Le Palace des Vosges - Media

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Seductively French films at Palace des Vosges(pdf)

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Featured in Maison et Chic, July 2011 issue

(Click here to download the full article - PDF)

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Press Release: As Paris real estate prices continue to rise, fractional ownership in the capital city is a safe bet

FOR IMMEDIATE RELEASE

AS PARIS REAL ESTATE PRICES CONTINUE TO RISE, FRACTIONAL OWNERSHIP IN THE CAPITAL CITY IS A SAFE (AND SMART) BET

Buyers from emerging markets compete for a limited number of properties in a city where luxury-home prices have seen a dramatic increase in value in the past twelve months

PARIS, FRANCE – (June 15, 2011) – With all indications that the U.S. dollar will continue to weaken, many Americans are searching for ways to protect their assets and stop the decline in their investment portfolio. Real estate is generally considered a safe investment, but since the recent economic crisis, this is no longer the case throughout much of the United States. In other countries such as France – and especially Paris – the real estate market continues to thrive, showing consistent double-digit growth.

According to the May 26, 2011 property price report issued by the Notaires Paris-Ile-de-France, real estate in Paris has increased by 20.8% between the first quarter of 2010 and first quarter 2011, making an investment in Paris real estate a safe bet for those who want to stabilize their portfolio and diversify their assets by investing in the strong euro currency.

Purchasing Paris property is one way to take advantage of the strong real estate market and currency, but, as prices in the Capital have risen, opportunities for smaller investors have declined.  A viable option for those with less capital is fractional ownership. A hybrid of direct ownership and time sharing, fractional ownership investors purchase a share and jointly own a single property whose value can easily be determined on the open market.

“Fractional ownership is one of the most affordable ways to make a euro investment, while being able to enjoy the use of a property in Paris, one of the world’s most beautiful and popular cities,” states Adrian Leeds, American founder of the Adrian Leeds Group, LLC and a Paris-based expert on living, investing and purchasing property in Paris and France. “The declining dollar means that people who want to purchase in Paris have less to spend. With fractional ownership, people can make an important investment in a euro asset at a fraction of the cost.”

There are several fractional ownership properties on the Paris market developed and marketed by Americans, for Americans. The most luxurious is known as Le Palace des Vosges. Located in the famous 400-year-old square, Place des Vosges, it's considered the best address in Paris, right in the heart of the city and Le Marais. The apartment, featured with 23 pages of four-color photos in the July 2011 issues of “Maison Chic” (France) and “Casa Chic” (Italy), was once stables, then a carriage house, then storage-turned-residence. In 2009 it was transformed by Paris interior architect and designer Martine di Mattéo into an 872 square foot (81 square meter) luxury fractional property with two bedrooms, two-and-a-half baths, including a spacious living/dining room, open gourmet kitchen with huge 400-year-old beams, château-like stone tiled floors, four-meter high ceilings. Di Mattéo furnished it in country château-chic style, marrying antiques with reproductions to provide style, ultimate luxury, comfort and convenience. Access into the apartment is directly from the courtyard at number 9 Place des Vosges, two large green doors adjacent to the Michelin three-star restaurant, L'Ambroisie, and is bordered by hedges to create a small usable patio. Two garages (one for storage, the other for housing a vehicle) are on the premises for use by the owners.

Since the property was purchased and developed in 2009, the value has increased by 35%; however, the share prices have not. This means those purchasing now will have already realized a substantial return on their investment. An owner has the advantage of sharing in a large and luxurious property in Paris to enjoy for four weeks per year for half the price of purchasing a 215 square feet (20 square meter) studio, and without the extra time and expense of renovation.  Seven shares of Le Palace des Vosges remain available.

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