The Politics of Purchasing

The Politics of Purchasing

Hôtel de Ville…the Political Pulse of Paris
Photo by Allison Gorlin

(FOR SUBSCRIBERS ONLY)

French Property Insider

June 21, 2007
Paris, France
http://adrianleeds.com/frenchproperty/insider

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Bonjour French Property Insider Subscriber,

In just a few minutes, Paris and all of France will be out on the streets listening to music and partying during Fête de la Musique! It’s summer solstice, the longest day of the year, and an event we all look forward to!

Today’s issue addresses the subject of politics…not Sarkozy’s or Royal’s, but the politics of purchasing property. Believe me, every transaction is riddled with pitfalls and politics can play a major role. Read about some real life tales and be prepared to experience some of your own during your own transaction!

New laws are expected to affect the property market in a positive way. Today we provide lots of articles that should give you a better idea on ways to invest and take advantage of the new laws. Read and learn. Tourism is up, so that means more opportunity for landlords to have success with vacation apartment rentals! Don’t miss the report. Also, don’t miss our report and information on offshore banking — and why Belize can be the best choice…offering "secrecy" vs just "privacy."

Meanwhile, France Today and France-Amérique, the most important publications on the subject of France in the United States, have joined with us to provide the best line-up of speakers ever at the Living and Investing in France Real Estate Conference in San Francisco July 7 and 8. For attendees of the conference, they will provide free issues of their publications and we are lucky to have editorial staff member, Hélène Goupil, talk about how they keep their fingers on the pulse of France! The conference is almost filled to capacity, so if you’re thinking of attending, there’s no time to waste — register now! Click here now to book your seats: http://www.adrianleeds.com/frenchproperty/conference/LIF_SF_AF_July_2007/home.html

Tomorrow morning I will be hopping on the Eurostar for a weekend in London and will try to learn more about property in London compared with property in Paris. The English prefer the French countryside, while Americans can’t seem to get enough of Paris. What makes the British more attracted to landscape than cityscape? I hope to find out and report to you all about it next week.

A Bientôt,

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

P.S. Own Your Own Pied-à-Terre in Paris…at a fraction of the cost! Paris Home Shares offers Fractional Ownership of select apartments in premium Paris locations. Our newest offering, LE JARDIN SAINT-PAUL, features a spacious two-bedroom apartment in the historique and centrally located Marais district — and it’s already selling out fast. take advantage of the investment and the pleasure of owning your own home in the City of Light. For more information, visit http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/jardinstpaul.html or contact Steve Navaro at steve@navaro.com

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Volume V, Issue 24, June 21, 2007

In this issue:

* Ins and Outs of Offshore Banking
* Property Purchase Politics
* Will Inheritance Tax Changes Benefit the French Property Market?
* French Property More Profitable for Investors
* A French Count, His Ancestral Chateau…and a Link to History
* Sarkozy Tax Changes Make Leasebacks More Attractive
* Investors Check-in to French Hotel Market
* Expatica Welcome to France Fair
* FPI on House Hunters International – New Dates and Times!
* Living and Investing in France Conference, July 7-8, 2007 San Francisco
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: July 3, 2007
* Hot Property Picks: Loire Valley Living
* On the Auction Block: June 26 and July 3, 2007
* Leasebacks: Residence les Violettes, France, Center / South, Coulounieix Chamiers
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments

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"How to Successfully Master Offshore Banking"
With Peter Zipper
By Adrian Leeds

Last Thursday here in Paris, President of Caye International Bank in Belize, Peter Zipper, led an hour-and-a-half discussion on the ins and outs and benefits of offshore banking to a group of individuals eager to understand how it works and if their deposits would be safely held. This was a French Property Insider sponsored free presentation.

Belize is a leading Caribbean offshore jurisdiction, and many visitors are intrigued about offshore banking. The growth in international travel, coupled with the increasing use of the Internet to make a living or help manage businesses from afar, have led to growing use of offshore banking and offshore trusts. Others have made the same decisions to relocate or diversify their financial affairs and open offshore accounts.

Offshore Banks in Belize In addition to commercial banks in Belize serving local customers, Belize has developed a small but growing community of offshore (or international banks as they like to be called.) banks. These offshore banks were authorized by the Banks and Financial Institutions Act, 1995, and the introduction of the Offshore Banking Act, 1996, and the Money Laundering (Prevention) Act, 1996. By law they cannot serve customers who are citizens of or legal residents of Belize. The 1995 legislation defines an off shore banking as "receiving, borrowing or taking up foreign money exclusively from non-residents at interest or otherwise on current account, savings account, term deposit or other similar account and which according and subject to arrangement is repayable on the check, draft, order, authority or similar instrument of the customer, and investing the foreign money so received by lending, giving credit or otherwise exclusively to non-residents; or carrying on exclusively with nonresidents such other activities as are customarily related or ancillary to offshore banking." There are two categories of Belize offshore banks: "A" Class – Unrestricted and "B" Class – Restricted…

To continue reading this article and learn more about offshore banking in Belize with Caye International, download their brochure by clicking here: http://www.adrianleeds.com/frenchproperty/insider/members/content/caye_bank_belize.pdf

 

 

 

Contact Caye International Bank, Ltd.:
Peter Zipper, President
Coconut Drive, PO Box 11
San Pedro Town, Ambergris Caye
Belize, C.A.
Tel: +(501) 226-2388/3083
Fax: +(501) 226-2892
Email: cibl@btl.net

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The Politics of Purchasing Property in France
By Adrian Leeds

Start with the idea that nothing is simple to accomplish in France. Remember, the French invented the word "bureaucracy" — French economist Jean-Claude Marie Vincent de Gournay (1712-1759) coined the phrase taken from the word "bureau" (office) (http://www.etymonline.com/) and the French have been suffering from paperwork ever since. Purchasing property is suffocating under bureaucracy as the Notaires battle it out for having every document in the "dossier" in place, with every "i" dotted and every "t" crossed. Sometimes they seam zealous, but it’s their job to protect their clients from future issues that may arise…but there’s more to purchasing property in France than just jumping through the bureaucratic hoops. Attached to providing all the necessary documents are the political strings attached. And sometimes the politics of a purchase can make or break the deal.

For example, one of our clients is in the process of purchasing a new home in the countryside. The seller built the house himself and the buyers have personally known him many years. They’ve come to know other members of the village over the years and feel it is their destiny to own this home. The buyer’s Notaire insisted that a "certificat de conformité" be provided by the seller which would certify by the city hall of the village that the building now complies with the associated building permits to having added an extension. The seller could not produce such a document, nor seemed willing to do so, or even try. The Notaire advised to make it a condition of the sale, but we surmised the seller would be unwilling and suspected there must be more to it than meets the eye. Perhaps if the certificate had been issued, then the State would learn that it had been radically enlarged and therefore additional taxes might be owed. This is all guesswork on our part, but forcing the seller’s hand would likely have meant losing the property. But how big a risk was it really? The Notaire confirmed that the statute of limitations would prevent the buyers from owing any back taxes, however, it would be possible that the "Mairie" (city hall) would insist later on that changes must be made to the house to conform…of course, only if there was some reason in the future to need the certificate!

Because they intend to live the rest of their lives in this village, they chose to take the risk and play the political game rather than insist on protection of their rights as buyers. We think this overall a wise decision.

In a personal situation just this week, the "Syndic’ (president of the homeowner’s association) of my building called me in to discuss the little apartment I’m in the process of buying. With every turn, th

is apartment see
ms to be filled with twists, turns and intrigue. In this case, it turns out that when the elevator was installed years ago, one cellar was used — belonging to the neighbor on the 3rd floor directly below this apartment. The previous owner of the apartment I’m buying allowed the neighbor to store her belongings in one of the two cellars belonging to the apartment, and so she did. The Syndic then asked me, as the future owner, to deed over the cellar to her completely, with no money changing hands, in the interest of squaring things away from a bureaucratic perspective.

At first, it seemed like a lot to ask, as I wouldn’t mind if she used it, but was unwilling to give up ownership, until I realized the political ramifications of the situation. I had the benefit of the elevator and the terrace, which is not owned by me, but by the "Copropriété" (homeowner’s association) and therefore I would personally have no fees assessed associated to its maintenance, but would have full usage as there is no other access to the terrace but via this apartment. And I realized how important it is to maintain a good relationship with the neighbors so that when the time comes to request something special, I will be looked upon favorably. I acquiesced and agreed to deed it over.

When I bumped into the neighbor on the street and explained my intentions, she explained that the apartment and the cellars have a long and fascinating history…much more than I knew…and she promises to tell me all about it sometime soon. It all hints of being the basis for a very good novel!…so I’ll keep you posted.

There are many more stories like this that come to mind, but I’ll spare you the details leaving space for having your own political posturing when the time comes!

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French Property Market May be Boosted by New IHT Laws
From http://www.propertyshowrooms.com

Investors purchasing property in the French market may be set to benefit from proposed changes to the country’s inheritance tax (IHT) laws put forward by new president Nicholas Sarkozy, it has been claimed.

According to WorldofProperty.co.uk, Mr. Sarkozy hinted that any changes that he introduces will look to ensure that most people will not have to pay IHT on their properties, meaning beneficiaries of investors will not be saddled with large bills.

Nicolas Dowlatshahi, managing director of Leapfrog Properties Europe, suggested that this could boost the country’s property market as investors look to capitalize upon these favorable tax conditions.

"The French property market is notoriously safe and if this change happens it will also offer an excellent tax break," he remarked.

Trisha Mason, managing director of VEF, recently said that under the new president, France’s property market would become "livelier" if he decides to lower IHT and remove other administrative burdens.

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France’s Property Market "A Safe Bet for Investors"
From http://www.propertyshowrooms.com

Investors have a better chance of making a profit in France than they do in Spain, according to one expert.

Trisha Mason, managing director of property firm VEF, said that France is a "mature" economy with a "safe" property market, which is set to improve under the presidency of Nicolas Sarkozy.

Comparing the market to neighboring Spain, where inflated house prices are undergoing a correction, Ms. Mason said that France offers more lucrative opportunities for investors.

"France we know has about 30 per cent in it that it can afford to go to before it gets over-inflated. And I think we’re going to see that happening now."

She went on to say that although the French market would not match the capital growth witnessed in eastern European countries, its established market makes it a safe choice for "medium to low risk" investors.

According to French property agents Latitudes, the election of Mr. Sarkozy will cause property prices to rise across the country as investors become more confident in the economy.

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French Count Savors Link to History at Ancestral Chateau
By John Tagliabue
International Herald Tribune
http://www.iht.com

Michel de Rochambeau, 90, likes to think that the life span of a tree separates him from his most illustrious ancestor.

He recently had dozens of young lime trees planted in a row along the three-kilometer, or two-mile, road that winds along the Loir River leading to his modest chateau in northern France. They replaced trees that had been planted by Jean-Baptiste Donatien de Vimeur, count of Rochambeau, the French military strategist and fellow-in-arms of George Washington’s at the Battle of Yorktown…

To read the entire article, visit: http://www.iht.com/articles/2007/06/15/news/journal.php

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Mortgages: The French Connection
By Lorna Bourke, Money Columnist, City Wire
http://www.citywire.co.uk

Leaseback schemes in France have been popular with investors for many years. But with the election of Nicolas Sarkozy as the new French president, things are likely to heat up. His promise to introduce tax relief on mortgage interest for homeowners could give the French property market a boost and make these leaseback schemes more attractive because of the potential for capital gains.

LEASEBACK

"French property is not overvalued and there is every reason to suppose that if Sarkozy does introduce tax relief on mortgage interest it will have a positive effect on French house prices," says Stuart Law of property firm Assetz. "The French have all been waiting until they knew the outcome of the election — the Brits would have been in the market before an election. But there is still an opportunity to get in before prices take-off."…

To read the entire article, visit the following link: http://www.citywire.co.uk/News/NewsArticle

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Property Investors Set to Benefit as French Hotels Report Rise in Occupancy
From Easier Property
http://www.easier.com

With the Office of Tourism reporting a figure of 27 million visitors to inner Paris in 2006, French hotels are seeing a sharp rise in occupancy, pointing to a growing need to provide accommodation, which could be a benefit for property investors.

A survey by INSEE shows that in 2006 the average occupancy in approved hotels in Paris increased by 3.9 points compared to 2005, to reach 75.2% with occupancy rates showing the highest numbers in September, October and June. A data graph tracks a distinct rise in occupancy in the late 1990’s, a slight dip at the beginning of the 21st century then a strong continuous upward trend since 2002/2003, virtually back to the tremendous figures of 1999/2000 of around 75%.

Without a doubt Paris is a magnet for tourists and business people alike. It boasted the biggest exhibition centres in Europe in 2005 and is set to take back that title shortly. It hosts major trade shows throughout the year and in 2005, figures showed that there were 14.9 million business tourists. There is an overwhelming demand for short term accommodation and therefore huge potential for business and tourism residences, particularly under a leaseback scheme.

Paris is a city of culture, charm and sophistication. It has been wooing visitors for years. It also has a growing economy and with its new President, Nicolas Sarkozy set to formulate plans to promote property ownership by providing tax breaks of around 5 billion euros to encourage home ownership, the whole market place offers unsurpassed opportunities for rental return and capital growth.

Nova Park is a brand new development, just five minutes from central Paris, offering excellent accommodation to visitors and business travelers, making it perfect for property investors.

Nova Park is in Villejuif, a dynamic town of individual suburbs with direct transportation links via Metro or RER train into central Paris in just a few minutes. The apartments are also close to Charles de Gaulle and Roissy International Airports with regular flights to the UK and Ireland.

This is a new build project comprising fully fitted and furnished apartments only minutes from the Congress Area of Villejuif and boasts shops, supermarkets, primary and secondary schools and a sports stadium. The development is to be part of six buildings set harmoniously around a landscaped garden covering more than an acre of ground. This walled garden, which will be planted with trees and include walking paths, will create a rare living environment in the heart of the residence.

For the investor, key factors are excellent location, strong management, guaranteed rental income up to 5%, and an immediate 19.6% discount off sale price as VAT is paid by the developer. This is affordable accommodation within minutes of central Paris. It is also ideal for those who work in the nearby companies of Sanofi-Aventis, L’Institut Pasteur, Chantelle Lingerie and Cegetel Services. Prices for studios are from 111,000 euros and one bedroom apartments range from 187,000 euros to 282,000 euros.

According to Julien Lu, Regional Director for IMOINVEST International, "With surveys showing a record figure of 14,946,849 visitors staying overnight in Paris for the business tourism sector in 2005, one cannot neglect the tremendous need for accommodation. There is, therefore, huge potential for business and tourism residences under leaseback schemes which we at IMOINVEST can offer."

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I AM NOT A TOURIST
Expatica.com Welcome to France Fair
October 14th, 2007
Carrousel de Louvre, Paris
http://www.expatica.com/welcometofrance/

New to France or looking to make the most of expatriate life?

Get the information you need from companies and agencies specialized in expatriate services, from banks, investment firms and insurance companies to schools and tax agencies. You’ll find information on house hunting, finding a job, immigration and permits, sta

ying long-term,
and much more.

Meet the people who make expat life great, including the top clubs and associations, travel agents and sports teams.

Explore the expatriate life and your ambitions – higher education, career opportunities, your own business, travel and lifestyle possibilities. Every year, thousands of international managers and employees arrive in France. The I AM NOT A TOURIST Fair answers the 101 questions you have about living here, in a unique environment where you can meet the right people face to face.

News:

Expatica is proud to announce that Sir Peter Westmacott, the newly arrived British Ambassador to France, will be on hand to give the opening ceremony at the Fair. We are thrilled to have Sir Westmacott participate in our event and thank the British Embassy for their continued support.

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French Property Insider to be Aired on House Hunters International!!

New Dates and Times!

Settling Down in Paris

Angela and Ben met in 2003 when they lived in Los Angeles working for the same clothing company. Now, the two are engaged to be married. When Ben started receiving frequent overseas work, the company believed he’d be more valuable in Paris, so they happily relocated. They immediately moved into a cozy rental in the 17th district near the Arc de Triomphe and started to explore the different neighborhoods of Paris. The pair is now ready to take the big leap and purchase an apartment to stay for good. Real estate agent Adrian Leeds is enlisted to help.

GUESTS:
Adrian Leeds
Property Search Consultant, Adrian Leeds Group
Web site: http://www.adrianleeds.com/frenchproperty/consultation

Episode HHINT-402
http://www.hgtv.com/hgtv/shows_hhint/episode/0,2756,HGTV_24956_50766,00.html

AIR TIMES:
• July 20, 2007 10:30 PM ET/PT
• July 21, 2007 2:30 AM ET/PT

Editor’s Note: Be sure to read the entire story about Ben and Angela on FPI issues: http://www.adrianleeds.com/frenchproperty/insider/members/content/pastissues/FPI_April_6_2006.html and http://www.adrianleeds.com/frenchproperty/insider/members/content/pastissues/FPI_June_22_2006.html

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Living and Investing in France Real Estate Conference
July 7-8, 2007
An Alliance Française of San Francisco Special Event!

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 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 afternoons in San Francisco will point you in the right direction to make it really happen! Includes cocktail reception Saturday evening followed by an optional dinner with special guest speakers.

ONLY A FEW SEATS LEFT! For more information visit http://www.adrianleeds.com/frenchproperty/conference/LIF_SF_AF_July_2007/home.html or email info@adrianleeds.com/parlerparis

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

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

FPI Offers More Relocation Solutions!

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

Download Complete Brochure
http://www.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

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

The next gathering is July 3, 2007, as Adrian Leeds will be in San Francisco hosting the Living and Investing in France Real Estate Conference, but normally every second Tuesday of the month.

 

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HOT PROPERTY PICKS: Loire Valley Living

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

*** Loir-et-Cher, Art Deco Manor, approx. 350m²

In the Loir-et-Cher, 180 kms south of Paris, a beautiful Art Deco style manor built in 1928 classified ISMH (listed historical monuments) interior and exterior. The Manor sits on a summit overlooking the Loire valley and river and includes beautiful original details — Lalique style windows, mosaic, cast iron, doors etc. It is comprised of a stylish entrance with period staircase and mosaic floor, salon with fireplace opening to the terrace, dining room opening to the terrace, kitchen, office, library, guest toilet, 3 bedrooms, 3 bathrooms, an office, balcony off the master bedroom, laundry room, cave, and the attic contains a housekeeper bedroom with access to the solarium. The grounds are 7500m² of landscaped park with centenary old trees.

Asking Price: 650,000 € + 2.5% Finder’s Fee

*** Pays de la Loire, Castle, 20+ rooms, approx. 700m²

Charming castle of the 18th and 19th centuries, offers a beautiful reception hall, 2 living rooms, billiards room, library, office, dining room, 11 bedrooms plus 6 bedrooms for staff, plus outbuildings with garages, stables, kennels and housing. Lovely park of approx. 7 hectares, bordered by a river.

Asking Price: 865,000 € + 2.5% Finder’s Fee

*** Pays de la Loire, Castle, 20 rooms, approx. 800m²

At the borders of the Loire Atlantic and Haute Anjou, this castle is only fifteen minutes from the city and all of its amenities. Offers a living space with large reception rooms featuring parquet floor, chimneys, 10 bedrooms, in good condition. Potential for extension on the second floor. Large outbuildings of approx. 500m². Very beautiful park of 20 hectares with numerous flowers, meadows, vegetable garden closed off by walls, groves and 3 ponds.

Asking Price: 1,619,000 € + 2.5% Finder’s Fee

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"Verdana">Paris Auctions
http://www.encheres-Paris.com

Next Sessions: June 26 and July 3, 2007 at 1:30 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 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:
http://www.adrianleeds.com/frenchproperty/insider/members/content/articles/auctions1.html

June 26 at 1:30 p.m.

3 room duplex 93,90 m²
8 rue François Miron
75004 PARIS 4th
Opening Bid: 633,750 €
Deposit: 127,750 €
3 rooms 64,10 m²
28 rue Jacob
75006 PARIS 6th
Opening Bid: 449,000 €
Deposit: 89,800 €
2 rooms 58,72 m²
173/175 boulevard Murat
75016 PARIS 16th
Opening Bid: 260,000 €
Deposit: 52,000 €

July 3, 2007 at 1:30 p.m.

House 237 m² with land of approx. 90 m² + 2 parking spaces
30 rue de Crimée
75019 PARIS 19th
Setting price on a higher bid: 919,600 €
Deposit: 183,920 €
3 rooms 47,67 m²
8 bis rue Amyot
75005 PARIS 5th
Opening Bid: 320 000,00 €
Deposit: 64 000,00 €
Building, 1,640,59 m², partly rented, on land of 631 m²
11 rue Euryale Dehaynin
75019 PARIS 19th
Opening Bid: 4,000,000 €
Deposit: 800,000 €
2 rooms 52,8 m²
118 avenue Félix Faure
75015 PARIS 15th
Opening Bid: 220,000 €
Deposit: 44,000 €
6 rooms 178,4 m² + 2 maid’s rooms
17 avenue Niel
75017 PARIS 17th
Opening Bid: 850,000 €
Deposit: 170,000 €
3 rooms 45,31 m²
5 rue Fondary
75015 PARIS 15th
Opening Bid: 190,000 €
Deposit: 38,000 €
4 rooms 84,05 m² rented
38 rue Lucien Sampaix
75010 PARIS 10th
Opening Bid: 315,000 €
Deposit: 63,000 €


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

RESIDENCE LES VIOLETTES
France, Center / South, Coulounieix Chamiers

Studio 25m² to 25m² €69,000 to €69,000

One Bedroom 38m&su

p2; to 38m² €90,000 to €90,000

e="Verdana">Two Bedrooms 61m² to 65m² €134,000 to €143,000

NEW LISTING

Guaranteed Buy to Let – Leaseback

GUARANTEED RENTAL INCOME UP TO: 5.00%

THE HEART OF AUTHENTIC FRENCH COUNTRY

Leaseback residence situated in the peaceful neighborhood of Perigueux on the banks of the river Isle, which winds through the length of the Dordogne region, only 45 minutes from Bergerac and 1h20 minutes from Bordeaux. This Leaseback residence boasts an excellent placement in the residential neighborhood of Coulounieix Chamiers close to 3 different airports with easy access from the UK as Bergerac Airport is only 45 minutes with flights from Birmingham, Bristol, East Midlands, Edinburgh, Exeter, Leeds, London Gatwick, Liverpool, Manchester, Stansted and Southampton airports. In addition, this area is only a few minutes away from the centre of Perigueux, the capital of the Perigord.

This is a 3 star residence comprising 80 fully furnished studio to 2 bedroom apartments with parking or garage included. This is a very secure development offering excellent residence facilities including outdoor heated swimming pool overlooking the river Isle, a restaurant area and a bar. All fully furnished apartments offer either a terrace or balcony and exceptional views. The residence will have an elevator and will be handicap accessible.

The residence will be managed by France’s top tourism management company guaranteeing rental income and taking care of all tenant issues. This is a sound and stable investment opportunity in the highly sought after Dordogne region of France. This area has an extremely high tourist appeal offering a rich and authentic culture and excellent French cuisine, truly the perfect property investment to add to your portfolio. The expected completion is set for June of 2009.

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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.

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 Guides Have a New Home

Insider Paris Guides started almost 10 years ago with the idea of creating an online electronic regularly updated listing of my favorite good-value restaurants. I wrote it one summer, listed 50 Paris restaurants and we called it the Leeds Good Value Guide to Paris Restaurants. It sold from the moment it hit cyberspace and over the years, guides were added to the roster. Today there are four guides:

Good Value Restaurants

You don’t need to be rich to dine well in Paris – you just need to know where to go. Enjoy fabulous three-course meals with wine for just $20 to $30, including tax and tip. Explore more than 200 hand-picked great-value restaurants.

Living in France

France may seem familiar, but nearly everything … from paying taxes to having a baby … is done quite differen

tly. G
et the practical answers to nearly 300 questions about making a life in France.

Expat Writers

Are you, like so many great writers past and present, drawn to and intoxicated by the City of Light? Discover the ins-and-outs of literary Paris whether you are a novelist, journalist, poet or just a dreamer.

Black Culture

This is the first guide of its kind, devoted to understanding and exploring the rich Black culture and vibrant Black community in Paris. Make the most of Paris’s multicultural sites, sounds and tastes.

Bastille Media took over the publishing responsibilities of the Insider Paris Guides this month and yes(!), we will continue to offer a discount to FPI subscribers.

The discount will be 10% off any guide and up to 25% off the entire
purchase (if two or more guides are purchased at the same time). But
the way you as a subscriber to FPI will take advantage of the discount has changed a bit. 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 APARTMENTS
http://www.adrianleeds.com/parlerparis/apartments
Email: apartments@adrianleeds.com/parlerparis

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

Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!

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

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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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