An A+ Investment in Student Housing
Columbia University’s Reid Hall in Paris welcomes
American students and scholars from around the world
(FOR SUBSCRIBERS ONLY)
April 10, 2008
Bonjour French Property Insider Subscriber,
Last year, one of our clients had a "coup de foudre" (love at first sight) after having just stepped off the plane while visiting the first apartment of a line-up of candidate apartments. The goal: to purchase an apartment she and her husband’s daughter could live in while she was studying her third year of college abroad, here in Paris. That first apartment they found and fell in love with became theirs shortly thereafter. Their daughter moved in, found a roommate who would pay rent and they stayed happily this entire year.
The apartment became a perfect home for their daughter and a good investment…and is destined to become a profitable rental as well as a retirement home for their future. Thousands of smart parents are discovering that with an investment in property, not only can they more economically house their studying children, but with the returns in rents and appreciation, can ultimately pay for the college education they gave their children to begin with!
Today’s issue deals with this concept that so many have turned into a reality. Our client’s story is here for you to enjoy and from which to learn along with many others to complete the picture. If you have college-age kids thinking of spending any part of their education studying in Paris or elsewhere in France, then now’s the time to take advantage of the opportunity to turn what is traditionally an expense, into a revenue. Be sure to see the sample properties that might make perfect housing for your student!
We have good news for those of you interested in attending a Living and Investing in France Real Estate Conference…with three more scheduled this year: London, San Francisco and Paris! Scroll down to read more.
And if you missed us on House Hunters last week, the episode airs again in May, so mark your calendars.
Editor, French Property Insider
P.S. If you haven’t already registered to participate in the April 20th Conference Call: "How to Have Your Own Paris Pied-à-terre…and Let Someone Else Pay For It" with John Rule and myself, don’t waste another moment! Scroll down for more information, or to register and get the call details, email firstname.lastname@example.org
P.P.S. We had a smashingly good time at Tuesday’s Parler Paris Après Midi! Read all about it and see the personality portraits by visiting http://www.adrianleeds.com/parlerparis/apresmidi.html
Volume VI, Issue 15, April 10, 2008
* Investing in Student Housing Gets Top Marks
* Upgrade in Housing for University Students
* Student Housing Makes the Grade with Property Investors
* Upcoming Living and Investing in France Real Estate Conferences
* Free Conference Call for FPI Subscribers!
* French Property Market Still on the Rise
* Improving Your French Property
* French Property Consultation on House Hunters International
* Interest Rate Update from UCB
* Fractional Ownership Solution
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: May 13, 2008
* Hot Property Picks: Student Studios
* On the Auction Block: April 15, 2008
* Leasebacks: Academie de Montpellier, France, Mediterranean Coast, Vendargues
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — La Bonne Nobel
How to Get an A-Plus in Student Housing
By Adrian Leeds
So, your kid’s about to spend their third year of college abroad? Or have decided to do their studies somewhere in France to improve their French or broaden their horizons. If it’s Paris that is their destination, then not only is student housing scarce (be sure to read the following article!), but is expensive! Even the smallest "chambre de bonne" (servant’s quarters) on the 6th fl
oor of a "Haussmannian"
building of about eight square meters (less than 90 square feet) with no bathroom, could easily cost 500 euros a month and it’s not unusual for student housing to cost up to 1000 euros per month for simple accommodations.
The American University of Paris writes in their brochure: "The universities offer assistance in finding housing, but that’s as far as it goes. You may wish to venture out into the Paris real estate market on your own and not use the AUP Housing Office services. Finding housing on your own in Paris can be a real challenge as there is a very serious shortage of student housing. However, many succeed, and here are a few things you should be aware of…"
Smart parents, such as Jaye M., mother of Junior Year Abroad Student, Nina, decided the rent was better paid to their own mortgage instead of someone else’s! They purchased a two bedroom apartment in Le Marais that housed not only their daughter, but another student who paid them rent, which covered about one-half of their monthly expenses.
Jaye and her husband were thinking of purchasing in Paris even before Nina made plans to attend college there. They considered the property for investment purposes as well as for a place in which to retire. Nina’s need became a good excuse to take the leap, and a smart investment as an added benefit.
The roommate paid for about one-half of the expenses and Nina’s rental budget paid the other half. Meanwhile, the property is theirs and the rents go toward their mortgage and a valuable investment.
While Nina and her friend occupied the apartment prior to renovation, they acted as "Guinea pig" residents, learning the ins and outs of the apartment so that when it came time to make changes, they would be the smartest ones. It also gave Jaye and her husband a place to stay when they came to Paris.
Now that the year is ending, Jaye is planning the renovation to turn the apartment into a profitable short-term rental with future plans to retire to it someday. Already the benefits of ownership are so evident, that she’s seeking another, but this time, a small apartment for rental…perhaps a place they can stay when the two-bedroom apartment is occupied!
Student Housing in France to Get an Upgrade from the French Government Starting in 2008
In France, a shortage of housing for university students has long been an issue. A leading student organization in France estimates that there are currently only 156,000 rooms in university towns for 2.2 million students. As a result, students in France have had to resort to creative arrangements, renting rooms in strangers’ homes, exchanging their services for a bed, or are compelled to remain at home with their parents, limiting both their choice of university and their lifestyles.
But on Friday, February 15, Valerie Pécresse, Minister for Higher Education in France, and French Housing Minister Christine Boutin announced at a joint press conference on student housing the government of France would commit to the construction of new housing for 5,000 students and 7,000 restorations of current student residences per year over the next four years. The government of France will invest 620 million euros between now and 2012 in the project.
The first such commitment on the construction and restoration of student housing in France at this level had already been made with great fanfare by the Raffarin government in 2004, but this commitment was not upheld. In the Ile-de-France department of France, the issue of student housing is most acute, because of the shortage of available land and the preponderance of universities in the area (Ile-de-France includes Paris and its suburbs). To address this, the two French government ministers suggested organizing a conference on housing in Ile-de-France with the participation of all the players at the city and local levels.
In the 2008 budget, 155 million euros will be dedicated to the development of student housing in France, Mrs. Pécresse declared that over the next four years, that would total 620 million euros devoted to this issue. However, the level of investment in the project would always be subject to review each year vis-a-vis the total planned budget of France. Skeptics worry that student housing in France might be vulnerable in the event of any budget crisis or shortfall.
As a supplement to augmenting dedicated student housing in France, the French government voiced support for alternative housing, already an unofficial fixture in France, known as co-rental and intergenerational housing, in which French students and families or elderly people living alone in France seek each other out or are matched by a third party. Elderly French citizens and French families trade their spare rooms for help and companionship from a young French student. Intergenerational housing has begun to take off in France, though the concept originated in Spain. There are now private sector agencies in France dedicated to matching elderly French desiring company with students needing housing in France.
Considering the shortage of land in France for dedicated student housing, "It is necessary to consider new forms of student residences like co-location and intergenerational housing" agreed the two French ministers. They proposed a new specific lease for these arrangements, giving them official status in France. A "national approval" will be soon be studied, added the French Minister for the higher education.
One third of the students in France have difficulty finding housing, according to a study carried out in 2006. 42% of these young French people live
in family housing, including 37% with their parents. 31% of them rent in France, living alone or as a couple. Only 14% are in collective residences like dormitories, and 7% in a co-renting or intergenerational housing situation in France.
In a civil action across France a few days before, the national Union of the students of France (UNEF) called for 1 billion euros to be allocated toward the building of student residences in France. "In the absence of the means or assistance to rent housing, many students in France must stay in their parents’ homes, and choose their school according to geography and not their aspirations. The group urged the government of France to honor the original 2004 commitments on the construction and restoration of the student residences in France.
French Student Accommodation Market ‘Lucrative for Investors’
The student accommodation market in France may be a good option for people looking to invest in property, it has been claimed.
According to Savills, the French student accommodation market could prove to be lucrative for investors.
Lydia Brissy, associate director of Savills European Research, commented that, although French administration necessitates a lot of effort in terms of the buying process, it could be worth people’s while.
"Student housing is getting a very secure asset class with attractive yields prospects," she noted.
Ms Brissy added that places where demand is not satisfied by supply, such as Paris, Lille, Toulouse and Montpellier, could be particularly profitable.
The firm revealed recently that some 2.3 million people are in higher education in France and that investors could expect to see yields between 5.5 and seven per cent, depending on the region.
People looking to invest in such accommodation should be sure to acquire good storage for the property in order to appeal to students.
Adrian Leeds, of Parler Paris and French Property Insider and John Howell, The International Law Partnership, Present the…
Living and Investing
in France Real Estate Conference
Upcoming Conferences in 2008:
Date: June 22, 2008
Location: International Law Partnership Offices, Holborn Hall, 193-197 High Holborn, London WC1V 7BD
Times: 10 a.m. to 6 p.m. with buffet lunch
Limit: 25 attendees
Registration Fee: £147 1st person, £97 2nd person
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For more information, email firstname.lastname@example.org
Date: October 11-12, 2008
Location: Paris Chez Jenny
Times: To Be Announced
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FREE CONFERENCE CALL FOR FPI SUBSCRIBERS!
"How to Have Your Own Paris Pied-à-terre…and Let Someone Else Pay For It" with Adrian Leeds and John Rule.
Learn how to own your own piece of Paris at a profit! Adrian Leeds and Mortgage/Rental Manager, John Rule, will teach you how to have it all!…your own apartment in Paris that pays for itself through creative financing and a profitable rental business.
During this one-hour session Learn how Adrian started with $40,000 to buy her first apartment in Paris only eight years ago and turned that into $1.4 million value in property today! You will also learn how a tiny studio apartment, such as "Le Provençal," can generate as much as $48,000 rental income in one year (true!)…and how that success helped build a small portfolio of valuable properties by using someone else’s money!
Don’t miss this eye-opening session with Adrian, John and French Property Insider readers.
Date: Sunday, April 20, 2008
Time: 8:00 p.m. to 9 p.m. Paris time, 11 a.m. to 12 noon P.S.T. and 2 p.m. to 3 p.m. E.S.T.
Cost: FREE to French Property Insider Subscribers
Limit: 50 participants
Register: Email firstname.lastname@example.org
Europe’s Housing Markets: Standard & Poor’s Says Pain in Spain, Ireland and UK; Benign Outlook in France
By Finfacts Team
In a report on Europe’s housing markets, Standard & Poor’s says that it has been long in coming but finally, and overwhelmingly, markets are turning down. And in those countries where the housing bubbles have been expanding for longer, S&P believes the corrections could be severe and painful. Particularly at risk are the UK housing market, where the financial crisis is exacerbating issues of affordability and general economic gloom, and the Spanish housing market, which is coming to terms with a largess of new homes. At the same time, there are signs that housing in Ireland is becoming more affordable, while a combination of low indebtedness and fiscal stimulus should help support the market in France.
A Benign Outlook For Housing In France
The report says that according to calculations from the Organization for Economic Cooperation and Development, nominal house prices in France rose 208% between 2000 and the third quarter of 2007–far more than in the U.S. (166%), but less than in Spain (242%). Yet the French real estate market started to ease back at the end of 2006, house price inflation declining to 3.6% in the 12 months to December 2007 (7.2% a year earlier). The decline was even more pronounced in the fourth quarter of last year, with price inflation back to its 1995-1999 annual average of about 3.0%.
In 2007, interest rates on housing loans increased by an average of 90 basis points (bps), to 4.70% for 20-year loans and 4.80% for 25-year loans. Higher borrowing costs, along with a deterioration in consumer sentiment throughout.
S&P says it holds a rather benign view on the outlook for the French housing market in the medium term, and for several reasons. First, there is a relatively low level of indebtedness in French households (47% of GDP in the third quarter of 2007, compared with 59% in the Eurozone, and 97% in the U.K.). This implies that households are relatively less exposed to the current financial crisis and have more breathing space in terms of house price increases and affordability. Second, S&P expects that the French economy as a whole will continue to enjoy mild and steady growth this year and next (1.5% to 1.8% GDP growth), largely because of resilient consumer demand and corporate investment.
Crucially, unemployment will continue to decline, albeit at a slower pace, to 7.0% at the end of 2009 from 7.5% in the final quarter of 2007. Third, the new fiscal incentives adopted in 2008 will provide some help to the housing market. In essence, the new measures reduce the interest burden for borrowers by an average of 25% over five years (after five years, interest payments are no longer deductible), with a front-loaded effect of 40% in the first year. Calculations made by FNAIM, the French association of realtors, suggest that those fiscal incentives will reduce the average ratio of mortgage payments to incomes by 7.0 points in the first year, and 3.5 points in the next four years.
That said, the French real estate market is unlikely to return to the heady rates of growth seen earlier this decade. S&P expects house price inflation to return to its mid-1990s average of about 3% in the medium term, after a year of flat to slightly declining prices in 2008, the report says.
To read the entire article visit http://www.finfacts.com/irishfinancenews/article_1013081.shtml
Worthwhile Improvements for French Property Owners
By Gill Montia for http://www.homemove.co.uk
Overseas property website, shelteroffshore.com, is recommending various ways of enhancing the profitability of second homes in France, given that property values in the country continue to rise and interest from tenants and buyers remains strong.
Whether the property is let to tourists or for private use, there are a number of ways of increasing both its rental and resale value.
For those letting, research on potential customers is worthwhile. This should take into account the size and location of the property, so that a target group can be established for marketing purposes.
From here, the owner can think about the facilities and amenities that would be most attractive to that group.
For example, if a property is close to mountains and likely to be used in the winter by skiers and in the summer by walkers, maps and guides of the area can be made available, together with up to date information on the hire of skiing equipment and passes.
Skiers and walkers also need a hot water system that can provide plenty of baths and showers for aching limbs.
Homes intended as summer holiday retreats can benefit from a swimming pool, although this does involve local planning rules and regulations and safety considerations.
However, swimming pools generally add at least the cost in value terms to a property’s worth and are attractive to both buyers and renters.
In terms of reselling, decluttering and bringing property maintenance up to scratch are essential.
It is also worthwhile considering the lifestyle benefits of the location and making sure you present these to potential purchasers.
>See French Property Consultation on House Hunters International!
"Settling Down in Paris"
Angela and Ben met in 2003 when they lived in Los Angeles working for the same clothing company. Now, the two are engaged to be married. When Ben started receiving frequent overseas work, the company believed he’d be more valuable in Paris, so they happily relocated. They immediately moved into a cozy rental in the 17th district near the Arc de Triomphe and started to explore the different neighborhoods of Paris. The pair is now ready to take the big leap and purchase an apartment to stay for good. Property consultant Adrian Leeds is enlisted to help.
May 05, 2008 11:00 PM ET/PT
May 06, 2008 3:00 AM ET/PT
Interest Rate Update
A BNP Paribas Company
Interest Rate Indexes (on 01/04/2008)
3 month Euribor: 4.67%
12 month Euribor: 4.59%
TEC 10: 4.07%
Exchange Rates (on 01/04/2008)
€1 = £ 0.7960
£1 = €1.2563
€1 = $1.5804
Rented Dwellings Reference Index
(Indice de Référence des Loyers – IRL)
2007 4th quarter annual variation: 1,36%
Le Jardin Saint Paul
The "Fractional Ownership" Solution Update
By Adrian Leeds
Fractional ownership is a hybrid of direct ownership and time sharing, combining the best elements of both. The primary differences are that while timeshares involve many thousands of shares in a large complex with “resort” amenities and costs built specifically for that purpose, fractional ownership is joint ownership by only a few individuals in a single property whose value can easily be determined on the open market and for which there are very few, if any, resort amenities which must be managed and maintained (and paid for!). For Paris Home Shares, the city of Paris is it’s own resort!
See the Paris Home Shares Fractional Ownership Offerings:
LE JARDIN SAINT-PAUL — ONLY 3 SHARES LEFT!
The months currently available for 2008 are July, August and November.
Those who have purchased shares in Le Jardin Saint-Paul on Rue Ferdinand Duval, 4th Arrondissement, Le Marais, will be happy to know the renovation is complete! As a final touch, the granite counters were installed last weekend.
You can view a slide show of photos of the apartment at: http://www.flickr.com/gp/69276774@N00/07R372
To see a virtual visit of the apartment, click here: http://www.digitalive.fr/paris/tour.html
To those who have not yet purchased and are interested in learning more, the price of one share is now 92,000€. Only three shares remain for sale. They won’t last long.
To visit the site describing the property, visit
Apparently, rue Ferdinand Duval, home to Le Jardin Saint-Paul is THE TRENDY street in Paris. The attached article, highlighting rue Ferdinand Duval, was featured in the February 11, 2008 issue of ELLE magazine. We always knew that Jardin Saint-Paul was situated in a great little location. Now, apparently the secret is out…
To read the article in French, visit http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/ferdinand_duval_elle.pdf
NEW FRACTIONAL OWNERSHIP FOR SALE NEAR EIFFEL TOWER
Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Two-Bedroom, 88.1 m2
Half Sold! 99,500€ / ONLY 6 SHARES LEFT!
Available for Use May 2008
Price increase scheduled late February 2008: 109,900€/share
If you would like to receive more information on this apartment, VISIT http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/chezlatour.html
NEW FRACTIONAL OW
NERSHIP FOR SALE IN LANGUEDOC-ROUSSILLON>
52,500€ for the first four shares / 10 shares available
Available for 5 weeks/year
Maison Bleue is a 3 tiered, 3 bedroom, 3 bathroom village home, with an open living room/dining area and a fully appointed kitchen. The house is furnished with a combination of French antiques, wicker and pine furniture, firm beds, unique lighting, fully equipped kitchen and many decorative items. It also includes Satellite TV, telephone, washer and dryer and all dishware and linens.
If you would like to receive more information on this apartment, visit http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/maisonbleue.html
TODAY’S CURRENCY UPDATE
Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp Global Money Services: http://www.adrianleeds.com/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.
Compare currency values easily and quickly by visiting:
The charts below are updated every ten seconds.
The prices shown are "inter bank" exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.
Parler Paris Après Midi
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is May 13, 2008, and every second Tuesday of the month.
HOT PROPERTY PICKS: Student Studios
Each week French Property Insider 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 regions of France and 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 http://www.adrianleeds.com/frenchproperty/consultation
***Paris, 5th Arrondissement, studio, approx. 21m²
Near Monge-Cardinal Lemoine. In a pierre de taille building on the second floor, with elevator, this studio faces the courtyard. Separate kitchen, very quiet.
Asking Price: 200,000 € + 2.5% Finder’s Fee
***Paris, 6th Arrondissement, studio, approx. 18m²
On the second floor, this studio has a view on the street. Separate kitchen, shower, toilet. In good condition.
Asking Price: 265,000 € + 2.5% Finder’s Fee
***Paris, 7th Arrondissement, studio, approx. 24m²
Charming studio features an American style kitchen, fully equipped, bathroon and separate toilet. Renovated with many beautiful features.
Asking Price: 265,000 € + 2.5% Finder’s Fee
Next Sessions: April 15, 2008 at 2 p.m.
Notaires de Paris
Place du Châtelet
12 avenue Victoria
Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at http://www.encheres-Paris.com/ Though the site has a button for an English version, it isn’t reliable to work.
To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
April 15, 2008
|4 rooms 124,10 m²
7 avenue Franco-Russe
75007 Paris 7th
Opening Bid: 700,000€
|2 rooms 27,06 m²
61 rue des Vignoles
75020 Paris 20th
Opening Bid: 110,000€
|2 rooms 37,11 m²
11 rue de Mont Louis
75011 Paris 11th
Opening Bid: 125,000€
LEASEBACK NEWS FROM IMOINVEST
ACADEMIE DE MONTPELLIER
France, Mediterranean Coast, Vendargues
Studio 19m² to 21m² €70,600 to €70,600
Two Bedrooms 37m² to 60m² €115,100 to €115,100
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME UP TO: 4.60%
DOUBLE GUARANTEE FOR YOUR SECURITY
Proudly presenting the most exciting Leaseback opportunity this year: developer advanced VAT, double guarantee via commercial lease and insured rental income and location, location, location! Located 15 km from Montpellier in Vendargues in the South of France, discover this new build student/business residence. Montpellier is the capital of the Languedoc-Roussillon region, as well as the administrative capital of Herault, one of the most well-known and successful of French departments located in this region. As of February 2004 estimates, the population of the city of Montpellier reached 244,700 inhabitants, meaning a 1.7% population growth per year between 1999 and 2004. The estimated population of the metropolitan area is 531,000 inhabitants in 2007. This is a very rare opportunity to invest in a new build property so close to Montpellier.
There are a myriad of reasons to invest in Montpellier and its surroundings:
– The Herault department (where Montpellier is) is the second most dynamic department of France.
– Montpellier is the 3rd main city in terms of population in the Mediterranean (after Nice and Marseille).
– 400,000 people live there — 1000 people settle down to Montpellier every month
– The forecast in terms of population for Montpellier and its surroundings is 600,000 inhabitants for 2015.
– The employment rate increased considerably since the beginning of the 90’s
– 32,000 companies have set up their headquarters in Montpellier
– 60,000 students in the three main universities of Montpellier
– TGV brings you to Paris in less than 4 hours and to Marseille in less than 1.30 min.
– International airport with more than 60 destinations + 14 flights per day to go to Paris.
– Tramway lines (+ 1 extra one under construction) and excellent bus routes in the city centre
– 2/3rd of the inhabitants are renters
An established management company specializing in student/business residences will back this project and reinforce the security of your investment. The management company will contractually guarantee rental payment through a legally binding commercial lease. In addition to this secure and very sound guarantee, owners may take comfort in knowing that their investment is insured as well. On top of the lease, one of the world’s largest insurance groups will guarantee rental income over the initial 9 year (renewable) period of the commercial lease contract.
Realistic pricing for the area and hassle-free maintenance make for an appealing investment
venture. With up to 4.6% guaranteed rental income and an immediate
19.6% tax break, this investment cannot be missed. France is one of the strongest outlets for foreign direct investment and among the world’s top investment destinations – the perfect reason to choose Leaseback.
SEEKING A MORTGAGE IN FRANCE?
When you make a purchase as important as a piece of real estate in a foreign country, you want to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.
Managing Your French Property Insider Subscription is Easy!
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French Property Insider subscribers receive a discount of 10% off any guide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). Here’s how it works:
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HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
1 hectare = 2.4710538 acres
For more conversions, refer to: http://www.onlineconversion.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.
La Bonne Nobel
Rue Nobel – one of Montmartre’s Most Charming Streets
Two-Bedroom (One-Bedroom + Bedroom/Office), Sleeps 4
On the third floor with elevator of an elegant "pierre-de-taille" building, on a quiet stair-stepped street in Montmartre, with no through traffic or hint of noise, sits "La Bonne Nobel." Completely renovated in late 2007, this gem is bright, shiny and luxuriously comfortable. Every surface and corner of the apartment has been exquisitely decorated in soothing tones of pale blues, beiges and soft browns.
Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/nobel.html
or email: Apartments@AdrianLeeds.com
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