The first time I saw it was a few years ago when a friend was renting it for his vacation in Nice. It's a spacious one bedroom apartment in the heart of Vieux Nice on rue Droite, across the street from the famous and well-visited historic Palais Lascaris!
The palace is a 17th-century aristocratic building and is currently a musical instrument museum with a collection of over 500 instruments -- which makes it France’s second most important collection. Visitors flock to it daily, and to have a perfect view on its magnificent facade is a small piece of Côte d'Azur historic heaven.
The apartment opposite the Palais is on the first floor (just one flight up) with a large living room/dining room/kitchen and spacious bedroom plus bath with a shower. The ceilings are so high that it makes the apartment feel much larger than its 39.6 square meters (426 square feet).
This very special apartment is for immediate sale. It is move-in ready and rental-ready! All furnishings are included in the purchase, too...so there's nothing for you to do but unpack your bags! In a location as incredible as this for short-term rentals and at the asking price of a mere 225,000€ (all agency fees included), an investor or new home-owner can't go wrong.
Note: The only additional costs are the Notarial taxes and fees, about 7%. Amazing, right?!
Sales activity is accelerated and prices are on the rise in the whole of the Ile-de-France. The following report is by the Chambre de Notaires de Paris from yesterday:
According to the notaries of Paris-Ile-de-France, real estate activity was further accentuated in the first five months of 2017 in Ile-de-France. The buyers remained insensitive to the run-up of the presidential election in France and took advantage of the very low interest rates.
Price increases intensifying and spreading throughout the region. The business prospects of French real estate remain good, despite a market very dependent on interest rates.
- Price increases of 2 to 7% expected in July 2017
Quarterly price increases are becoming a little more vivid in many market segments and amplifying the annual rise in prices of apartments and houses.
In the 1st quarter of 2017, the INSEE indexes show that the prices of apartments increased by 4.5% in one year in Ile-de-France, pulled by the rise in Paris (+5.5%).
Annual developments are more moderate for houses (+2.4% in the Ile-de-France).
- Price per square meter of a resale apartment in Ile-de-France: 5,490€
The price of Paris apartments has risen by 4.5% in one year. Thus, at the end of March 2017, to buy an apartment in the area, it was necessary to count 5,490€/m².
The price increase of the apartments was more sensitive in Petite Couronne than in the Grande Couronne. Thus, in the Petite Couronne, the price of an apartment is 4,400€/m² (+4.2% in one year), and 2,950€/m² in the Grande Couronne (+2.7% in one year).
Prices range from 2,590€/m² in the Essonne and 5,360€/m² in the Hauts-de-Seine.
- 295,700€ to buy a house in the region
A house in the Ile-de-France cost 295,700€ at the end of March 2017. The price change is substantially the same between the Petite and the Grande Couronnes.
In the Petite Couronne, the price amounts to 348,100€ (+2.5% in one year), and is set at 273,600€ in the Grande Couronne (+2.4% over one year).
The prices of the houses range from 573,000€ in the Hauts-de-Seine and 231,200€ in Seine-et-Marne.
- 8,450€ per per square meter in Paris on average
In Paris, the price per square meter reached 8,450€ (an increase of 5.5% in one year) over the 2012 record.
The price increase is widespread in the capital. Two years of rising prices have overcome four years of decline.
Thirteen out of 20 districts have experienced price fluctuations in excess of 5% per annum. The district having the most increased being the 8th (+11.8%). Only the 7th arrondissement saw its prices decrease by 3% in one year.
- More than 10,000€/m² in 7 districts including 4 to more than 11,000€/m²
Seven arrondissements of Paris now have prices per square meter which exceed the 10,000€ (1st, 3rd, 4th, 5th, 6th, 7th and 8th).
The 1st and 6th arrondissements are the most expensive of the capital with prices per square meter respectively of 11,740€ and 12,320€.
The 19th remains the only borough still under the bar of 7,000€/m² (at 6,910/m²).
The price difference between the most expensive and cheapest borough is 5,410€/m².
- The most expensive: Saint-Germain-des-Prés at 14,850€/m².
- The cheapest: La Chapelle at 6,370€/m².
The most expensive districts of Paris are located in the 6th and 8th arrondissements: Saint-Germain-des-Prés at 14,850€/m², Champs-Elysées at 14,510€/m² and Odéon at 14,050€/m².
The cheapest districts of the capital are the Chapel (18th) at 6,370€/m², Pont-de-Flanders (19th) to €6,430/m², and Amérique to 6,440€/m².
- The per square meter price reaches a record in Paris in July 2017
The advanced indicators on the preliminary contracts of the Paris notaires confirm overall trends upward on prices by the summer 2017. They will be stronger for apartments than for houses and they will moderate when we move away from the heart of the urban cores.
In July 2017, the price per square meter could approximate the record price of €8,800 in Paris, an annual change of +7%.
The annual increase will rise to 4.6% for Petite Couronne apartments, including 4.8% in the Hauts-de-Seine, and 3.4% in the Grande Couronne.
The annual price increases would remain more contained for houses.
- An increase in the number of sales throughout the region
The number of resale housing sales is advancing at an ever-faster pace. It increased by 38% in Ile-de-France when comparing the 1st quarters of 2016 and 2017.
With 44,200 transactions, the 1st quarter 2017 is 19% above the average level of the high-activity period from 1999 to 2007 and 39% above an average first quarter of the last 10 years.
- The level of interest rates will be decisive
For the moment, the prospects for activity remain well oriented and the Francilien market will continue to do well in the second part of 2017.
However, persistent fragility can halt the activity and make buyers reluctant.
Lower prices accumulated in recent years, even modest, helped to improve the solvency of households. The price increase has become widespread and is reducing this profit. In a context of purchasing power, the solvency of buyers will be based on the level of interest rates and on the ease of access to credit. From this perspective, the tax decisions of the new government will have an impact if they were increase or lower the tax burden.
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ADRIAN LEEDS GROUP APARTMENTS
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, Paris Sharing and me, Adrian Leeds.
Le Charles V is a beautifully appointed Marais studio located on the quiet rue Charles V, just steps from the charming Village Saint-Paul's art galleries and antique dealers. For location, this can't be beat -- as only two blocks away lies the Seine and the Ile Saint-Louis, Place de la Bastille is just steps away as well as the elegant Place des Vosges. Less than a five-minute walk brings you to the Saint-Paul Métro stop and numerous buses serve the area.
Step outside to a treasure trove in the heart of Le Marais...from savory to sweet. Start at the boulangerie, then move onto the fromagerie. Do as the Parisians do: dine in on gourmet take-out -- perfect roast chicken with potatoes along side. Don't forget to finish up at the patisserie. Want to go out? Discover the Marais' bistros and brasseries just moments from your front door.
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