What’s Hot and What’s Not
Friday, September 3, 2004
Safe, Hassle-free Returns in the World’s #1 Tourist Destination
There’s no safer or easier way to get into the international real estate market than the French leaseback program–you can own highly desirable real estate, at a huge discount, with guaranteed returns. Plus, you get up to 95% financing.
For the full report on how to put the most powerful real estate secret in the world to work for you, click on this link
Dear Parler Paris Reader,
Last week, the Nouvel Observateur reported thoroughly on the latest statistics regarding the property market in the Ile de France (first quarter 2003 to first quarter 2004) at the same moment by coincidence as I had in last week’s French Property Insider. (The Chambre de Notaires makes this information public on their site at http://www.paris.notaires.fr/.) It details the average price per square meter and the evolution of the average price for each arrondissement, for each “quartier” within each arrondissement and all the other outlying suburbs of Paris for properties sold that quarter.
The twists and turns of what’s hot and what’s not in Paris is forever fascinating and sometimes unpredictable. I am student of the trends, not so much of the prices as they increase (or decrease, although rare), but of the changes in the city which would affect the flow of the tides.
What’s hot? One through four. The 1st arrondissement and the absolute center of the city with the renovation of Les Halles pending is booming — up 15.3% in one year. The 2nd, with its pedestrian streets and charming market street (the oldest in the city — rue Montorgueil), is gentrifying with lightning speed, driving out the red light district (rue Saint-Denis) and getting too chic for its own hot pants — up 14.1% in one year. My own “petit coin,” the 3rd, the non-touristic part of Le Marais, where rue de Bretagne is getting a major face-lift (widening the sidewalks and installing 60 trees) is still on a steady rise with a 14.5% increase in one year (yeah!). Last quarter, the 4th, the historic heart of Paris, saw less of an increase than this period, but it’s back and on fire with an increase of 14.4% in one year. Property around Place des Vosges and along the quais is both dear (hard to come by) and “cher” (expensive — 13,000 per square meter).
Other parts of the city are showing even higher increases, but their average price per square meter is still low by comparison and fit mostly for full time residential living (not great for a pied-à-terre you can rent out as a vacation apartment). The 11th, 12th and 19th showed gains of 18.4% plus. Buy up an apartment in a beautiful Haussmannian style pierre-de-taille around Gare de Lyon for about 4000 Euros per meter and watch it grow in value more than 20% a year!
What’s not? The 6th, 7th and 16th. Even though they are the priciest spots in town, value isn’t rising as much as others with an increase of 7.1% in the 6th, 7.9% in the 16th and no increase at all in the 7th. The lack of interest in France by the American market could be affecting these three neighborhoods that have traditionally been the favorites of the American community in Paris.
So, where should you buy, if you were to have that little foothold in Paris you’ve always dreamed of? No question. If you can afford it, the center — arrondissements 1 through 4. If you want to cash in on a great investment a few years down the road, buy where the prices are lowest and appreciation is highest, 9 through 20 except for 16. If you have plenty of money and expect your kids to inherit it, go for broke in the chic 6 through 8 and 16th.
With central Paris showing such remarkable gains in appreciation and still performing as viable rental property, we bring you some of the most luscious and spacious properties we’ve come across in a long time! Be sure to scroll down if you really want to drool and dream.
I tell you about this now, because I’d be interested in hearing how you would react to such a possibility and what benefits you’d like the visa to offer. I’ve got a connection in the French administration that might be willing to hear about my crazy plan. Please write me at Info@AdrianLeeds.com with your comments.
A la prochaine…
P.S. It’s not too late to pack your bags for DC and meet with the incredible line-up of presenters at the Living and Investing in France Conference next weekend. I’ll be writing next week’s newsletters (except for Labor Day) from the Capital…Paris’ sister city that reminds us so much of Paris. For more information and to register, click on /frenchproperty/conference/LIF_DC/LIF_DC_home.html
P.P.S. Your next FPI will be coming from a diff
erent sender named ParlerParis@prioritymailer.net. Please update your “white listing” rules if you have any. Thank you.
Each week Paris Property Picks 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 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 /frenchproperty/insider/propertyconsultation.html
Rue Descartes, in an old building, 3rd floor, living room, two bedrooms, bath, charming, sunny, quiet.
Asking Price: 259,158 Euros + 2% Finder’s Fee
Surface: 60 m²
In an old building, a dublex on the 5th floor with an elevator, living room with fireplace, room on a mezzanine, foreseeable work to be done, view, sunny, quiet.
Asking Price: 215,000 Euros + 2% Finder’s Fee
Surface: 122 m²
Pierre de taille building, loft with character, large living room under a glass ceiling, three bedrooms, parking, charming, quiet, original.
Asking Price: 548,805 Euros + 2% Finder’s Fee
*** PARIS 3 – ARCHIVES NATIONALES
Surface: 125 m²
View on the gardens of a hôtel particulier, double living room with balcony, three bedrooms, two baths, perfect condition, parking, closets, southfacing, quiet, greenery.
Asking Price: 725,000 Euros + 2% Finder’s Fee
* Further resources:
Meet and chat with other readers in Paris: Parler Paris Après Midi
Buy and sell with Parler Paris classifieds: Advertise
Read past issues of Parler Paris: Archives
Post your message: Bulletin Board
Write to Adrian Leeds to tell us anything
Know someone who would be interested in the opportunities in Parler Paris? Forward it for FREE to your friend, relative, or associate.
Keep Parler Paris coming to your mailbox. If you enjoy reading Parler Paris, help us out by “white-listing” our service…before its delivery is interrupted.
A big thanks in advance from your faithful Parler Paris team.
You may also unsubscribe by clicking on: Unsubscribe
Copyright 2006, Adrian Leeds®
What’S Hot And What’S Not
This entry was posted in 2004, Parler Paris and tagged Adrian Leeds, Adrian Leeds Editor, Adrian Leeds Group, apartment, appreciation, average price, beautiful haussmannian style, central paris, desirable real estate, diff erent sender, double living room, French debit card, French Property Insider, Hassle-free Returns, hot pants, investment, LYCÉE HENRI IV, m² rooms, non-resident property owners, Nouvel Observateur, Old Building, outlying suburbs, PARIS 3, paris property picks, parler paris, Parler Paris Après, Parler Paris classifieds, Parler Paris E-mail, parler paris reader, Parler Paris team, Photo collage thanks, place des vosges, powerful real estate, Property, Ray Ruiz, real estate, real estate agency, real estate market, red light district, rue, Rue Descartes, rue grenata, rue montorgueil, rue montorgueil district, square meter, upper left corner, viable rental property. Bookmark the permalink.