Step into another one of our designer apartments by the well-known Interior Architect, Martine di Matteo, featured on HGTV’s House Hunters International with Adrian Leeds. The episode relates the amazing transformation of a neglected “depot” -- a storage unit (!) -- into a brilliantly-designed and charming studio with a mezzanine and attention paid to the smallest details. We've named it the "Le Petit Loft de Paris."
FREE one-hour consultation! Guests of Parler Paris Apartments or Parler Nice Apartments who are considering the purchase of their own "pied-à-terre" for pleasure and profit, can take advantage of a free one-hour consultation while enjoying the apartment in the City of Light or on the Riviera. Simply complete the request form to book your consultation.
Bonjour French Property Insider Subscriber,
As the official summer season is upon us, as of tomorrow (Bastille Day), when France begins to think of itself as "on vacation," the real estate industry is scrambling to complete their transactions and ride out the summer with little to do until "La Rentrée" when the new work year begins. We have all been very busy getting the purchases and sales complete before tomorrow when we will be picnicking and enjoying the fireworks.
Agencies, buyers, sellers and Notaires will all head for the beaches, the hills or their travels beyond their home turf to take advantage of summer and the low work period. Meanwhile, foreign buyers who make this their vacation spot, aren't deterred, as this is also their time to reflect on making a property purchase. But that doesn't coincide with life on the European plains. I've had to explain more than once that their summer vacations in France are the worst time ever to look for properties -- since none of the key players are to be found and the inventory of property is at an all time low.
Still, that being said, those properties on the market at this time are there because the sellers seriously need to sell them NOW and bargains can be had at this time of year. That doesn't make it easier, though, since completing a transaction will be more difficult working around the fact that so many offices will be closed.
I am headed to Nice this coming Tuesday for five weeks in the south of France, just like the French who take their long "séjours." This is the first time in all these years that I've succumbed to the tradition of letting it all go, or at least a part of it. Being in Nice doesn't mean I won't be working! "Au contraire," I expect it will be just as industrious as usual, with a peppering of beach time and an excursion here and there to get to know the Riviera neighborhood better than I already do. There is so much to discover in this part of France and even though I have a second home there, there has never been enough time to really fully explore it or meet more of the Americans living there.
As readers, you will benefit from my time there as I report my findings. We have several clients purchasing property in Nice and in the other nearby enclaves. Americans are finally discovering, too, how desirable this part of France can be for a second home. Prices are half of what they are in Paris and the stringent rental laws not yet applicable.
The Chambre de Notaires offers a part of their official website in English and reports on property prices all over France. In their last report from earlier in the year, the sales of older properties continued to rise, showing that the market is buoyant thanks to low mortgage rates and continuing tax breaks. Prices are rising across the country, and in particular, in the other major cities of France:
- between 1% and 2% in Reims, Dijon, Nice and Tours; - between 2% et 5% in Rennes, Toulon, Aix-en-Provence, Lille, Montpellier, Nantes, Grenoble, Besançon and Brest; - more than 5% in Lyon (+6.2%), Strasbourg (+6.8%) and Bordeaux (+11.2%).
"In Nice, over a period of 15 years, we see that the most expensive properties are concentrated along the coastal strip, henceforth on the section of the Promenade des Anglais between the Negresco and the Saleya market, the heart of the city center and the harbor district, Mont Boron and the Col de Villefranche. The trend in the graph does not however necessarily reflect a fall (or rise) in prices in absolute value in the districts in question, but points to the districts where price rises (or falls) are observed in relative value, from one district to the next. If a property has maintained its value over the past 15 years, whereas has increased and exceeded that level in other districts, it is shown in a lighter shade in the graph."
P.S. You have another chance to see "Two Bedrooms in Paris," the latest episode of ours to air on House Hunters International. Watch it or set your DVR for 7/14 at 10:30 pm ET or 7/15 at 12:30 am ET. Don't miss it!
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.
This luminous and spacious apartment has become another “must visit” during your trip to Paris. Located in a much sought-after part of Le Marais, you will appreciate the calm and quiet of its building. The focal point of the apartment is its “double séjour” – an extra large living room and dining room combination, which can be divided from the rest of the apartment with sliding, custom etched, glass panel doors.
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