, French Alps, Saint Gervais les Bains

Studio 19m² to 22m² €95,000 to €111,000

One Bedroom 33m² to 52m² €178,000 to €266,000

Quasi Hoteliere Holiday Leaseback
Guaranteed Buy to Let – Leaseback

GUARANTEED RENTAL INCOME UP TO: 4.20%

leaseback franceleaseback franceleaseback france

SNOW IS FALLING SO HIT THE SLOPES

With beautiful views over the Mont Blanc mountain range, discover this fully equipped and recently renovated Alpine residence. Located in the adored Haute Savoie (Upper Savoy) region of the French Alps, this tourism residence of fine standing exemplifies all the adored traditions of the French Alps region. Nestled within the scenic village of Saint Gervais with good access to Chamonix and Megeve ski resorts, far from the big ski industry stations, owners and tenants alike will enjoy beauty and authenticity at its finest.

All conveniences are here to make your vacation as peaceful and cozy as possible, with a spa and fitness center, an indoor heated swimming pool and two large solariums. The residence is set high above the Saint Gervais village, 400 metres from the main ski lift, 250 metres away from all the Alpine boutiques and 800 metres away from the village center.

Investors have the option of investing under the French Leaseback scheme for a guaranteed rental income of 4.2% paid net including 2 weeks of occupancy. In addition, investors may choose to invest under the ‘Quasi-Hotel’ Leaseback scheme offering a guaranteed rental income and up to 6 months holiday use per year. One of France’s strongest Alpine management companies is backing this project guaranteeing rental payments and full maintenance of the property.

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French Propety LoanSEEKING A MORTGAGE IN FRANCE?

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

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

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Managing Your French Property Insider Subscription is Easy!

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

It’s easy…

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

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

3. Enter your username and password.

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

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

Simple!

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

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insider paris guidesWe wanted better guides.
So we wrote them.

Insider Paris Guides are written for people who love the City of Light. You’ll get a Paris insider perspective on Restaurants… Making a Life… Black Culture… Expat Writers…and the newest guide, Practical Paris!

French Property Insider subscribers receive a discount of 10% off any guide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). Here’s how it works:

1. Click on special Web link we give you just for FPI subscribers.

2. Then order one or more guide(s) and use the promotion
code "ED762." This promotion code gives you 10% off your total
order.

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

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

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THINGS YOU NEED TO KNOW

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

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

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

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HELPFUL CONVERSIONS FOR REAL ESTATE

1 square meter = 10.7639104 square feet

1 hectare = 2.4710538 acres

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

==== CLASSIFIED ADVERTISING ===

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

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

Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We understand your needs a

nd desires, all the small detail
s that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!

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

NEW LISTING!

Ma Petite Maison
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: mailto:Apartments@AdrianLeeds.com

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SUBSCRIBE TO PARLER PARIS

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

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

 

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