Turning Up the Heat on Paris and the Euro



Spring Geraniums Overlooking Rue de Saintonge

Turning Up the Heat on Paris and the Euro

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

Click here for Community Calendar #158

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Wednesday, April 25, 2007
Paris, France

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Join Us in Paris, Under the Shadow of the Eiffel Tower, and
Discover the City of Light in a Way You Never Could as a Tourist
May 16 – 19, 2007

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The Ultimate Travel Writer’s Workshop AND The Ultimate Travel Photographer’s Workshop

Over Four Power-Packed Days this May, you’ll…

* Discover the secrets of becoming a successful travel writer or photographer from a group of the best writers, editors, and photographers in the business…

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* Walk away with a short publishable article or photos in hand… and the contact information for editors we know who are happy to work with you, even if you’ve never sold a story or photo before…

Visit: http://www.thetravelwriterslife.com/paris07/09 for more details. Spaces are limited.

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Dear Parler Paris Reader,

I can’t ever remember an April like this one. For several weeks now, Paris has been experiencing Summer-like weather at a time of year when we’re usually still in sweaters and definitely in raincoats. Yet, everyday has been sunny and warm — the thermometer is pushing close to 30 degrees Celsius (86 degrees Fahrenheit) and predicted to remain this way for the rest of the week.

This must be part of global warming (“réchauffment de la terre”) and while we bask in the unseasonable sun enjoying the warmth and tanning rays, I am fearful for what might follow. Anyone who thinks it’s all a hoax should take a look at my window boxes as proof. The winter was so mild this past year that my geraniums never suffered the cold and have come back in full force with happy blossoms. I am already preparing to head to Darty to purchase an air conditioner for “Le Provençal” so the vacation renters can beat the heat that is sure to befall us.

Meanwhile, the rate of exchange has passed the $1.35 = 1€ mark, just like the temperature passing the norm. Someone asked yesterday if the Euro would ever come down to a more reasonable level and I realized that his point of view was reversed — it’s not that the Euro should come down, but that the dollar should come up! The question I hear over and over again is, too: Does it affect property purchases? And the answer is both negative and positive.

If you’re buying in dollars, then yes, it can affect your buying power, but on the other hand, anything you own in Euro value is now worth more in dollars — so it’s more worthwhile owning real assets in Euro value than dollar value, n’est-ce pas?

One important point to make, too, is that if property is purchased with a mortgage, then only the down payment (normally 20%) and the taxes and Notaire fees (about 7.5%) will be transferred at the current rate of exchange. Even that can be more controlled by using a currency broker such as HiFX that will save about half the transfer commissions. They also provide a “buy forward” service that allows you to convert the funds while the rate is best and hold them for future transfer.

Remember, that if the property is rented, then rental rates should be in Euro value, too, so that the mortgage and any profits are not affected by the rate of exchange. So, the bottom line is that the rate of exchange can be both a deterrent and an incentive to invest in real estate in Euro currency. From the way the market continues to move and the prices continue to climb, it hardly seems to frighten away the savvy investors.

Just yesterday, under the blue skies and in the warmth of the unseasonable sun, and in spite of the rate of exchange, three properties in Paris were designated to change hands: One spacious, sprawling and sunny three-bedroom apartment on rue Charlot for which the Promesse de Vente was signed; one luxurious penthouse on the Ile Saint-Louis with a view on Nôtre Dame, for which the offer was accepted (at the highest price per square meter I’ve ever experienced!) and my own next little pied-à-terre with a terrace (to be named “Le Saint-Tropez”) located in my own building for which the date was finally (1.5 years later) set to sign the Promesse de Vente (May 11th).

Happy Day!

nt size="2" face="Verdana, Arial, Helvetica, sans-serif">A la prochaine…

Adrian Leeds

Editor, Parler Paris

Express Yourself. Click here to comment on Parler Paris…

P.S. Watch your inbox for an announcement this week about the upcoming Living and Investing in France Conference July 7 and 8 in San Francisco!

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Calendar #158
Wednesday, April 25, 2007
Paris, France
/parlerparis/calendar.html

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The Parler Paris Weekly Community Calendar is a partnership with http://www.Paris-Update.com to provide you with the most up-to-date information about upcoming events related to the Anglophone community in Paris.

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

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

Thank you, Adrian

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Your move to Paris can be hassle-free

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Moving to Paris? Our experienced relocation expert will help make your move easy and hassle-free. We offer complete property consultation and search services…visit
/frenchproperty/consultation/propertyconsultation.html or email fpi@adrianleeds.com

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


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What is Wealth Tax?
By John Howell, Partner in The International Law Partnership

http://www.JHCo.org

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This Week in French Property Insider…

Taxes in France for Non-residents, Personal taxes – Impôt de Solidarité sur la Fortune ISF – (Wealth Tax) – A person resident in France for tax purposes and non-residents with substantial assets in France, must, every year, submit a wealth tax return...FPI Subscribers Read On…

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

For more information visit /frenchproperty/insider

Or click here to subscribe now!
frenchproperty/insider/members/signup.php

Special Offer for FPI Subscribers only…

FREE Group Consultation or Conference Call with “Buy Property in France” Experts on “What’s Hot and What’s Not…An Insider’s View on Where to Buy Property in Paris”

Not an FPI subscriber? You can attend the Group Consultation in Paris for 50€…or subscribe now for $49.50 and attend for free!

For more information visit: /frenchproperty/conference/

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The Writing Salon and Other Adventures
With James Navé

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Join the Writing Salon, and experience the power of the imaginative storm!

Spend six days flooded by originality, experimentation, pa

ssion, and the alchemy that occurs when writers come together to share the joy of writing. Each Writing Salon is a lacuna in time: a place where you can leave your everyday life behind and take refuge in magnificent landscape, amazing conversation, great food, and an atmosphere crackling with creative spontaneity.

To find out more about Writing Salon workshops in the U.S. and Europe, visit /frenchproperty/conference/ or contact James Navé at email: info@thewritingsalon.net

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You can trust the team at Parler Paris Apartments
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PARLER PARIS APARTMENTS
/parlerparis/apartments
Email:
Apartments@AdrianLeeds.com

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.

ENJOY SPRINGTIME IN PARIS!

Ask about our lowest rates on last-minute rentals in May on Le Provençal, Attic Lumière, Panthéon, Burgundy and more!
Email: Apartments@AdrianLeeds.com

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We wanted better guides.
So we wrote them.

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Insider Paris Guides are a series of electronically published, downloadable guides about Paris and France written by journalists and writers who live and work in, and love, Paris.

We cover specific, niche-interest topics that are difficult to find anywhere else. Get an insider perspective on Restaurants… Making a Life… Black Culture… Expat Writers…

For more information, visit http://www.insiderparisguides.com

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Parler Paris Après Midi
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Come for a drink and to meet and chat with other readers in Paris:
/parlerparis/apresmidi.html

The next gathering is May 15, 2007, due to the holidays.

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


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Parler Parlor French-English Conversation Group
http://www.parlerparlor.com/
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Practice speaking French and English. Make friends, discuss interesting topics, learn about other cultures, progress in understanding and speaking, naturally and easily. Meets three times a week — come as often as you like!

MARAIS LOCATION
* Tuesdays 6:30 to 8 p.m.
Upstairs at La Pierre du Marais
96, rue des Archives at the corner of rue de Bretagne, 75003
3rd arrondissement, Paris
Métro Temple, République or Arts et Métier

AT EUROCENTRES
* Wednesdays 2:30 p.m. to 4 p.m.
13 passage Dauphine (entrance between rue Dauphine and rue Mazarine), 6th arrondissement
Métro Odéon, Saint-Michel, Pont Neuf

New Saturday Location: To Be Announced! Watch your emails or visit http://www.parlerparlor.com for the new Saturday location coming soon.

CLOSINGS

Parler Parlor is open all year long except for national and religious holidays and the week between Christmas and New Year’s

Closed May 1 for Labor Day.
Closed May 8 for Victory Day.

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